I want to lease a commercial vehicle in Toronto

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I want to lease a commercial vehicle in Toronto

It’s been said that “aspirations and risk walk together.” In other words, to achieve great things, you must take risks, pretty standard advice. That’s often true in business, as long as you’re not taking risks when shopping for vehicle leasing companies. Wherever your commercial vehicle needs lead you, whether it’s to a commercial vehicle leasing company or to a car dealership to acquire your vehicles, your goal is to find an experienced partner who can save your company time and money. At Pfaff Leasing, we can get you set up with a commercial vehicle for your business needs. In this blog by Pfaff Leasing, we talk about the benefits of leasing a commercial vehicle in Toronto!

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Low Monthly Payments…

We all agree that leasing a car instead of buying one for the business cuts down the capital required to run the business. This is very beneficial to business owners who are new to entrepreneurship since the only objective every business wants is to minimize costs and maximize profits. The lease amount payable every month is between 30% to 60% of the value of the car which is way cheaper than acquiring a new vehicle.

Tax Benefits…

Commonly with leasing for business, you don’t pay sales tax on the whole value of a leased vehicle but, instead, you are only taxed on the portion of the value you use during the leasing period. It should be noted that when a business buys a vehicle, the business pays sales tax on the whole value of the vehicle which is very expensive for a business that is trying to grow. Lastly, when you lease a vehicle, the tax payable is spread all along the leasing period and is paid together with monthly installments.

No Maintenance Costs…

As a business owner, you should be clever enough to lease a vehicle at a time that coincides with the warranty period covered by the car’s manufacturer. This means that in case something goes wrong with the car, the manufacturer is responsible and caters for all repair costs. At the same time, many leasing companies offer free maintenance schedules during the lease period. On the other hand, many companies also offer a fully maintained operating lease meaning anything that goes wrong with the vehicle remains the responsibility of the company which saves you on business costs.

There are many benefits that can be experienced with leasing a commercial vehicle in Toronto. If you are a business owner looking to lease a commercial vehicle, then Pfaff Leasing is the place for you! Click here to find our contact information or to speak with a representative.