Buy or lease?
Buy or lease?
Leasing is traditionally perceived as the most expensive way of acquiring vehicles. But the reality is quite different, thanks to:
- reduced interest charges
- the leasing company’s purchasing power
- the reduced administrative and operational burden
- the lower risk regarding residual value and maintenance
- outsourcing to an expert who knows the numerous ways of reducing costs.
The image of leasing has improved and its advantages are clear: your budget can be better controlled, rental costs are off-balance sheet, your resources can be focused on your core business, technical risk is outsourced and it is tax efficient.
By turning to leasing, companies can save between 10% and 15% of their fleet costs over the course of their collaboration with their leasing company.
Car Leasing: how does it work?
Car Leasing: how does it work?
Leasing is an all-in-one or “full service” plan: you entrust the management of your vehicles to a specialist, your leasing partner. It not only looks after financing, but provides a full range of services (maintenance, tyres, replacement vehicles, fuel, etc.). The amount of the monthly payment depends on the services you choose, but also on the length of the agreement - in general, 3 or 4 years - and on the number of kilometres you drive. You can thus spread the costs evenly over a long period and keep your car budget well under control.
LeasePlan specialists will help with the day-to-day management of your fleet and the coordination of each stage of the process, from ordering and delivery to returning the vehicle at the end of the agreement.
An attractive option
An attractive option
When choosing between buying and leasing a vehicle, some people think that the choice is obvious. Yes, it has to be said that many businesses still hesitate. Managing a fleet requires in-depth knowledge of cars, finances and insurance. It also requires an excellent knowledge of legal and tax matters, but also your needs. It is therefore vital that you develop a strategy that aligns the challenges of fleet management with the business’s objectives. Don’t buy until you have read what follows...
The services included in your leasing agreement
The services included in your leasing agreement
LeasePlan is aware that you have many better things to do than checking the oil level and tyre pressure of your fleet vehicles. LeasePlan allows you to sleep well at night. We can offer you a broad range of tailor-made services that aim to simplify the management of your fleet.
- Financing: purchase price and interest charges
- Upkeep: vehicle maintenance and repairs
- Tyres: arranging replacement tyres
- Insurance and accident management: Civil liability, casco, legal protection and driver insurance
- Taxes: road tax
- Breakdown assistance: 24/7 assistance in Luxembourg and abroad
- Replacement vehicles: vehicles can be provided to keep you on the road
- Fuel: fuel purchasing from different suppliers with discounts (option)
- Telephone assistance from 8 a.m. to 6 p.m. (FIRST service)
The 6 benefits of leasing
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