If you own a business that would need the use of vehicles to go from point A to point B, you might be wondering now whether to lease the cars or not. There are two kinds of car leases—the financial lease and the novated lease. The former is a straight-up renting of the vehicles where you take full charge of your fleet’s maintenance. The latter involves having a company lease a vehicle on your behalf, if you’re an employee, where that company takes all the responsibilities such a lease entails. Continue reading
Not all companies have the funds to purchase and maintain the vehicles and/or equipment they need for a long period of time. This is the biggest reason why many businesses work with reputable finance agencies and lease these assets rather than buy them directly. There are two main lease options that companies can choose from, either of which can serve them well, depending on their operations. Continue reading
Novated leases are becoming more popular because of their flexibility and the benefits they offer. For the beginner, a novated lease is a three-way agreement between the lessee, his/her employer and a company that offers a car lease. Like any other agreement, it is surrounded by several misconceptions. Here are some of them.
You need to buy a new car
This is not true on most occasions, as numerous cases have proven that used cars are still acceptable—provided that they’re no more than 8 years old at the end of a lease. Of course, there are still special exceptions bound to circumstances specific only to selected parties. Continue reading
A good transportation for employees is tantamount to high productivity. If employees can start performing their daily duties early or on time, downtime will be lessened. This is the reason why a lot of business owners are investing on transportation for their employees. One option they are looking at is the popular ridesharing business, Uber, which can provide services to companies. Uber’s “Uber for Business” service can potentially help companies save more in the long run. Continue reading