| Car leasing can be an option worth considering for | | | | of the lease. They should also include servicing and |
| business owners. While the cost of running a business | | | | repair in the price and if they don't than you should look |
| is high, the added expense of buying a new car for | | | | elsewhere as all inclusive deals are now the norm and |
| company use will greatly add to the expense and can | | | | not the exception. As well as the financial advantage |
| be prohibitive. But by leasing a vehicle it will save you | | | | of such a deal, it will save you the time and trouble of |
| the cost of purchasing the car upfront and is also | | | | trying to book vehicles into a garage, allowing you to |
| cheaper than taking out a loan for the purchase. | | | | concentrate on your business. |
| So is car leasing an option for your business? Before | | | | Another advantage of leasing a car is that if you are |
| answering that question it is important to dispel the | | | | registered for Value Added Tax, you will be able to |
| biggest myth surrounding the whole issue of leasing. | | | | claim a minimum of 50 per cent on each lease |
| This myth is that leasing a car is exorbitantly | | | | payment if the vehicle is used for both business and |
| expensive. It is not. It is cheaper than purchasing and | | | | personal use, and up to the full amount of VAT paid if |
| those savings should allow you to choose a car most | | | | it is used solely for business. |
| suited to your company's needs. And in a world where | | | | Leasing will also help overcome the problem of |
| image is becoming increasingly important, the sight of | | | | depreciation in the value of the vehicle over the period |
| brand new car - that has been leased - will send out | | | | of the lease. Once the contract is ended you will not |
| the right signals for your company. Also there are | | | | have to deal with the problem of negative equality or |
| many car leasing companies in the market place, so it | | | | disposing of the car which would be the case if you |
| is a good idea to shop around and find the best deal, | | | | had purchased the vehicle outright. |
| at the best price, available for you and your business. | | | | In summary the savings of leasing over the cost of |
| There are also many added extras which make the | | | | car purchase, the VAT savings and the removal of |
| whole cost of taking this step very economical. | | | | the problem of depreciation should make the concept |
| Depending on the company you deal with, road tax will | | | | of car leasing an attractive option for your business. |
| be included in the price and renewed during the period | | | | |