When it comes to short term car leasing for business, we will always endeavour to give you the most competitive quotes on a variety of short term car leasing deals for your company. However, we know from experience that there is so much more to consider in terms of running a business vehicles and managing drivers. We have therefore developed a Fleet Management Department to address the multitude of business short term car related issues facing our customers. We have over 25 years experience of providing advice to our business customers in the South West and save them time and money when they come to us for their short term business car lease.
Business Benefits of Short Term Car Leasing
Leasing a car for business helps you avoid any unexpected costs by offering a fixed monthly payment, which can typically be anything from a 6 month car lease, 12, 18 or 24 months. These monthly rental lease payments attract VAT where 50% of the finance element is reclaimable and 100% of the VAT for any maintenance payment is reclaimable. The short term vehicle lease payments are also classed as a true business expense so can be wholly offset against corporation tax.
Due to increasing fuel costs, CO2 emission considerations, duty of care commitments, accident management obligations and increasingly complicated fleet related legislation, more and more businesses are turning to short term car leasing. By taking on a business car lease, you can afford a better quality vehicle and make your budget go further without having to worry about your business vehicle depreciating. In addition to this, many companies favour the simplicity of upgrading their business lease vehicle rather than having to sell it privately.
Short Term Car Leasing VAT
Typically, 50% of a business’ VAT payments can be reclaimed on short term business car leases. This rises to the full 100% if the vehicle is used exclusively for business purposes. In addition, if the lease contract includes the provision of maintenance, then 100% of the VAT on that element of the contract can be reclaimed.
Short Term Rental Payments
Rental payments of a short term car rental can be reclaimed as a company expense. This applies to all leased vehicles where the CO2 emission levels are less than 130gm/km. If the CO2 emission levels exceed this figure, 85% of the rental payments can be reclaimed as a business expense. This makes the more environmentally friendly cars, a more financially attractive option.
Enhanced Cash Flow Management
Short term business car leasing deals help organisations with their cash flow management since existing lines of credit remain untouched. Vehicle leasing companies will provide independent funding of the vehicles chosen, through their own funding provider. Short term car rental payments are met from regular cash generated by the business and can be accurately predicted from month to month through cash flow forecasts. Consequently, costs are likely to be much lower than would be the case if the vehicles were bought either outright by the business, or self financed through business loans. This leaves businesses able to invest their working capital into their core business activities which should yield a greater return on investment.
Return of Investment
Business lease and contract vehicles are not included as assets of the business. Thus, the balance sheet will be enhanced by an immediate improvement on Rate of Return as a result of the asset value of the balance sheet being reduced.
The short term car leasing company, to a high degree, take over the day to day administration of the business fleet. This will include management of your service and maintenance, annual Road Fund Licence replacement, purchase and subsequent disposal of fleet vehicles and much more.
At Vehicle Save, we offer businesses the best possible advice when it comes to choosing the right short term car leasing deal. This, coupled with low deposits and low monthly payments, makes Vehicle Save the ideal vehicle leasing partner for your corporate car leasing needs. For more information or a quote, please contact us today or call 01392 474 394.
Why Choose Short Term Car Leasing for your Business?
If your company takes on employees on an initial probationary period you may be uncertain as to exactly how it might work out in the longer term. By taking out a short term business car lease contract, it enables you to take on staff without being tied in to a potentially costly long term business car leasing contract.
Short term leasing for business can be hugely beneficial for new company start ups, where the success of the business is still relatively uncertain. For example, you can initially take out one of the 6 month car leasing deals as a starter whilst monitoring the success of your business. Meanwhile, you're able to provide a practical solution for the transport needs of your business without over committing for the future. When temporary additional business vehicles are required for an existing fleet, a short term corporate car leasing contract can also benefit employers, for example if they are taking on contract workers on short term employment contracts.
A short term business car lease contract can be highly effective in incentivising staff within your organisation. As a reward for delivering strong results, top sales staff, for example, could be rewarded with the opportunity to drive a premium model. This may in turn motivate other employees by showing them that business success is well rewarded by the management.
At certain times, such as attending large conferences and training programs, a high demand for pool vehicles within your company can stretch the capabilities of your pool fleet. A short term business car lease may be a way of solving these issues when the demand arises.
Business Leasing and Management
We provide flexible solutions in all areas of fleet management and vehicle funding to businesses in the South West. We pride ourselves on our commitment to discussing the needs of our customers on an individual basis and in some detail. We believe that it is important to know about you, your business and your drivers so that we give you the best short term business car leasing deal that you need, not what we think you might need. We understand that all businesses from SME's to larger plc organisations have differing needs and will seek flexibility. We will deliver relevant, cost effective solutions to match your specific requirements.
We will carry out a comprehensive review of all aspects of how vehicles impact on your business and how business car leasing can improve your business cost. Our review will focus on matters such as Vehicle Acquisition/Sourcing Vehicle Funding, Car/Van Policy, Maintenance, Vehicle Disposal, and Liability/Risk among others. In short, we are confident that we can save you time, money, and make life easier for you. Let us come and discuss your business car leasing requirements in more detail before making any fleet decisions. If you are a customer, you already know what we do. If you are not and would like us to talk to you about saving time, money and making your life easier when it comes to short term business leasing please call us now to make an appointment; 01392 474 394.
Which is the Right Car Lease Deal for you?
Vehicle Save's advanced search facility enables you to choose your preferred vehicle for short term car leasing. The facility enables you to choose the number of seats, the transmission (manual/automatic/semi-automatic), model and fuel type.
Contract Hire with Low Emissions
If you are looking for a short term car rental with the lowest CO2 or Combined MPG, our advanced search criteria enables you to prioritise your search, to display the lowest polluting or most fuel efficient vehicle available.