Top 4 Benefits of Outsourcing Operating Leases For Your Business Fleet
Operating leases allow you to lease a vehicle for a fixed amount of time while taking the hassle and financial burden of vehicle ownership from you and your organisation. There are many benefits to outsourcing operating leases for your business fleet. Here are what we think are the top four benefits.
1. Operating Leases are Cost-Effective
A common misconception is that outsourcing operating leases for your business fleet is expensive. Actually the opposite is true. In the long-term, not outsourcing operating leases is a lot more expensive. Here are some reasons why they are so cost-effective:
- Monthly payments are usually 100% tax deductible with business use
- Operating lease payments are treated as an operating expense so they don’t appear as a financial liability on your balance sheet
- Operating lease payments are calculates on GST exclusive prices (but then have GST added which can be claimed as an Input Tax Credit)
- At the end of the lease, you return the vehicle with no residual value liability (meaning you owe nothing more in terms of residual values)
2. Operating Leases Cover All Your Ongoing Vehicle Needs
One of the greatest benefits of operating leases is taking away the need for you to have to deal with the running costs of the vehicle. The maintenance, registration, tyres and other related ongoing costs can all be included in the lease agreement. Allow us to take care of all your vehicle needs do you can concentrate on your business!
3. Operating Leases Allow You Access To The Latest Vehicles
Having access to the latest vehicles is vital for your business. At Northside Rentals, we can provide you with a wide range of the latest vehicles to ensure that you won’t need to worry about your business vehicles. Having access to recent models will also mean that your business will maintain the modern, professional image that it deserves and you will always travel in comfort and style.
4. Operating Leases are Flexible
Operating leases at Northside Rentals are highly flexible and adaptable to your specific business needs. Contracts can be easily amended at any time with no-hassle easy upgrades and add-ons to suit you.
At Northside Rentals, we take control of vehicle outsourcing, acquiring and disposing, and we assume ownership risks. As local experts in the vehicle hire industry, we provide personal, relevant and timely advice for all your business fleet operating lease needs. Give us a call on 1300 677 227 or email to discuss your business fleet needs today.