Leasing is getting more and more popular

Leasing is getting more and more popular

For many companies, the absence of a car or a fleet of vehicles means that they are unable to expand their business or paralyze their business. Entrepreneurs who plan to purchase vehicles most often use leasing to finance their investments, but do not….
Leasing is becoming more and more popular
For many companies, the absence of a car or a fleet of vehicles means that they are unable to expand their business or paralyze their business. Entrepreneurs who plan to purchase vehicles most often use leasing to finance their investments, but also do not avoid loans. Both options have their advantages and disadvantages. How to obtain funds and which type of financing to choose?
Leasing
This is a very good solution for financing company cars. Leasing pays off especially in the case of machines and equipment intended for use.
A feature of leasing is a relatively short financing period. In this case, the entrepreneurs may include as tax deductible costs the leasing instalments as well as the initial payment and vehicle operation costs. The company may also deduct VAT.
How does it look like in practice? Corporate leasing at Idea Bank lasts up to 84 months. Payments of liabilities may be divided into equal or decreasing instalments. After the end of the contract, the bank offers the company – the lessee – to buy a car for a small amount.
The bank, like other lessors, completes all formalities extremely quickly. Unlike the competition, it also offers to use an industry account, thanks to which the owner can count on a 10% refund for the purchase of fuel.
Credit
Credit is a form of financing with long traditions, thanks to which it still enjoys great recognition among entrepreneurs. The advantage of the credit is the possibility to choose a longer period of repayment of the liability. Moreover, it is easier than in the case of leasing to obtain support for the purchase of second-hand cars. It is also important that in case of loss of a vehicle, the instalments of the liabilities do not become immediately due (the repayment schedule does not change).
The company provides the possibility of financing the purchase of passenger cars, trucks, agricultural tractors, motorcycles, quad vehicles, scooters, historic vehicles, buses, trailers and semi-trailers in this way, so the choice of vehicles is really a big one. Instalments can be spread over 10 years (this is the maximum period for which instalments can be spread over car loans). Unlike leasing, instalments can only be equal.
Leasing or credit
If the entrepreneur is considering leasing or possibly car loans, he should take into account a good calculation of both the benefits and the costs of these operations. It is worth checking how the depreciation of the vehicle will proceed (if at all possible). At the same time, you should definitely choose a good vehicle insurance that will guarantee coverage of losses in the event of loss of a car or downtime caused by vehicle repair.
Considering Idea Bank’s offer, the company is in a comfortable situation, because any doubts are solved by a consultant. What is important, a bank employee who has both offers, will not give biased information and overconfidence to one of the variants. To visit a bank in your area, just check its location on the website.
It is also important for people starting their professional careers that the company provides both forms of financing for beginners.

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