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Don't Buy A Car Lease It

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Don't Buy A Car Lease It

By: Bill Weston

Are you self-employed? Are you considering buying a new car? Not so fast! You might want to take a second and read about the benefits of company car leasing.

Self-employed workers will find that the lease rental is treated as an expense which enables people in this situation to earn tax benefits. This is contrasting to the fact that if you are fully employed you will not be able to access these financial benefits.

For self-employed workers they will gain from expense benefits and also from the fact that if they were to purchase the vehicle they would lose out on the depreciation of its value.

Another advantage to car leasing is how much you benefit from a hassle free life. The leasing company can take care of your worries when it comes to repairs and maintenance. They will be able to assist you in a pick-up and drop off facility allowing the vehicle to be fixed without any extra cost or fuss. The additional assistance really does make a difference to your life as you don't have to worry about taking time off work or finishing early in order to get your car into the garage for repairs. On top of that, you will receive a replacement vehicle whilst your car is in the shop for repairs. This enables you to carry on with work or life without it being disrupted by vehicle faults. Furthermore, all these costs are all covered under your car leasing agreement.

For those of you who are not too familiar with company car leasing, there are two different types of leasing contracts. The first way, is to use an operational leasing program where you have to simply pay for fuel costs and leave all the other hassles to the vehicle provider. The other option is to purchase the vehicle.

If you were to compare the two financing options of renting or monthly instalments you will find that the figures are quite similar. Obviously, this depends on the rate of interest you are making payments, but what can be highlighted is that leasing incorporates those extra maintenance costs that were mentioned earlier.

Finally, it is important to understand how the rental leasing prices are calculated. There are a number of factors which come into play such as the vehicles age, mileage, accident management, services, insurance etc.

If you have decided that this option is for you, remember just one thing, be careful not to exceed the mileage stipulated in the agreement as you will incur additional costs.

Article Source: http://articles.tiptopweb.info

Bill Weston writes on a number of subjects including company car leasing. For more information please see: www.alternativeroutefinance.co.uk/

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