Executive Car Leases V The Option Of Buying A Van
After many discussions where pro and anti cars lease arguments have been exchanged
, I continue to maintain my stand that each option is suitable in some situations and not others. One of the circumstances where car leases are certainly a better option in comparison to purchasing is when you consider cars for executives. Vehicles used to transport directors have particular attributes that are usually updated as technology advances. Some of these features include safety and security which are constantly improving as newer technology is proven to be better than what we presently have in the market. Directors are top class and people of value with higher than regular safety and security concerns.Owing to these serious security and safety concerns, a majority of directors find it vital to change vehicles at a much rapid rate than usual. Advancement in the safety attributes of newer cars will obviously attract managers to the new vehicle. Changing cars regularly in addition assists in advancing the security condition for manages because their movements become much harder to trace. Vehicle renting becomes the more logical alternative for this group of people who require to change their cars on a regular basis. Instead if they were to purchase vehicles, they would soon find themselves owning adequate vehicles to begin a used car sale business.
Apart from security and safety issues, directors will require to change cars for purposes of appearance and image. Managers are heads of corporations or high profile people who need to give a particular impression by manner of their lifestyle. Publicity is part of what builds them who they are and can either make or break them and what they symbolize. The vehicle carrying a director makes a statement about how well or badly the company they are working for is performing. Because birds of a feather flock together, companies that are doing well will want to do business with other seemingly successful businesses. Hiring a car is a good way of making sure that the directors in your company sustain a favorable appearance all the time.
In addition there are financial reasons that favor the car renting choice when it comes to directors. In contrast to the large monthly payments that would be used to pay for an executive vehicle, the car lease payments are considerably lower. In addition to lower monthly payments, the initial down payment required for leasing cars will be much lower. Hence, the company will be tying down little money in vehicles used by their directors when they choose to rent. The next financial advantage when it comes to renting a car is that the organization avoids losing money to depreciation. A new car will have the highest rate of depreciation. Because the director will all the time be driven in a new car that means the business will keep on losing money to depreciation.
Clearly, the best option when considering how to acquire cars for executives is leasing. While car leasing may not be the ideal solution in all situations, it is a perfect fit for this particular case.
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