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
The advantages of buying
- 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.
