Purchasing a car for your business travels can often be very expensive. Buying a car outright either with cash or even taking loan can cause a massive dent in your debts column in the balance sheet. There is another cheaper option to acquire a new vehicle for your businesses which are car hire leasing.
Car hire leasing can save a lot of money for your business as it is very it is very much a cost effective method. For instance, if you lease a car from a car leasing dealer for a period of about three year, you will not actually own the car during that period, but you would be able to avail its full use. If you select the right kind of car hire leasing deal you could save thousands of dollars on if you compare with the amount money you would have paid if you had actually bought the car. There generally will be an option for buying it at the end of the car hire leasing agreement, or you can return it back and get a another latest brand new car through car hire leasing again.
The monthly payments for car hire leasing the car is to an extent based on the amount of miles you are expected to travel every year on an average. If you carefully calculate your estimated mileage you can easily make sure if you do not pay much as payments connected to the amount miles you make use of the car.. This is clearly show how much of an advantage car hire leasing has over actually buying the car, where you would end up paying the same monthly payment whether your car for 1000 miles or 50,000 miles a year. In case if your business is registered for Value Added Tax (VAT), there are a lot of benefits which can obtained by car hire leasing. You can claim 50% of the VAT which is charged on the monthly leasing costs. Tax benefits are given up to100 per cent relief if the car is used only for business purposes and not personal use.
One of the most important or significant benefits of car hire leasing is the fact that car tax would be paid by the leasing company, who are actual owners of the car, during the period of the lease. You would also not have to worry about disposing of the car which is one of the biggest head aches; you just have to give the car back to the dear the end of the lease. Also in car hire leasing you will not have to worry the value of depreciation for the car. All these factors put together offers a potentially quite a large saving when you compare the cost involved in buying a car.
Also depending on the car hire leasing deal you have, you might even get car maintenance and servicing allowances. There are not short of companies offering car leasing so it is not all that difficult in getting one for you.
car hire leasing deals at UK Car Line, your personal contract hire specialists. Leasing cars couldn’t be easier with cheap car lease deals including VW cars and Audi contract hire. .
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