Car leasing is actually a more popular alternative to buying. Even though a lot of automobile manufacturers have been offering several great financing deals in the market, the enticement of buying cars especially for business is actually not the best option at this point in time.
Leasing is definitely the latest trend in the market and it has become a profitable option for small as well as medium size enterprises that would need cars for their day to day business operations. Buying cars for business might seem like a necessity, but this option is not that profitable if looking at a commercial viewpoint.
Leasing Business Cars
A lot of companies who have opted for the business car lease have admitted that they find leasing to be more beneficial instead of buying. One of the things that make a buyer to choose leasing is the annual expenses that come with purchasing a vehicle. The maintenance fees, insurances and service fees are among the headaches that every car owner will have to deal with.
Such expenses can be avoided if one would opt for a car leasing option. Because of this, more and more businesses are now choosing to lease. As a matter of fact, research studies have shown that the customer to loyalty rate of car leases is thrice than that of car purchasing.
Personal Car Leasing
A lot of car buyers are now considering getting a personal car lease. Just like with business owners, they find that leasing a car is more beneficial instead of buying. With a car lease, you will pay for the car for as long as you will use it and you do not have to worry about paying for the maintenance and repair services just in case the car breaks down.
Because more and more people are now getting a car through leasing, several car manufacturers would now have a leasing option available. There are even some companies that will lease a car without any credit check or credit verification. So even if you feel that you have a bad credit score, there is a good chance that you will still be approved of a car lease contract.
Save a Lot of Money
The main reason why a lot of car buyers would rather choose the car leasing option is because of the amount of money that they can save. As part of the contract of vehicle leasing, the financing will be based on the proposed duration of the leasing agreement, the purchase price of the car and the projected mileage of the car.
From this, the car leasing company will then calculate the future value of the vehicle and the end of the contract and will determine the monthly payments that you will have to pay. This is generally cheaper as compared to buying a brand new car.
Another great thing about the business car lease is that you will have the option to refurbish your cars each time the leasing term will expire. This is really a great thing especially since it is important that you have new cars to keep your business operation to run as smoothly as possible.
All pictures and/or photos and car descriptions on this site are for illustration and reference purposes only and are not necessarily the vehicle on offer. All offers are subject to change at any time and are subject to finance approval and vehicle availability. All prices correct at time of publication. E & OE.
| TEL: 0845 1204948 | FAX: 0845 1204950 | | | MVM Vehicle Contracts, No 3 The Broadway Centre, Woodhall Spa, Lincs, LN10 6ST |
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