Benefits of Leasing an Accessible Vehicle
Depending on your business structure and goals, leasing a vehicle is an option worth exploring. How does your organization prefer to pay for your accessible van? Leasing is a great option for those organizations who replace their vehicle(s) every two to five years with an upgraded model. There are also benefits for those businesses who want a lower monthly payment, protection against warranty, and have the means to properly maintain their accessible vehicle(s).
What are the Advantages of Leasing an Accessible Vehicle?
Lower monthly payments; you are only paying for the depreciation that occurs during the term of your lease and your monthly payments are lower with a lease compared to purchasing the vehicle. The payments are smaller with leasing due to the contract including a residual value at the end of the term and you pay on a monthly basis until the balance reaches the residual value.
Warranty Coverage and Maintenance
If you incur a lot of mileage every month on your vehicle(s), it will be covered by the manufacturer’s warranty for the total number of years you are driving the leased vehicle. Leases typically range from two to five years, so you do not have to worry about the cost of expensive repairs that often add up in your ongoing monthly operating costs. In other words, having fewer unpredictable service issues means less headaches sending vehicle(s) in for repairs, resulting in not only less downtime for your business, but at a lower cost of operation.
What to do when your Lease is up?
Simply return to the dealership, and you can walk away after paying any mileage surplus or excess fees. Most people will actually drive off with another newer accessible van to lease. The advantage to leasing is the peace of mind and not worrying about the hassle of selling your old van or trading it at a dealership.
Leasing your vehicle through MoveMobility means that your lease payments are 100 percent tax deductible as an operating expense. That’s huge savings in tax dollars.
Traditional car payments often tell you to make a hefty down payment. This is helpful in that it will result in lower monthly payments when buying your accessible vehicle.
Leasing a vehicle has a smaller down payment versus when you buy. Some leases require no down payments at all.
Leasing an accessible vehicle gives you the vehicle you want for less money. It’s ultimately up to your needs and what best fits your needs.
Only you can decide if leasing is the best option. Find out more about wheelchair van Commercial Leasing options: Click Here!
You can also check out the Government of Canada website to calculate the leasing price for your next accessible vehicle: Click Here!