Which Is Better - Company Lease or Personal Lease?

Leasing and renting have become a massive business these days to deal with cars, vans and vehicles. They come at reasonable rates and instalments that are light on the wallet and affordable for convenience. Many mediocre and even rich class businessmen opt for leasing vehicles due to their benefits and easy dealing procedure. What attracts people the most is how they can get a brand new vehicle for a time in need. The cheap car leasing UK deals and car packages hit the market by the end of the year months.

The Personal Lease

You choose a car of your choice, and you sign the document for a fixed monthly instalment. You can purchase the vehicle at the end of the lease or go for a new one. It is cheaper in a way when you cannot afford a car, but there is some amount that gets left per month, you can spend it on a car. There is a down payment and few advance payments to get involved in personally. You will need to pay taxes, and if the mileage limit increases, then the extra charge. You can lease a car for as long as you want, paying for it per month, almost like renting an apartment.

The Company Lease

This is mostly for the businessmen's car contracts and sometimes for employee benefits. Also known as the business lease, the company provides the car expenses. There are down payments, just like personal leases; however, there is a reduced amount of tax on that leased car. On repair, damage and excessive mileage use, the company pay for them. The lease can last from a year minimum to 6 years maximum. Employees benefit from such business car leases and can afford to have a car.

The Better Option

They say company leases are always a better option if you lease a car from a VAT registered brand. This is an important factor to ponder n, as it can give you exactly half the price of tax you paid back. Some companies provide leased cars to their employees for business reasons for weekdays, and if the employee proves that the car is only for business use, then he can get the full price of the lease payments of the month back in his wallet.

There is another positive point for business lease cars as the lease company does not take 50% (half) of the monthly payment if the employee proves the assumption of concession based on using the car equally for personal and company use. This is the major positive aspect of leasing cars from your Business Company.

Conclusion

Leasing has its pros and cons, but an employee working smart and fast may achieve good deals at perfect times with tricky methodology. It takes dealing with the dealer, or else they show you the positive outcome, leaving out the negative aspects from the deal. DO your research and work accordingly. Going for lease unprepared is close to being slaughtered. This was all about car leasing through business lease as it is profitable and reasonable on budget.

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