We love the haulage industry, we respect the driver, and we are always looking for new ways to help businesses just like yours grow. If you run a fleet of large haulage vehicles but also need cars so that your management team can get to and from important meetings, we have just the solution for you.
Smart businesses are increasingly turning away from outright ownership and embracing leasing because it provides a whole host of benefits. In this quick guide, we’re going to talk you through everything you need to know to start scaling your business with optimal efficiency.
What is car leasing?
Leasing a car means that you make a fixed monthly payment to the leasing company — they retain ownership of the car at all times — for the duration of the leasing agreement. This is different from other forms of vehicle financing where you are gradually paying off the cost of the car with a view to owning it at the end.
The problem with these older models is that the vehicle you own by the end of the agreement will typically be worth less than half of what you paid for it. Car leasing sidesteps this issue while providing a whole host of additional benefits.
Simple fixed payments
Leasing a vehicle can simplify fleet management, and for businesses or individuals operating in Ireland, adding car insurance Ireland ensures that every car is fully protected. This coverage provides peace of mind for drivers, helps manage risks, and complements a flexible leasing strategy without the worry of unexpected costs.
Agile cash flow
Because you are not paying a large upfront cost to purchase a vehicle outright, and because leasing payments are typically lower each month than traditional finance options, you can enjoy a strong cash flow. Ideal when you need to be able to maintain flexibility and secure your place in the market so that you can adapt to the ever-changing needs of your customers and clients.
Affordable access
Leasing is typically more affordable than making an outright purchase, particularly when you want to look at services such as Tesla Model 3 leasing that gives you access to the very latest vehicles. If you want to be able to remain lean and agile in the market without having to compromise when it comes to drivability, vehicle safety, and mechanical reliability, this is one approach that is sure to give you plenty of options.
Options to upgrade
Leasing a vehicle makes it significantly easier to upgrade because you are not left holding the vehicle in your own name once the leasing agreement concludes. This means that you can continually drive the latest models when you want to stay safe on the road, enjoy a better electric range or MPG, and create the right first impression with
customers.
Leasing is tax-deductible
The fact that you can claim back VAT on the repayments you make under your leasing agreement provides you with another competitive advantage. You’re effectively paying even less than the advertised price because you will get a rebate for meeting your monthly repayments. Good news for anyone looking to streamline their outgoings without having to compromise when it comes to the quality or reliability of the vehicle.
No depreciation
When you buy a car on finance you are generally left with a vehicle that has lost more than half its value in just 2-3 years. The problem with this is that you then have a depreciating asset that holds a lot less sway than you might think when you want to part-exchange to fund your next vehicle. Leasing avoids this problem from day one by putting all of the risk with the leasing company so that you never own the vehicle — simply hand it back at the end of the agreement and start your search with a clean slate.
Anything else you need to know?
Even if the concept of leasing a car is new to you, it’s the numbers that matter more than anything else. By talking to a reputable national provider of car leasing deals, you can understand your options and take a look at a diverse range of different vehicles you could add to your business.
Moving away from the idea that owning a car means you own a useful asset will help you scale your business so much more efficiently. Property and land both generally appreciate over time — cars and other vehicles rapidly lose value no matter how well you service them and look after them.
Focus on the numbers and everything else will make sense.
