Lease A Car as A Fully Maintained Lease
When you lease a car has several advantages; the most important being that you can drive the latest models without having to pay a fortune up front to buy them. For businesses and institutions leasing is a good way to manage travel expenditure without making the investment of buying company cars.
A fully maintained car lease offers a business or individual the use of the car for the period of the lease with payments for maintenance of the vehicle already covered. On the other hand if a company or a person were to own a car, its maintenance and servicing would be their primary responsibility. A fully maintained lease has several advantages and in fact may be the reason that you choose to lease a car.
Advantages of a Fully Maintained Lease
• The maintenance of the car is covered which can include regular servicing and tyres, and you don’t have to worry about it. So the car is in great working condition for you, all the time. There is a limit normally set but this can be arranged when structuring your fully maintained car lease.
• Some packages can include some or all your petrol expense.
• The fully maintained lease ensures that servicing is available for the car within the state and also when the car is going outside state boundaries. This is wonderful for companies that require cars for frequent out of state business trips.
• The leasing company may take care of the car insurance cover for the car.
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A fully maintained car lease is an excellent choice for businesses and organizations. Businesses can allow for only one payment each month covering all expenses. Also this is a great way to account for the payments due for the cars with the expense noted on your profit and loss and but no liability shown on your balance sheet. The payments for a car lease are fixed and hence make them easy to account for.
Lease Costs
Aside from the cost of the car purchase the car lease repayments are normally dependant on how many km's you wish to allow for each year. This will determine an estimation of services, tyres, and if included petrol costs that are covered. Excess distance traveled is not covered.
