With leasing through a business , whatever the size , we have some specific guidance for you on the benefits of leasing a car . Some of these will be a repeat of the general benefits , but they are that important , they are worth repeating .
Our advice here is also to check with your accountant to see how our general information applies to your own business , or if you like we can refer you to an accountant if you don ’ t have one yet .
Regardless of the size of your business , Simplicity Cars is here to help you , from a single car for a small business , or a mixed fleet of company cars and commercial vehicles . We can take on the role of a virtual fleet department to help you focus on the core activities for your business , while we look after then car or van needs of your business .
Branding and Image
What does your vehicle say about your business ? We aren ’ t saying that whatever you choose has to be a prestige vehicle , but the vehicle you arrive in forms part of your business image . Think of how professional you look arriving in an older , vehicle that is showing it ’ s age and mileage compared to a 2-3 year new vehicle . Don ’ t forget you can have signwriting on your vehicle even with a lease !
Fixed Costs
With a lease , you will know from the start exactly what your monthly cost of the vehicle is . We will also give you an annual total estimate cost to your business using the vehicles combined MPG figure . Add maintenance to your contract and enjoy trouble free business motoring .
By leasing the vehicle , your business doesn ’ t assume any of the risk attached to the product . This means you don ’ t have to worry about depreciation or the residual value of the vehicle . Why gamble with an asset which costs you money in depreciation ?
Risk
Cash Flow
With a minimal outlay upfront , leasing is the best way to get a vehicle for business . Whether you are just starting up or looking to grow your business , leasing keeps your business capital in the bank where you can use it to invest in your core business , not tied up in a car . If you need another company vehicle after taking on staff , make it easy by leasing .
Choose the right vehicle and not only can you reclaim VAT on the lease payment , but also most the manufacturers have an option in the range under 129g // km which is tax friendly . As a business client , we will provide you with the information you need to know on what your next car will cost you in tax , and the advice to make sure you pick the right vehicle .
Tax
Off The Balance Sheet
By leasing the vehicle , it isn ’ t a fixed asset of the business and have to be recorded as such . Also if financed , this balance has to be added to the company ’ s debt liability . All this helps you maintain your liquidity in business .
Reliability
If you count on your vehicles for your business , then why would you not want a brand new car , covered under warranty ? If you have to be with a client or at a key meeting , you want a car you know will start , run and perform everyday . Having a brand new car as part of your business gives you all these benefits .
6 : @ KingoftheRoadUK : Simplicity Cars : http // www . simplicity-cars . co . uk : andy @ simplicity-cars . co . uk