Business Tips

The Major Benefits of Leasing a Vehicle for Your Business

Various major benefits of leasing a car in your business
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54% of small business owners need to use their cars, vans, or trucks to conduct business or serve customers, according to a recent Manta survey.

You might think that only established companies can substantiate leasing cars, but in reality, it brings significant financial advantage to startup businesses as well.

This is primarily because by leasing a vehicle, you are spreading the cost associated with using cars. Access to lease company vehicles gives you the flexibility to support your operations and your employees in many ways while keeping track of what the activity is costing you.

Additionally, leasing means that someone else is helping you deal with all decisions and dynamics that relate to car ownership, which translates to more business time for you.

Transporting Workers, Customers and Making Deliveries

Essentially, your business has its taxi parked outside, meaning that your employees can safely get home when public means is not an option. This actively creates time and improves your team’s confidence and safety.

An example is when you are in the catering industry, and you have to fetch employees because they are working late at night. Similarly, you might require to pick valued guests from the airport, which would raise their trust in your services. Knowing that you have a vehicle for the same helps to create the right impression.

Furthermore, a car helps when you have to cover a lot of miles to deliver products to customers. Even if delivery is not a major part of your operation, sometimes a vehicle would be handy to get something to your customers when they need it really fast.

Helps to Increase Sales and Reliability

While providing company cars for your sales team is vital, leasing helps to take off some of the strain, allowing you to concentrate on business growth. You can focus on increasing sales, safe in the knowledge that your drivers have the right papers to be driving around.

Combining lease cars with fuel cards can also help you to lay the constraints of logistics behind you. Also, when seeking to lease a vehicle, you have many options and can easily change as opposed to buying one. Therefore, you are less likely to fall prey to cars that break down after minimal usage.

Remember that other factors such as carbon dioxide emissions and performance features also come into play. As such, you need to conduct proper research before settling for a solid lease deal that can boost your business growth in the long run.

Any business, whether established or a startup, needs a vehicle around to help with the company logistics. Leasing a car allows you to achieve this without having the means to buy it.

It makes your budgeting easier because all costs are usually included, which means you do not have to worry about maintenance and repair costs.

Though leasing makes sound financial sense, it may be uneconomical if your business involves a lot of driving because most lease companies make it overly expensive if annual mileage exceeds about 15000, depending on the terms of the lease.

 

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Emenike Emmanuel
I am a multiple Award-winning blogger, CEO of Entrepreneur Business Blog, Chief Evangelist of Ebusinessroom Ventures, Lead Coach of The Excellent Entrepreneurs' Network (TEEN) and Convenor of #NaijaSitUp. My business is to help you start, manage and grow a profitable and sustainable business using digital marketing strategies. I have been featured and mentioned on platforms like, BloggingTips, StarterStory, StatusBrew, Realty Times, Emerald TV, SmartBCamp, Blogging from Paradise, Write Worldwide, Enterprise Boom, Atang Magazine, etc. In 2019, my blog won the Best Digital Media Award from AB Afrikpreneur. When you want to hire a professional to handle your online marketing, I'm your go-to-expert you can speak to. In 2019, I won the Blogger of the Year from the Global Excellence in Marketing Awards, USA and my brainchild, EBB won the Best Digital Media Award at the AB Afrikpreneur Awards. You can connect with me on Facebook, Twitter, Instagram, Pinterest and LinkedIn with this handle, @EmenikeNg

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2 Comments

  1. Hi Emenike,

    Good post. Leasing your business vehicle certainly looks like a good deal. It relieves you additional responsibilities you might have if you buy a vehicle. Leasing a vehicle allows you more time to concentrate on your core things and take the business forward.

    Thanks for sharing, have a good day. 🙂

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