If you own your own business here in Australia and you have additional staff members then it’s highly likely that you will want to provide them with transport not only to be able to deliver goods and to drum up new business but to provide them with transport so that they can drive home and arrive to work on time in the mornings. Buying a car nowadays is a pretty significant purchase and after the purchase of your home, it’s probably the single biggest amount of money that you will hand over in this life. Running a successful business is all about good cash flow and so if you can avoid putting all the money on the counter then this is something that you should look into.
Many Australian business owners are thinking like this and so they are turning to novated Lease to get them the vehicles that they need but they don’t have to spend all of their money. The other selling point is that there are many different vehicles to choose from and you get to avoid the normal things that occur when you buy a car outright like depreciation. You also have the option of being able to change the vehicle every single year and this can only provide the best first impression for new business clients.
The following are just some of the many positive benefits of leasing your company vehicle than to buy it outright.
- You are cash rich – As was mentioned briefly before, the secret to success for any Australian business is to always have cash so that you can take advantage of any situations that might come your way. This is money that you can reinvest back into your business to help it to grow and to be more profitable. When you lease your vehicle, you’re paying over a set amount of money every single month that is significantly less than you would have to pay if you want to buy the vehicle out right.
- You can change things up – This is in regard to the vehicles that you and your employees will be driving around and if you want to be able to put your best foot forward and to provide clients with the best first impression then you always want to be renewing your vehicle is at the end of every financial year. This puts across a very professional image and the process itself is easy and straightforward to do.
- No tyre kickers for you – If you buy your car outright then there will come a point when you need to sell it on so that you can upgrade to a newer model. This means it you have to advertise the vehicle and then you have to deal with the tyre kickers and test pilots and you might not even find a real buyer at the end of all of this.
Make the smart choice and lease your company vehicles to enjoy a lot more flexibility.
