Business car leasing is something that’s becoming ever more popular, as employers look to improve the mobility of their staff, and employees like having the use of a brand new car. There are upsides and downsides of course.
The main concern of course is that when it comes to company cars, efficiency and economy is paramount. This is partly because fuel costs can quickly mount when cars are being used for social, commuting and business purposes. Primarily however, energy efficient cars enjoy significantly lower rates of tax, which makes them attractive to businesses.
Now efficiency is undoubtedly a good thing, but it does mean that if you’re being given the option of leasing a car, you’re unlikely to be offered anything that’s known for its performance. You will simply be limited in what you can choose from.
Many would agree however, that the benefits outweigh the negatives. The chance to drive a brand new car is a very attractive proposition indeed. It’s often prohibitively expensive for most people to own an executive vehicle by their own means, but leasing makes things a lot more affordable. BMWs, Mercs and Jags are all popular business cars.
Many modern diesels also boast respectable performance alongside excellent fuel economy. So while you aren’t going to get anything that’s blisteringly quick, you will get the low down grunt that makes driving around town in a diesel so rewarding. Companies like Hitachi Business Car Leasing are certainly taking advantage of this.
Many leasing plans also include maintenance, which means that you don’t ever have to worry about paying for servicing or repairs. This is a real bonus, as unexpected bills can be expensive but unavoidable.
There’s no worry of depreciation and selling the vehicle either. Once the term is up, all you need to do is give the car back. It can be stressful having to sell a car, but this isn’t something you have to think about with a lease.
To conclude, if you can do without a huge engine, then business car leasing is a great option. If your employer offers it; go for it.