Wheelchair Van Leasing in the Current Environment
We can appreciate that this time of uncertainty may cause your organization to hesitate purchasing new accessible vehicles. If your organization needs to replace or add a mobility vehicle but you are concerned about funding or potential changes to your program, then you may wish to explore wheelchair van leasing.
Based on the current climate, there are five reasons that may make now the best time to lease your next wheelchair accessible vehicle.
Record low interest rates
With some of the lowest rates in over eight years (4.5% – 5.5%) these reduced interest rates substantially lower monthly payments.
Leasing means less budget upfront
Lease contracts are available with little and in some cases, no money down.
Shorter commitment
It is hard to know what the next few years will to bring. Being worried about funding or changes to programming can make the purchase of a vehicle less appealing. To combat this uncertainty, many are looking to affordable two- or three-year lease agreements.
Depreciation protection
Vehicles are in short supply currently, which has been driving prices up. Some are concerned that once this supply issue is resolved, there will be a sudden and steep drop in their vehicle’s value. Leasing protects against this if the value drops – it’s the lessor’s issue, not yours. On the flip side, if the value of the vehicle is higher than anticipated at the end of the lease, you have the option to buy the vehicle out.
Tax benefits
A leased vehicle is 100% tax deductible as an operating expense, realizing significant savings to your organization.
If you would like to learn more or to find out if leasing is right for your organization, please feel free to reach out to us at 844-951-3808 or using the button below.
