Company Car Leasing: Advantages & Disadvantages
When considering a company vehicle, owners may consider leasing the car rather than buying it outright. Buying a vehicle outright can be a costly venture, and has the potential to become a failed investment. Leasing a company vehicle offers a number of advantages over buying one, yet considerations should be made, as there are also disadvantages.
Advantages
Leasing a company car will initially cost less money than purchasing a vehicle. While it varies for each dealership, outright buying a vehicle will typically require a down payment, while leasing a vehicle will usually require a security deposit, and one month payment in advance.