Car Rental or Buying “Pros” and “Cons”
If the recent past the conventional belief of prestige was buying a company car, now the trend has definitely changed drastically. A large number of companies are now choosing to rent cars instead to acquire ownership.
Renting a car in most cases allows us to feel much more flexible and confident. In the case of expanding or narrowing or changes in the business focus, the company is always able to easily and quickly replace rental cars that meet the new requirements and goals. In the case of purchased cars this process is likely to be extended for an indefinite period due to the necessity of selling, and can hardly take the right price.
In the case of rental, we do not owe anything to anyone. Monthly payments are recognized as 100% expense of the company, no matter the type of rental car you use. We can easily update their fleet, thus to protect it from aging. It does not block financial resources too quickly exhausted due to the rapid and efficient market depreciation of cars. Depending on the options included in the lease agreement, monthly payments can easily be adjusted in our budget and in most cases are lower than other forms of financing. At the same time provides an opportunity to acquire a ownership of residual value after expiry of the contract..
We save many administrative costs and liabilities. We are exempt from the commitment to monitor insurances, damages, taxes, vignettes, servicing and maintenance of the car, etc. This also completely saves the staff costs, that would be involved in these activities.
And last but not least as a privilege of the lease to purchase the option to is replacement vehicle. Thus will no longer comply with the car's commitments and we will always be mobile, with a decent and corresponding to our requirements car. Without taking away our time and resources.