Corporate leasing information
Corporate leasing is a viable option in case you have a business that operates with the help of cars and cannot prosper without them. Whether the need is for luxury cars, large delivery vans or a lot of vehicles to support the sales, corporate leasing is a practical option that you can and should use to obtain the vehicles that you need. But first let’s see the basics:
Leasing – the definition of leasing is that you will have a business agreement with another company to use their vehicle for a certain period of time. The leaser (or the owner of that vehicle) will provide you with the vehicle for your needs in case you have provided the down payment and have signed the leasing contract with them. Most vehicles are a subject to leasing, but there are some exceptions. Anyways, for the needs of a business, all the useful vehicles are available to lease. This includes vans, trucks, cars, limousines, shuttle service vehicles and busses. In case you are interested in corporate leasing (erhvervsleasing in Danish) for a larger amount of vehicles then it is highly probable that there are going to be certain discounts. The corporate leasing plan will be accommodated to your business and you will surely get lower payments for the lease, the option to choose the period, reduced down payments or a reduction of the fees that you will get once the leasing is over.
The advantages that corporate leasing offers
When it comes to leasing, it has certain advantages that might be preferable over the other options to get a car or cars. The first benefit of corporate leasing and leasing at all is that the maintenance of the vehicle should not be paid for. In case there are issues with the car and it needs repairs, you won’t need to pay for it from your business capital, but rather bring the car back to the dealer where it will get fixed. Also, in case you need a large number of vehicles, getting them on a lease will be a lot cheaper than paying to buy each vehicle which will mean that in the end you will end up saving more while getting the same thing. When the corporate leasing period (usually three years) is over, you will have the option to retain the vehicle or turn it in to the dealer and choose to lease a new one.
Disadvantages of corporate leasing
Sadly, there are certain tax-related disadvantages that come with corporate leasing. First of all, leased vehicles aren’t considered as an asset, so depreciation for tax purposes cannot be written off. Also, there are the tax issues when it comes to the mileage amount as well as the vehicle number. Insurance is also something that you still need to pay for all vehicles. In the end corporate leasing is a great option for having a car, but it isn’t the ultimate best. Consider the needs of your business carefully and purchase the vehicles accordingly.
If you want you can read more about corporate leasing (regler for erhvervs leasing we say in Danish) if you follow the link.
Leasing – the definition of leasing is that you will have a business agreement with another company to use their vehicle for a certain period of time. The leaser (or the owner of that vehicle) will provide you with the vehicle for your needs in case you have provided the down payment and have signed the leasing contract with them. Most vehicles are a subject to leasing, but there are some exceptions. Anyways, for the needs of a business, all the useful vehicles are available to lease. This includes vans, trucks, cars, limousines, shuttle service vehicles and busses. In case you are interested in corporate leasing (erhvervsleasing in Danish) for a larger amount of vehicles then it is highly probable that there are going to be certain discounts. The corporate leasing plan will be accommodated to your business and you will surely get lower payments for the lease, the option to choose the period, reduced down payments or a reduction of the fees that you will get once the leasing is over.
The advantages that corporate leasing offers
When it comes to leasing, it has certain advantages that might be preferable over the other options to get a car or cars. The first benefit of corporate leasing and leasing at all is that the maintenance of the vehicle should not be paid for. In case there are issues with the car and it needs repairs, you won’t need to pay for it from your business capital, but rather bring the car back to the dealer where it will get fixed. Also, in case you need a large number of vehicles, getting them on a lease will be a lot cheaper than paying to buy each vehicle which will mean that in the end you will end up saving more while getting the same thing. When the corporate leasing period (usually three years) is over, you will have the option to retain the vehicle or turn it in to the dealer and choose to lease a new one.
Disadvantages of corporate leasing
Sadly, there are certain tax-related disadvantages that come with corporate leasing. First of all, leased vehicles aren’t considered as an asset, so depreciation for tax purposes cannot be written off. Also, there are the tax issues when it comes to the mileage amount as well as the vehicle number. Insurance is also something that you still need to pay for all vehicles. In the end corporate leasing is a great option for having a car, but it isn’t the ultimate best. Consider the needs of your business carefully and purchase the vehicles accordingly.
If you want you can read more about corporate leasing (regler for erhvervs leasing we say in Danish) if you follow the link.