Small Business Owners Should Know About The Benefits of Leasing a Car in Manila
by Dillon Patterson Article PublisherLuxury car leasing is a way for
small companies to use top-notch premium cars for business purposes but with
lower monthly payments and cost savings over a contract period - typically one
to four years. Additionally, there will be an agreed annual mileage for the
lease period. In addition to an initial down payment, you pay a monthly lease
amount. At the end of the lease period, you hand over the car and get a new
luxury vehicle on lease again.
So, if you are wondering if a car
lease in Manila, Philippines is the right choice, here's what you should
know.
Use a Luxury Car without Affecting
Your Bottom line
For a small business, purchasing a
prestige car outright can badly hit the cash flow. On the company's balance
sheet, this will reflect as a bulk liability which can also affect the ability
to get more lines of credit in the future. This can significantly affect the
company's bottom line.
On the contrary, a prestige car
lease requires substantially lesser money to be invested upfront and enables
you to take into consideration a fixed cost for a pre-agreed period of time.
That means your cash flow will not get stretched by having to pay thousands of
pounds right away. The balance sheet will look cleaner and you will have more
money on hand to help your business grow.
Drive a New Luxury Car Every Year
Why spend hefty money on a vehicle
whose value will continue to depreciate over time? Rent luxury cars and you will get the
fantastic opportunity to ride a new premium car every 12 months. From Mercedes
to Audi, from Nissan to Porsche, Bentley, Lamborghini, Rolls Royce or Range
Rover - the variety of models to choose from is simply impeccable. At the end
of the lease period, simply return the car and get another one with a new lease
agreement.
Tax Savings
Owning a luxury car holds immense
pride but at the same time, brings with it additional costs and hassles for
your small business. One of these extra expenses includes paying hefty taxes
every year. This can be a huge liability for companies with limited capital.
But when you join a car lease
program for businesses, you would need to pay a fixed monthly lease amount and
the fuel cost. Most of the time, this amount is 100% tax-deductible. Under the
VAT scheme, lease amounts enjoy up to 50% deductions. And more tax savings will
mean more money to leverage for your business.
Create a Lasting Impression
In today's competitive business
environment, it is challenging for small companies to cut an edge. Arriving in
matchless style to special occasions like business conferences or corporate
events can make heads turn in awe and create a strong first impression. You
will be regarded among the elites and this can go a long way in growing your
business.
Ensure Improved Safety of Your
Employees & Better Fuel Economy
With a luxury car lease in Manila Philippines, your business and
people can benefit from the safety, reliability and unmatched fuel economy of
using the latest makes and models. These premium cars come with high standards
of safety features and other amenities that you and your employees can benefit
from when travelling for business purposes.
Enjoy Attractive Corporate Car
Leasing Offers
Many good car leasing companies
offer attractive discounts and special offers on luxury car leasing for
businesses in Manila, Philippines. This can further help you save more money on
car leasing.
Minimal Hassles of Driving a Luxury
Car
Another factor that small businesses
should take into account is the minimalist hassle involved with car leasing for
their daily purpose. When you lease a luxury car in Manila, the responsibility of
maintenance and repairs lies with the leasing agency. All the vehicles undergo
strict inspection and periodic maintenance to ensure utmost safety, comfort and
reliability before they are handed over to the client.
Additionally, you do not need to
take the hassles of selling the car, that too with a depreciating value. Once
the lease period ends, simply return the car and start a new lease agreement
with another luxury car.
Conclusion
To sum up, small companies opting
for prestige car lease enjoy the freedom to use the leased cars for business or
personal use but without breaking the bank. It is definitely your best bet if
you want to travel in style but without breaking the bank. Top leasing
companies have come up with exciting plans that offer you your favourite cars
on lease for twelve-month period. Unlike the conventional payment options, you
can keep the chosen car for a more extended period of time.
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Created on Nov 11th 2021 09:28. Viewed 331 times.