Fleet Leasing
provides the option of giving employees a company car that he or she can use in order to work better and with more efficiency.
If your company is thinking of getting multiple cars, there are a lot of options for you to choose from. Obviously, the trick is to find the options that will provide the best overall effect on your budget. If you have quite a few cars, you may want to look into a vehicle fleet management system. Often, it is better to divide the cost and pay it on a monthly basis and be able to simply write off the expense on your taxes rather than having to amortize the price of the fleet over several years . Many leasing companies offer fleet leasing and they provide you with plenty of options so that you can tailor the terms so that they best suit your budget needs.
Just Over Half of All Company Fleets are Leased
Approximately 51% of all commercial vehicles in the United States are leased. Fleet leasing is similar to a long term rental or regular car lease but has some differences. As with a personal lease, under a fleet leasing contract, the company is not the owner of the car, the car is owned by the leasing company that is providing the leasing service. In other words, the leasing company (Lessor) rents the cars to the lessee for the term of the lease. However, the process of leasing a commercial vehicle is slightly different from leasing a personal car.
With a personal car lease, at the end of the lease term, the lessee has the option of buying the car or paying any mileage overage and returning the car to the lease company.