What are the benefits of leasing?
Never be out of date
Vehicles are typically leased between 3-4 years, enabling you to maintain a successful image as well as having the most recent technology to keep up with the needs of your business by driving the latest models.
Reduce expenses
Lease payments are typically more affordable than finance payments. Additionally, newer models require minor maintenance compared to older models and major repairs are usually covered under warranty.
Cut down on repairs and maintenance
As a vehicle ages and mileage increases, it will experience increased downtime due to repairs and maintenance. Leasing over a 3 to 4 year period allows you to drive vehicles that will statistically perform better and consistently.
Improve Financial Metrics
Companies who lease their vehicles, are often able to keep them off balance sheet and enjoy a tax deduction on lease payments. This improves debt to equity ratio, improves cash flow, frees up operating lines, and allows the company to achieve a greater return on invested capital.
