Here at Yellow Car Shop, we want to save our customers as much money as possible. Did you know that leasing a car or van for your small business could save you money?
Alex Rose, Director of Accountancy Solutions company NumberFactory explains:
They say that the minute a new car drives off the forecourt, it depreciates in value. But if you lease your vehicle, you just give it back when your lease term ends, avoiding that annoyance altogether.
Because leasing gives you fixed payments, it makes budgeting easier, and you can often agree a period of between two to five years.
It’s also the hassle-free way to drive, as you don’t have to bother about selling the car, and can add maintenance cover for added peace of mind.
Leasing equipment, including vehicles, is a tax-deductible expense. 50% of the VAT on the lease can be recovered, saving your business a nice sum. If you’d like to know more, NumberFactory explains:
Aside from the above benefits, you’ll get a stunning new car every 12 or 24 months. Driving a great car gives your business a certain polish, making you look successful and professional. It’s also much nicer to drive than an old banger!
Always check the small print on any lease agreements you sign, so you know exactly what you are (and aren’t) getting. It is advisable to speak with your accountant as there will be some tax implications.
If you would like more ideas about items you can lease as a small business please visit our website www.number-factory.co.uk