Business Car Leasing in Los Angeles

Business Car Leasing in Los Angeles

Whether you have a long commute to work or your job requires commuting all over the country, you need a business car. A car designated for business use is a reliable option for transportation. It will also give you the independence to go anywhere you please at any time.

Traveling for Work with a Business Car

If you are going to travel in the near future for business, it is to your benefit to lease a car. Business car leasing in Los Angeles will enable you to have a brand new car with the latest features for your business needs. If you lease a car through a business, you will have the peace of mind of a reliable vehicle taking you where you need to go.

As with a regular car lease, you credit will be considered before being approved for a business car lease. The monthly lease payments for business car leasing in Los Angeles can be counted as a business expense for tax purposes. If you take out a maintenance contract in addition to your business car lease, all of the VAT paid on the lease will be reclaimable.

How Does Business Car Leasing Work?

Once your credit is approved through your business account, you will need to pay a security deposit. Then, once all paperwork has been completed and signed, the delivery date will be set. You will then need to pay the initial payment on the business car lease.

Like most personal car leases, the initial payment of a business car lease can be 3, 6, or 9 times the monthly payment amount. The servicing of the vehicle will depend on the length of the contract. You will not need to worry about a Ministry of Transport (MOT) test unless you have a four year contract, as the MOT is required only after the third year. If you decide to take out a maintenance contract in addition to your business car lease, any services, MOT tests, and wear and tear will be covered within the maintenance contract.

Benefits of Business Car Leasing

Many people do not realize that first impressions can be very important when it comes to business. Business car leasing in Los Angeles will help you make an excellent first impression with a professional, new car. It goes without saying that when you pull up to a business meeting in a new and expensive car, you will be seen as a successful business man or woman. This will make you more “important” and allow you to leave a memorable impression.

As mentioned above, leasing a business car will allow you to be covered by certain business expenses. This will cut down the overall cost of your transportation expenses.

Cons of Business Car Leasing

There are always pros and cons when it comes to making any decision. A disadvantage of business car leasing is that the vehicle is not considered an asset of the company, so its devaluation cannot be written off for tax purposes. Other tax issues may also arise such as the number of vehicles and the mileage maximum that can be claimed. As with regular car leases, there are mileage limitations with business car leases. As a business, you are also required to provide your own fully comprehensive insurance on all of the leased vehicles.