Does leasing a company vehicle make sense?

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Does leasing a company vehicle make sense?

Why should business owners go with leasing over owning company vehicles? At Pfaff Leasing, we make it very easy for our customers to find that high-end luxury vehicles they are wanting for business. There is nothing better than rolling up to that bug business meeting in a luxury car. With leasing facilities in Calgary, Vancouver, and Toronto, our customers can take advantage of our vast network of connections to find the right luxury company vehicles for their needs. Not everyone, however, will agree that leasing a company car makes sense for them. It is for this reason that Pfaff Leasing has put together an article that shares some information about if leasing a company vehicle makes sense. 

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Do you want to stay competitive? 

With car leases, you can remain competitive over the long term because as the car gets outdated, you can simply choose a newer model. This looks good for your business image. In addition, you can often upgrade to a newer vehicle if the need arises for a newer and more updated vehicle. However, when you buy a car through a car loan, you can’t upgrade as easily because you’ve locked yourself in on the car.

Do you want to have lower payments?

Especially for a startup business having trouble raising the capital, the payments on a lease will normally cost less than what you pay for a car loan. You can save some extra cash this way to raise it for more important things. Buying versus leasing often has different price points in the overall scheme of things for a business.

Do you not want to worry about selling the vehicle? 

Once it’s time to move on to the next vehicle, there’s no time spent worrying about how to sell your car. Instead, the car goes back to the leasing company, and you’re free to pick a better, more updated car. In some cases, you can decide to buy the car at the end of the lease for a fair market price, but you can also leave it as it is.

Do you want to look professional? 

Leasing a luxury vehicle can make you very professional. When you show up to a meeting or onto the job site in a luxury car, that image exudes confidence and professionalism.

There are many reasons why leasing a company vehicle can make sense. If you are looking for more information about this, we encourage you to get in touch with a Pfaff Leasing representative in Calgary, Vancouver, or Toronto.

Click here to find our contact information or speak with a representative.