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