Leasing For Less

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Description

Why to Lease:

  • Avoid having to pay the full cost of the vehicle up front, so you don’t use up your working capital or have to borrow
  • Only pay for the vehicle over the fixed period of time that it is needed by you
  • Easier to forecast cash flow as rates on monthly rental costs are fixed
  • The cost can be more easily be planned to coincide with revenue coming into the business
  • Opportunity to reduce your tax bill by deducting the cost of lease rentals from taxable income
  • No need to worry about an overdraft or other loan being withdrawn at short notice due to changes in bank policy or personnel
  • Maintenance and other vehicle management service items can be written into lease or contract purchase contracts
  • The risk of depreciation is carried by the leasing company
  • The leasing company obtain Fleet discounts due to their greater purchasing power.

Why Not To Purchase Outright:

  • You pay the full cost of the vehicle up front out of working capital, or debt finance, which adds to the cost
  • A small company has limited bargaining power and knowledge regarding the potential discounts available
  • A small business is gambling that it will not need the capital for the medium and long-term
  • The cost cannot be spread to coincide with money coming in to the business
  • You are responsible for the maintenance and servicing 
  • Banks can withdraw overdrafts and loans at short notice and demand early repayment
  • You are unable to take advantage of the tax benefits of deducting the cost of rental from your taxable income. (However can deduct the interest payable on any loan used to finance the vehicle)
  • It may take longer to source and administer the purchase
  • All the risk (e.g. Depreciation, maintenance, obsolescence etc) is taken by you.

Mann Vehicle Leasing is Manx owned and operated by Roy Hall in partnership with  the UK's leadin leasing broker.

For further details or a bespoke quote, contact Roy Hall on 496380

More details

Name Description
Price Type Negotiable
Condition New

Ad details

Thu 10 Jun 2021 11:49 am
1115 Views

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MVL (24)
603865/496380
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Leasing For Less

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