The Kettering Business Networking Group
Bringing Kettering and Dayton Businesses Together
Call today to become a member.
Bringing Kettering and Dayton Businesses Together
The Kettering Business Networking Group is a group of business professionals who have come together for the purpose of helping each other succeed in business by networking through the exhange of qualified business referrals.
937-293-7473Call today to become a member.
The Top 10 Benefits of Leasing Company Vehicles
A question we hear a lot in our industry is "what are the benefits of leasing my vehicles through a fleet leasing company like Sutton Leasing?"
by Joe LaBello, Sutton Leasing
A question we hear a lot in our industry is "what are the benefits of leasing my vehicles through a fleet leasing company like Sutton Leasing?"
Following are the Top 10 Benefits of Leasing Company Vehicles:
- Improve cash flow
Leasing requires less money up-front and offers lower monthly payments through use of residual values. - Lower total cost
When you consider the Time Value of Money benefit from lower monthly payments, leasing generally saves money overall. - Off balance sheet accounting
You can reduce the amount of debt on your balance sheet and improve your company's financial picture by leasing, thus increasing the value of your business. - Reduce tax liability
Both income tax and sales tax liability can be minimized by leasing vehicles. Many leased vehicles are exempt from IRS depreciation limitations. Also, most states allow use-tax to be paid over time on monthly payments versus paying sales tax on the entire sale price at time of purchase. - Increase bonding capacity
Leasing can strengthen financial ratios and increase bonding capacity allowing you to compete for more and larger jobs. - Separate line of credit at competitive rates
Leasing companies offer a separate line of credit for you to fund fleet vehicles, eliminating the need to take money out of retained earnings or draw from existing credit lines. - Access to any make/model at lowest prices
Proactive acquisition strategies to encourage factory ordering, and unbiased vehicle selector recommendations geared toward lowest cost of ownership, set some leasing companies apart as true consultants in an overly-aggressive sales-driven automotive industry. - Consolidated monthly billing
All vehicle payments are itemized on a single consolidated monthly statement for convenience and ease of processing payment. - Avoid unnecessary debt on personal credit reports
Company vehicle loans through most leasing companies are not reported to the credit bureaus for guarantying officers - Fleet management programs available to reduce operating expenses
Fuel, maintenance, and disposal programs are available to control and reduce fleet expenses.
If you're not leasing your vehicles through a fleet leasing company, you should consider doing so today!
