Since the start of 2010 fleet and business registrations for vehicles have been on the rise, private registrations however have been steadily declining. This information is freely available to view and is provided by the Society of Motoring Manufacturers and Traders (SMMT). The trend of Business Car Leasing is growing considerably and it’s not hard to see why. In the UK’s current financial state Business Car Leasing provides a cost-effective and beneficial solution to purchasing a vehicle outright.
A company can expect to gain a lot from investing in a leasing contract. Essentially leasing is the long term rental of a vehicle, but there are many more advantages to be had. Small monthly payments are made to continue using the car, which makes for easier budgeting and less hassle financially.
Another aspect which is important in a professional business environment is appearance. A modern and prestigious fleet of vehicles gives across a very positive impression, in some businesses image is an essential factor and can make the difference between gaining a client and losing one.
Practicality is something which is immensely beneficial, leased cars are perfect for long commutes, driving to meetings and motorway travel. Keeping up appearances with a flexible and practical car projects a business in a very good light.
What can be gained from a leasing contract is obvious, the advantages even carry on after the term is finished – with the leasing company taking the vehicle off a businesses’ hands and dealing with the selling on. If you’re interested in leasing so far then why not perform some research of your own and see if it’s the right deal for you or your company?
Information provided by Balgores.co.uk – one of the most successful independent leasing companies. Balgores.co.uk also specialise in various finance packages such as; Contract Hire, Lease Purchase, Contract Purchase and Hire Purchase.