Pick Up Truck Leasing - The Smart Option For The Savvy Businessman |
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Lenny Marie Conley
28 December 2012
A pick-up truck is often the vehicle of choice among many adult males, especially those who own a business. While sports cars and SUVs often project the image of luxury, the pick-up, on the other hand, is observed to have a very manly quality. It makes a great personal choice while being a very smart option for a business as well.
While not as insanely expensive as flashy coupes or hulking SUVs, a pick-up truck usually still requires you to dole out a pretty penny to go home with you. "Usually" is the operative word, however. If you want a more practical route to having a pick-up for your use, consider pick up truck leasing instead of outright purchase.
There are actually many advantages to renting, if you consider it from a business point of view. For instance, leasing means that you can use a brand new truck for a certain length of time; at the end of that period, you are not saddled with an older model car that you have to sell at a much lower value in order to finance the purchase of a new model. On the other hand, if at the end of the contract, you feel like continuing with the lease or moving on to the lease of a newer model, both options are available to you. In fact, should you wish to, you can even purchase the unit you were renting. The terms are definitely more flexible.
If you lease, you're not as limited in your choices as when you're buying. You can choose to do a Nissan Navara leasing, a Toyota Hilux leasing, a Ford Ranger leasing, etc. The options are generally more varied. This is also evident in the payment solutions. The financing program can be customized to suit your budget. Some leases are paid off month-to-month, while others, year-to-year. Stepped payment programs are also available in many cases, with the payments starting off smaller allowing the lessee's cashflow to rise instead of having most of it spent on paying for the lease. Some lessors even offer deferred payment programs to customers who experience slow business months.
If you're not yet convinced of the virtues of leasing, another advantage is the repair clause. Leases usually come with maintenance packages that include repairs and other services. If you're leasing for your business, then this is an important consideration. That's a huge advantage considering the cost of maintaining a vehicle. For businesses, however, an even bigger advantage is the fact that vehicle leases are considered a tax-deductible overhead expense.
At the end of the day, businesses have to go with the practical option. Leasing is definitely that on so many counts.