Financing company cars are now on the rise in the UK - Car Rental in London

2. Financing company cars are now on the rise in the UK Nowadays, companies that require vehicles for their employees find it quite a challenge to look for financing options. Traditional options such as direct ownership and purchasing deals just don’t make sense anymore. Investing in direct ownership for company cars results in the company gradually losing money from its investment due to price depreciation. You can rent a car of your choice from Luxury car hire in London at the best price. Fortunately, a new method of financing company cars is now on the rise in the UK.

3. What is business car leasing? Business car leasing allows companies, big and small, to pay a minimum fee or down payment coupled with an agreed mileage and a specific time period. With this method, the company saves a ton of money by paying pre-arranged monthly costs compared to direct purchases which are vulnerable to value depreciation over time.

4. Top 6 benefits of business car leasing • Cost-efficient and investment-friendly – Business car leasing methods are cost-efficient especially for small start-ups and medium-size companies. As opposed to purchasing cars at their full retail price and having your investment depreciate over the years, leasing business cars from contractors such as K2 Prestige allows you to save money and avoid inevitable price drops in the market value of your vehicles. • Budgeting made easy – The fixed monthly costs, which will be a central part of the agreement with the contractor, actually protects your company from huge drains on cash flow due to fluctuating prices and sudden drops in the value of your business cars. Fixed costs also allow your company to budget finances better as opposed to constantly revising cash flow accounts based on market prices. • Get rid of exorbitant fees – Business car leasing frees your company from paying exorbitant registration and tax fees. On the other hand, with monthly car rentals, the contractor takes care of tax and registration expenses. All you have to do is pay the agreed amount monthly based on pre-agreed mileage and time period.

5. Top 6 benefits of business car leasing • Optional maintenance charge – Another advantage of making business car leasing work wonders for your company is by availing of optional maintenance charges. Maintenance charges can be infused with monthly fixed costs covering servicing and maintenance expenses. This allows your company to again, save money from maintenance expenses that employees tend to charge on company tabs constantly. • Detailed reporting as needed – With a third-party contractor making sure your business cars are intact and running smoothly, you get to concentrate on things that actually matter to your company’s growth. To continue keeping tabs on the status of your business car leases, you can opt for detailed reports from K2 Prestige. • Plenty of car models to choose from – At K2 Prestige, we provide a milieu of options for all car types depending on your needs. From economic options such as Hyundai, Toyota, and Honda to the high-end Audi, BMW, Mercedes, Volkswagen, and Lexus models — we’ve got them all for you!

6. Contactustoday! Indeed, business car leasing frees up a ton of work and saves a ton of money for your company. Luxury car rental a revolutionary business model that fits your needs when you want it and how you want it — all brought to you by K2 Prestige. To know more about how business car leasing works and how it fits your business model, get in touch with our team.