FOR years now, you might have been just fine without a car for your business.
After all, the employees have their own vehicles, and no complaints have come to fruition.
However, after your most recent assessment of the company’s needs, you have decided that you need to lease a business car .
What do you need to keep in mind?
Discuss your budget with the finance department
Depending upon the size of your business, you might have your own financial advisers on staff.
If you do, discussing the budget with them is very important. Remember, you hired these team members because of their expertise in finances. This situation is one where you should put these skills to good use.
While the company car definitely needs to be a safe and secure vehicle, you do not necessarily have to purchase the most expensive car on the market. The car should not make your company go bankrupt.
Consider the short and long term needs
Evaluating both the short and long term plans for this car is necessary.
Business car leasing agreements will usually last for 36 months or so. As a result, you should consider if the agreement is going to cover the amount of time for which you need the car.
Negotiating the terms of the lease may be something you have to do at the initial consultations with the dealership. Of course, you must also determine if the car is going to be able to grow with the company over the next few years.
Do you have a car leasing question?