Leasing a company car vs buying one is a vexed question for many small business owners. Growth Business offers the pros and cons of leasing vs buying.
We all know that the moment you drive your brand-spanking new car off the car dealer forecourt, it loses value. According to the RMI, a new car drops in value anything between 15-30 per cent when you hit the road.
So, given that you’ve jumped through all the hoops of setting up your limited business, wouldn’t it make more sense to lease your motor car?
Leasing versus buying a company car is a vexed question for small business owners.
Most of us are pretty familiar with buying a new car outright, but leasing is still unfamiliar territory to some, despite its growth in Britain.