Are you a business that provides employees with a company car? Are you looking for a way to still provide employees with vehicles but at a cost-effective rate? If so, it may be time to look into leasing if you haven’t yet pursued this option. Leasing a company car offers all kinds of benefits, not just for drivers, but for the business who is signing the lease, with affordability being top of the list.

But how exactly can leading a company car save money? Here’s a closer look.

There’s No Need to Put Money Down

One of the most obvious ways in which leasing a company car can save money is that there is no need to put money down in order to sign a lease. In fact some leasing companies, such as Vantage Leasing, even offer a Pay Nothing Upfront deal on select models, which means you can sign the lease and drive away without having to pay any extras upfront. As you browse through the Pay Nothing deals on Vantage Leasing, you’ll see there is a wide array of makes, models, and price points to choose from giving company owners a lot of leeway.

Put Aside the Worry of Expensive Repairs

Depending on the lease terms of the vehicle and the warranty that is associated with that model, there’s a good chance that the duration of your lease will have the car covered under warranty. If you’re leasing a car for four years, many of the top auto makers will have you covered during that time. That means any major mechanic issues that go wrong with the vehicle won’t cost the company a single penny.

The Tax Advantages are Attractive

Then there is the fact that leasing a company car offers certain tax advantages, which can certainly help the company to save money in the long wrong. Because the lease is seen as a business expense, it then gets special consideration.

The Monthly Payments Will Be Lower

Any time you look into leasing a car, you’ll also notice that the monthly payments are lower by a significant amount. This is because you are essentially renting the car for a specific time period (the lease term), so you aren’t having to pay the full value of the vehicle. It allows businesses to get into those higher end vehicles for an affordable price.

It’s Simple and Cheap at the End of the Lease

Provided the driver of the vehicle hasn’t gone over the allotted mileage allowed at the end of the lease term, turning it in is simple and free. You don’t have to worry about selling a used car, trading it in for something else and trying to get the best value possible – all the headaches are off your shoulders.

Well Worth Looking Into

And these are just a few of the most notable benefits in leasing a company car in terms of a money-saver. In reality, leasing makes sense for a large amount of people and businesses.