Should You Lease Or Finance An Executive Company Vehicle?
by jimlive Posted on Thursday, September 21, 2017
When you’ve finally landed in an executive position there should be perks expected besides the inevitable long work hours and high stress levels. For starters, your commercial vehicle leasing options should improve dramatically when you have access to executive vehicles rather than your run of the mill choices from the fleet. However, the lease versus finance question always arises, and understanding the advantages of an executive company car lease can help you make the right decision.
When does it make sense to lease versus finance? Luxury vehicle costs can appear to be prohibitively high. Then there is the question of what constitutes a luxury car these days? It’s not simply about the name any more; many marquee brands have reasonably priced models that offer high performance and options that rival many of the traditional luxury brands. In other words, your commercial vehicle leasing options have grown when talking about executive company car leases. That’s where a good fleet lease provider can help you determine the right route to take. When examining the options for your executive company car lease, an experienced vehicle fleet provider can show you the advantage of getting the right vehicle and lease option for you.
Open ended leases, for example, provide the benefit of long-term flexibility. Such options allow you to switch out a vehicle before the end of a term. This means you don’t have to break the bank when rewarding yourself or your senior managers with a luxury company vehicle. There are other things to consider besides the financial implications involved when discussing the lease versus finance option. Leasing the right luxury vehicle can also have a positive impact on your company’s public image; choosing the right vehicles for your executive fleet is important in times when extravagant spending on executives is often put under intense scrutiny. When the work force is experiencing lay-offs, offering executives high-end luxury vehicles may not be the best decision optically. Similarly, you don’t want your executives driving vehicles that conflict with your business objectives; a company producing eco-friendly green technology might think twice about entering an executive company car lease program on a fleet of Hummers.
Your vehicle leasing partner can work with you on various luxury leasing strategies designed to help you save. Learn more. Visit Jim Peplinski Leasing at https://www.jimpeplinski.ca/.