Photo by Campbell BoulangerOriginally Posted On: https://www.the-sixteen.org.uk/4-benefits-leasing-vehicles-small-business/
Many small businesses need vehicles to provide their customers with the services they need, particularly in today’s digital market, where consumers regularly order items online.
This is particularly important in the UK, where more than half of shoppers purchase products online, ranging from groceries through to clothing and beyond.
As such, increasing numbers of companies, even small organisations, are offering delivery as part of their offering, and are acquiring vans and other vehicles in order to provide these services.
Buying a new vehicle can be expensive, particularly if you’re running a small business. Owning a vehicle is also a lot of responsibility and requires an extensive amount of admin and paperwork.
Leasing a vehicle is a great alternative to purchasing one outright for small businesses, as this list of 4 benefits highlights.
You’ll Have Your Pick Of The Latest Models
Buying a brand new vehicle can be incredibly expensive, but saving money and purchasing a second-hand model can be unreliable and more expensive in the long-term. Leasing a vehicle offers the best of both worlds, as it allows you to choose from the very latest releases at a fraction of the cost. For example, Swiss Vans offers the 2020 VW Transporter Sportline for lease. This brand new van can give you exceptional performance, at a fraction of the upfront cost when you lease it from this renowned leasing company.
Leasing Helps You Manage Your Business’s Cash Flow
Cash flow can be a challenge for small businesses, and leasing vehicles is just one of many ways that you can gain control of it. After all, if you’re not paying high upfront costs, but instead paying a set monthly fee, you’ll be able to budget better and ensure that your company always has the funds it needs.
It’s A Flexible Solution
Small businesses are constantly evolving and growing, which is why you need scaleable options for most of the products, services and tools your company uses. Leasing a vehicle, instead of buying it, means you’re only tied in to paying for and using it for a set amount of time. If at the end of your contract, the vehicle is no longer suitable for the direction your organisation is going in, or you need more modes of transport, this can easily be arranged with your provider.
You Won’t Need To Worry About Depreciation
One of the biggest concerns you need to think about when purchasing an expensive asset, like a car or van, is how much it will depreciate in value over its lifetime. Leasing a high-value asset means that you don’t need to worry about this, as you don’t own it, and you only need to focus on using it productively. As a result, you can use the time you would’ve spent calculating depreciation to do what your business was designed to do: provide quality service to its valued customers.
This list of benefits should show how leasing a vehicle can help your small business to grow sustainably and offer its clients a standard of service they can’t find elsewhere.
