As a business owner, you never really have to be convinced about the benefits of trying to yourself money whenever you can. If you are a new start-up then it becomes even more important than ever because you need your surplus cash to pay things like rent and rates and staff salaries. No matter if your business is young or old, you always want to be making the best of your resources and if you are the kind of business that needs multiple vehicles for deliveries and providing services then it might be a good idea to think about leasing your company vehicles rather than buying them out right. It is fair to say that when you buy, you own the vehicle but there are many ongoing costs associated with that as well.
This is why many businesses turn to SG Fleet for their transport needs because they need a service that is both flexible and affordable and they need for life to be easy for their employees as they go about their daily duties. If you are currently caught in a dilemma about whether or not you want to buy your vehicles out right or to lease them then maybe the following benefits of leasing can help you to make a smarter business financial decision.
- Cheaper monthly payments – Every business wants to be able to cut down on the amount of capital that it needs to operate every single day and so if you least your vehicle is then this will happen and it is one of the top bookkeeping essentials to know about. Good business is about reducing your costs and increasing your profits and so this is why it makes a lot more financial sense to lease a car rather than buy it. This means that the money that you saved can be reinvested into other parts of your business that will allow them to grow and prosper even more.
- There are the tax benefits – There are tax benefits to be had here in Australia and due to the fact that you don’t have to pay sales tax on the vehicle, you will only be taxed for the value of the car when you are using it during the whole leasing period. The other good thing is that the taxes that are due can be paid during the whole leasing period and not all at once and so you are always saving money.
- It creates the right first impression – Current clients and potential clients want to feel that they are dealing with a professional and successful company and so when your staff pull up in new cars every single year then this provides the right first impression every single time. Everything in business is all about the brand and so having your staff driving luxury vehicles all the time relays success and this should lead to more new customers.
The other selling point is that there are no maintenance fees involved and so if there is an issue with the vehicle then the leasing firm will take care of it for you and they will give you another car in the meantime while you wait.