Auto Rental – Save Cash On Your Fleet Vehicles

Each year, firms in the UK spend huge sums of money on new company vehicles, when a business aquires a new car using finance, a big downpayment is needed which might significantly dent the cash flow of most small to medium businesses. A different method to obtain new fleet vehicles without forking out a huge downpayment is to take advantage of car leasing.

If you hire your companies fleet vehicles via contract hire, you obtain numerous advantages over buying. Firstly, you pay a fixed and affordable monthly tariff which is based on the depreciation of the vehicle in question. You therefore do not have to find a gigantic amount of funds to please the finance companies deposit requirement.

Furthermore, due to the nature of vehicle leasing prices being worked out by the devaluation of the car within your hire period, it actually makes good sense to hire a far more luxurious automobile than you might normally consider purchasing. This is because of the fact that prestigious vehicles tend to devalue at a far lower rate than low cost budget cars.

Companies can moreover benefit from reclaiming a maximum of fifty percent of the value added tax that they pay out in their car lease fees. If you are an employee renting a vehicle as a substitute to getting a company car you can also enjoy additional gains as the vehicle will not be classed as a taxable benefit.

Scores of businesses have a very hard time getting rid of their company vehicles when it is time to replace them, maybe the companies rep’s have had them for quite a while and put quite a bit of mileage on them. As a consequence they end up selling their used cars at a large loss and subsequently putting additional cash into the downpayments on replacement motors, with contract hire leasing, all that would be needed is a call or email, and the car leasing firm would collect and replace your company cars with the new models of your preference.

Anyone interested in learning more about the numerous advantages of car leasing can find more info on our website. We hire to private individuals as well as business.