Car Leasing Tips to Make the Most of Your Money

Signing up for a lease on a vehicle for your business or work can help keep your business overheads in check. However, it can be costly if you don’t study your lease or make the most of it. Here are some car leasing tips to remember:

Make sure you know everything about the offer.

Don’t focus only on the monthly payments and interests. When you add the total up with the maintenance expenses of the car, you may end up paying what you can’t afford. Leasing would also have limits in terms of years or number of kilometres. Make sure you stay within these limits to avoid extra fees, or find out if the terms of your lease can be extended. Continue reading

Car Lease in Melbourne – Types and Benefits

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

Financing Option: Finance Lease

A finance or capital lease is probably the most upfront leasing option. As explained by Export Finance, finance leases are used in the manufacture of equipment for export. A leasing company buys the equipment you make, then leases it out to an overseas buyer. At the end of the leasing period, the buyer may purchase the equipment by paying for its residual value.

Here’s how a typical financial lease system works. Continue reading

Lease Options: Operating and Finance Lease

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