Business Car Leasing
Nowadays, companies are now required to invest a large amount of resource in the acquisition of company vehicles, and the importance of green vehicles and environmental policy is paramount, so it is hardly surprising that more and more businesses are looking for cheap business car leasing.
Increasing competition in the contract hire and leasing market means that there are many different car leasing deals and cheap car leasing offers, so fleets need contract hire companies that stand out from the crowd. Customers becoming more demanding and looking for a hire / lease company who can provide a range of products that are flexible, innovative, and competitive. This includes green vehicles, specialist vehicles for food distribution, racking for different types of tradesmen and finance packages to suit the individal businesses. Because of our independent nature, Prospectus Vehicle Solutions Ltd offer unbiased advice on business car leasing and personal lease deals, and will identify the best options that are suited to your requirements.
Business car leasing can be a popular method of cheap car leasing for business owners who are looking for car leasing deals to maintain a modern fleet without the hassles associated with ownership. In a car contract hire and leasing agreement, you simply hire the vehicle from one of the lease or contract hire companies for a pre-determined period and an agreed mileage for a fixed monthly rate. The hire / lease company retain ownership of the vehicle, and the associated risks such as depreciation and residual value, and at the end of the contract the vehicle is returned to them.
The major difference from contract hire, is leasing and business car leasing rentals are not always dependent on a predetermined vehicle life cycle - and therefore a residual value. The lessee may choose either to pay back the entire capital cost of the vehicle and the finance charges over the period of the contract, or have a final balloon payment at the end of the contract which will reduce the monthly rental - but never take ownership of the vehicle.
Business car leasing is particularly useful for fleets and businesses with wide variations in operations and vehicle requirements, and personal lease which deals with the private individual and can provide cheap car leasing for the retail customer.
Benefits of business car leasing
- Fixed monthly costs - helps budgeting and cash flow
- VAT efficient for most organisations
- Additional services (maintenance package, tyres) can be included
- Low initial outlay (normally 3 months rentals)
- Provides an alternative credit line for funding