Lease or buy

What's best for your company?

The car is an important work tool for many - but should you lease or buy when it is time for a new company car?

Owning the company cars is the preferred choice for many companies. But what pays off? Are you looking to free up capital? Spend less time managing the cars? Drive the latest model? Then you should consider leasing as a solution for your business.

All benefits at a glance

Check out the differences and see what suits your business the best.

Need more information? Contact us for a chat and some advice along the way.

The benefits of leasing

You don't have to tie up capital
Easy to budget: a predictable monthly cost per car
No need to worry about service and maintenance
A brand new car every time
You don't have to sell the car yourself

The advantages of buying

You own the car
No monthly lease invoices
You can choose how long you want the car
When you sell the car, the money is yours

Price
Leasing
With leasing you do not own the car. You only pay to use it for a fixed period. The predictable monthly costs include service and maintenance and you can also include insurance. The only extra cost is fuel.
Buying
When you buy the car, the company finances the car with its own funds and owns it. You only get the discount you can negotiate yourself. You have to budget for common costs such as insurance, taxes, service and maintenance. Plus you have to pay for fuel of course. You do not know what the car has cost you before it is sold, but then the money you get is yours.
Flexibility
Leasing
Leasing requires you to commit to a contract, most commonly being 3-5 years for businesses. The advantage is that you can switch to the latest model every time you renew. At LeasePlan you can also freely choose car brand, model, color and equipment, since we are brand-neutral. And because you don't buy the car, you can free up capital for other business needs.
Buying
Buying a company car means you can choose what car you want, regardless of brand, model, color and equipment. The price is the only limitation. You can also buy or sell whenever you want.
Convenience
Leasing
Leasing frees up time so you can focus on what you are best at. The only thing you have to do is pay the monthly invoice and take the car to scheduled service when it is set up. LeasePlan reports and guides you about the car if there is a need for contract changes, for example.
Buying
When you own your cars, you can use them as you like. But you also have to set aside time for several tasks around the car management. For example, administration, accounting, reporting and follow-up on service and maintenance.

Calculate the costs

If you buy a car, you’ll certainly consider the basic costs. Like interest, value, insurance and taxes. But what about repairs, maintenance, tyres and other unexpected costs?

Leasing includes all that and more, for a fixed monthly fee. But don’t take our word for it! Compare the costs for yourself.