Benefits of Car Leasing in Los Angeles

Benefits of Car Leasing in Los Angeles

Why is Car Leasing So Popular?

One of the primary benefits of car leasing in Los Angeles is being able to avoid the high depreciation rates that affect most vehicles these days. This is why it has become more and more popular for business and individuals to lease a car or van instead of buying.

After three years, most vehicles end up being worth 30-50% of their purchase price. This is a huge loss of value and capital for the owners of these vehicles.

Another one of the benefits of car leasing in Los Angeles is that it is very cost-effective. This is especially true when car leasing companies have special promotions or limited-time offers. During these offers, the cost of the lease over the contract period is usually less than the depreciation cost over that lease period.

Benefits of Car Leasing in Los Angeles

1. Fixed Monthly Payments: easy budgeting for transportation costs.
2. Included Maintenance and Servicing Costs
3. Included Road Tax
4. Low Initial Outlay
5. Ability to Afford Newer Car
6. No Depreciation Worries
7. No Need to Dispose of a Used Vehicle
8. Free Delivery and Collection of the New Lease Car
9. Ability to Hand Car in Without Further Commitment
10. Flexibility to Extend Lease
11. Ability to Purchase New Lease Car

Additional Benefits of Car Leasing in Los Angeles for Businesses

1. Up to 100% Tax Relief Available on Lease Payments
2. Ability to Claim 50% of VAT Back for VAT Registered Vehicles
3. Reduced Administrative Costs
4. Improved Cash Flow through Low Initial Outlay
5. Fleet Management and Accident Management Services Available

With all of the benefits of car leasing listed above, it is no wonder the practice has become so popular these days.