What is Corporate Vehicle Leasing?

business people shaking hands for commercial vehicle leasing agreement

Commercial vehicle leasing makes it easy for your business to get the vehicles you need.

Need a reliable vehicle for your small or medium sized business without the hassle of buying? Corporate commercial vehicle leasing might be the perfect solution. With leasing, you get a brand new car or truck without a huge down payment. 

Glesby Marks makes it easy. We offer flexible lease terms and a wide selection of vehicles to fit your needs. Whether you need a single car or a whole fleet, we’ve got you covered.

Contact us today for a free vehicle leasing consultation and let’s find the perfect option for your business.

How Do Leasing Agreements Work?

Commercial vehicle leasing is like a long-term rental agreement for your business vehicles. Instead of buying a car or truck outright, you essentially “rent” it from a leasing company for a set period. 

Throughout the lease, the leasing company (the lessor) owns the vehicle, while your business (the lessee) gets to use it. It’s a simple way to access reliable transportation without the long-term commitment of ownership.

Here’s how it typically works:

  1. Choose Your Vehicle: Start by selecting the make and model that best suits your business needs. 
  2. Set the Lease Term: Decide how long you need the vehicle. Lease terms usually range from 2 to 5 years.
  3. Agree on Mileage: Estimate how many miles you’ll drive annually. This may affect your monthly payments and fees.
  4. Understand the Costs: Your monthly payment covers the vehicle’s depreciation during the lease term, plus interest and fees. There might also be an upfront payment due at signing.

Some businesses opt for closed-end leases. This means you simply return the vehicle at the end of the lease, as long as you’ve stayed within the agreed-upon mileage limits and kept the vehicle in good condition. 

Another option is an open-ended lease, which offer lower monthly payments. With this type of lease, you’re responsible for the vehicle’s residual value at the end of the lease term. If the vehicle’s market value is lower than expected, you’ll need to pay the difference. 

Should You Use Vehicle Leasing for Your Small Business?

Leasing your company vehicles can offer significant advantages, especially for growing businesses. Here’s how it can benefit your bottom line and day-to-day operations.

Free Up Capital: Avoid tying up valuable cash in a depreciating asset. Leasing requires lower upfront costs compared to buying, allowing you to invest those funds in other areas of your business.

Predictable Budgeting: Enjoy fixed monthly payments, making it easier to forecast expenses and manage your cash flow.

Tax Advantages: Depending on your location and how you use the vehicle, lease payments may be tax deductible. Consult with your accountant to maximize potential savings.

Drive Newer Vehicles: Choose from a variety of cars, trucks, or vans to perfectly match your specific requirements. You get access to the latest models with advanced safety features and fuel efficiency. This minimizes maintenance worries and keeps your team on the road.

Stay Flexible: Lease terms can be tailored to your needs, allowing you to adapt to changing business demands. Upgrade or downsize your fleet as your business evolves.

Bundled Services: Choose customized commercial vehicle leasing packages to simplify your fleet management, adding services such as maintenance, insurance, and roadside assistance.

Flexible Commercial Vehicle Leasing Solutions for You

From conserving capital and simplifying budgeting to accessing the latest models and flexible terms, corporate vehicle leasing empowers your business to focus on growth.

 We’re here to answer your questions and help you find the perfect vehicles to drive your business forward. Contact our team at Glesby Marks today.

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  • No Mileage Restrictions
  • No Wear & Tear Clauses
  • No Administrative Fees
  • No Management Fees

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