Nonetheless, all these features of commercial car leasing that I have mentioned can help you avoid being adversely by depreciation with fluctuation in the car re-sale market.
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Leasing vs. Buying a Company Car
Every business structure and financial situation is different. Starting from this fact, we can enumerate that there is no magic formula that businesses can use in order to determine whether they should choose to lease or to buy a company car.
Hence, there are always few crucial things that should be taken into consideration:
- Mileage– This is an important thing that should be taken into consideration because after all mileage is an important cost and as such it must be factored in. In general commercial cars are typically more driven that personal cars are;
- Length of Ownership– On the other side we have the length of ownership, which is one of the most important factors in commercial car leasing because it indicates for how long does your business plan to have the car.
- Total Cost of the Car– The total cost of the car brings important considerations in regards of the value of the car at the end of the lease. You can make an appropriate comparison between the lease vs. the ownership period. Yet, when calculating the total cost of the car- you should not forget to include the taxes too.
