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If your company is requires a new vehicle, you have 2 available choices to you: you can buy or lease! Find out here the advantages and disadvantages of leasing. For more information read http://www.newhorizon.org/credit-info/should-your-business-lease-your-next-work-truck/<br><br>To learn more about equipment leasing check http://www.newhorizon.org/NHBS/equipment.htm
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Why You Should Lease Your Next Business Vehicle by: www.newhorizon.org
If your company is requires a new vehicle, you have 2 available choices to you: ● you can buy the vehicle outright and make payments on it monthly ● or you can lease your work truck, make repayments, enjoy a HUGE tax benefit and have the choice to give it back after a set time. Which choice is best for you will be based on your business’ necessities.
PROS AND CONS OF LEASING YOUR NEW VEHICLE
Advantages of Leasing a Work Vehicle -Minimal Initial Cost. If you don’t have a lot of available funds to make a deposit on a vehicle, a lease could be the better choice. The advance costs of leasing are usually below the price of buying. - Versatility. If you are likely to replace work vehicles often, a lease will save you the headaches of having to sell and make it easier for you to improve to a newer model. Both short and long term leases are available to suit your needs.
- Lower Monthly Payments. Lease payments are usually below the price of monthly payment loan payments if you’re financing your vehicle. - Balance Sheet Benefits. Leases do not change your company balance sheet, so they permit you to still borrow for other purposes. - Quick Credit Approval. Equipment leasing is available to start up businesses and well established business. Additionally, it has very versatile credit criteria allowing for companies with credit problems to be accepted.
TO LEARN ABOUT THE DISADVANTAGES of LEASING READ http://www.newhorizon.org/credit-info/should-your-business-lease-your-next-work-truck/ For more information about equipment leasing check http: //www.newhorizon.org/NHBS/equipment.htm