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Vehicles are critical to your operation - without them, your business couldn’t function. But should you purchase them outright or consider leasing them?

For many businesses, there’s time and money to be saved with Contract Hire.

No big capital outlay

Vehicles are expensive assets, meaning a big outlay of capital will be required to purchase them. When you can get them for smaller monthly fees and spread the cost over a number of years, we believe that’s money that could be better spent on other activities that can help grow your business now.

Stability

New vehicles depreciate, some more than others and you will never know when a vehicle will breakdown or be involved in an accident. This takes time to track and makes budgeting difficult.

But that doesn’t need to be your problem with a lease, as depreciation becomes something for us to take care of, and with servicing, maintenance and repair included in your monthly payment, you’ll know what you’ll be paying every month, making budgeting easier. Pendragon have a nationwide servicing network that touches more vehicles every year than any other provider, which makes us great on price too.

Save time

It’s not just money you’ll save with a lease – it’s your time too.

We’ll look after drivers in the event of an accident or breakdown and work to get your business again as quickly as possible. This means you can get on with the business critical activities that matter.

Keeping up with appearances

All vehicles will age but with lease vehicles you can replace them with the latest model every few years, keeping your brand image at the cutting edge.

Go green

Similarly, you can swap your vehicles with a cleaner, more fuel-efficient model every time you need to replace them. This will help reduce your carbon footprint, your fuel bill and enhance your green credentials.

Perk cars

Who doesn’t love the smell of a new car? A benefits package that includes a car can help attract the best people, and reward hard work. Lease the latest make and model, then swap it in a few years to make sure your drivers are using the latest vehicles with the best in-vehicle safety tech.

Already purchased your vehicles?

You can get a large injection of cash into your business by selling your vehicles and having them leased back to you. You'll then get all the benefits of leasing and the maintenance, service and repair packages we offer - plus you can exchange your vehicles for new ones at the end of contract, just as if you'd started with a lease.

Summary

While there will be situations where it makes the most sense to own your fleet vehicles, the benefits of leasing are pretty straight forward: cost-effective, time-effective, green, keeps drivers happy, and can help your business grow. By the time you factor in purchase costs, tax, time, maintenance, fuel, and depreciation, the whole life cost of a managed leased vehicle fleet can also be a lot cheaper than if you outright purchase your vehicles and manage them yourself.

Interested in learning more? Our team are always happy to talk to you about your business and fleet needs. Call 01332 267 389 or email info@pendragon.uk.com for a free consultation.