Should you lease or own your fleet? Deciding whether to own or to lease company vehicles can be a complex question for business and individuals alike.
This 2 minute video clearly explains the differences between ownership and leasing and you’ll see why businesses choose to lease.
Things to consider before leasing a business vehicle or fleet include:
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Businesses need to compare operating lease payments versus loan, finance lease and/or hire purchase payments
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Cash flow impacts of each type
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Depreciation versus tax savings & investment potential
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Cost to purchase & fringe benefit tax
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Maintenance & disposal costs
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Fuel costs & environmental costs
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Reporting and compliance
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Managing your fleet
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