What are my vehicle funding options?
An operating lease is one of the most commonly used methods of sourcing business vehicles, but there are other financing options that may better suit your organisation’s needs.
A fully maintained operating lease is a popular vehicle funding method for businesses due to its budgeting benefits, convenience and flexibility.
But what is it, and how does it work?
What is an operating lease?
Did you know that leasing can be a cost-effective solution to growing your business?
Providing your employees with the business vehicles they need to get the job done can be an expensive, but important investment. In many cases purchasing a new vehicle can mean a large lump sum payment that you’d probably rather not have to make.
Acquiring new assets for your business, including cars, is a major financial commitment.
‘Sale and Leaseback’ is a way of liquifying the capital you have tied up in your vehicles so you can invest back into your business and generate growth.
The difference between vehicle lease types can be confusing concepts to understand at the best of times. However, by understanding these different types of leases we can start to remove the confusion around what can be valuable business tools.