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Leasing a New Van is Good for Business

By Edited Apr 19, 2016 0 1

Why leasing a new van is good for business in a lot of ways. If you are looking to keep your operational costs down then leasing may be the best option for your business, regardless of the size of your business.

When you lease a new van you can generally get the van with a smaller down payment then if you were buying the van outright. By paying less of a down payment you will free up more of your capitol and be able to invest that directly back into your business to promote growth.

Leasing a new van will allow your payments to be more flexible. You can decide how much is affordable to you and your business and then negotiate lease terms that are amicable to both parties.

One of the best reasons to lease a new van as opposed to buying a new van is for the tax benefits. You will have a lot of tax benefits by leasing your van instead of buying the van outright. The tax implications and write offs you can potentially receive by leasing can be an astronomical boost to your company's bottom line.

Another often under looked benefit of leasing is that you can either purchase the van outright at the end of the lease, or you can get a new lease and a new van. If you company is going to expand, then you can easily build up a fleet of vans for much less money than purchasing the fleet of vans.

Affordable van leasing terms makes leasing a very smart option for any company that wants to build up a fleet of vans. Leasing allows you to grow slow and only expand when you are comfortable. If you feel comfortable and want to lease multiple vans to rapidly build up your fleet, then you can get very friendly leasing options.

Most companies only expand to another van when their business is booming. If you are selling a lot of products and your van cannot keep up with the workload then you need to buy or lease another van in order to keep your business busy. If you van is always behind on schedules then you will lose business.

If you have one delivery van that has a route of say 100 customers, then a second van can allow you to have around 200 customers total. Each van you lease can expand your business, but you only need to lease a van when you need to.

Tax write-offs, lower down payments costs, and flexible payment options make leasing a van a more economical choice to purchasing.

If you need a van for your business then shop around and talk with your accountant. Many business owners decide that leasing a van is much cheaper than purchasing a van for their business. The tax write offs for leasing a company van are pleasant surprises to many business owners who have never leased a vehicle before. As a business owner you need to preserve the bottom line and leasing you company vans is a great way to do that.

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Comments

Oct 8, 2010 11:43pm
PihPanda
Good article Ernie, however for a fair article you should include a few disadvantages....Leasing can also be misleading!!
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