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Frequently Asked Questions
Business auto leasing
Business auto leasing can be a great benefit for both individuals and companies. At Access, we have worked with both end-users and companies, helping them to secure leases that work with their budgets. There are many advantages to business auto leasing, and also commercial truck leasing, and it might just be an excellent strategy for you.
A lease negates the cash outflow, since you no longer have to come up with the purchase price. Rather than dip into your credit line or cash, you arrange for a monthly lease payment that works within your budget. A lease payment will not affect your available credit in the same way that borrowing will, and most lease payments are fully tax deductible.
Purchasing a vehicle also introduces a depreciating asset into your business. And even if it takes 5 years or longer to pay off that vehicle, the odds are it will be worth a lot less by the time you make that last payment. Plus, you are then left with an out of date vehicle, which is no longer under warranty. With a lease, you can walk away from the vehicle when the lease expires, allowing you to lease a new vehicle. But if you want to keep the vehicle, no problem. A lease purchase option can be built into the contract, meaning you can buy out the vehicle at the end of the lease at a reduced price.
In addition to tax savings and maintenance costs, business auto leasing offers your company a competitive advantage. If your vehicle is industry-specific, then being able to update every few years might be the difference between expanding or contracting your operation. And if you run a smaller operation, a lot of people like to drive newer vehicles to radiate success and confidence to their clients. After all, nobody wants to be picked up by a CEO driving a ten year old car.
Access Equipment Leasing & the customized lease
Business auto leasing through Access Equipment Leasing
has worked for many of our clients in the past, many of whom are repeat
clients. We would love to get started working on your needs, so why not
call today? Also, check out our other vehicle leasing programs.
Access Equipment Leasing3972 Barranca Pkwy
Call Toll Free: 1-866-546-8258