A commercial vehicle adds value to your business and if you cannot afford to buy one, you can invest in leasing it. For some companies, buying a new fleet is a huge expense that they cannot afford, and interrupting their cash flow or get a loan from the bank to make such an investment is not an option.
Other benefits of investing in commercial vehicle leasing
You can get tax benefits, whether you are an entrepreneur or a self-employed professional.
Leasing reduces considerably the maintenance costs, because leasing companies typically offer the vehicle maintenance as a part of the leasing agreement. This will save you time and money.
When you lease a commercial vehicle for your business, you are not required to deposit a huge amount of money, as in the case of buying a vehicle. There will only be a minimum amount and the monthly payments.
With all these benefits, it is quite obvious that leasing a commercial vehicle is a great solution that will allow you to save money, which you can invest in other goals of your business.
Driving around with a business client can often be time consuming. Before you know it, half of the day passes quickly and there is little time left for other projects. In these circumstances, you should find ways to remain productive and also to get some tax deductions, if they are available.
It is good to know that, if you are not the driver, you can use some of the time spent in the car for working on other projects with people who are at the office, by using business features of different applications. You can organize an online conference, work together at documents at the same time, reply to emails etc. You need your laptop or tablet and an active hotspot, and you can do your job from the car. You will probably not be as productive as you would be at the office, but you can still get lots of things done and compensate some of the time you lose. Luxury vehicle leasing companies can give you additional details on how to best utilize their vehicles to maximize business efficiency.
If you are the driver, you can still do some of these things, such as making a conference call, by using hands free systems, or while you stop for a break or for lunch.
When you drive around with a business client, you should also get information about whether this activity is tax deductible. Depending on your business purposes, you might be able to get a deduction amount related to costs associated with operating the car.
Listening to podcasts is great, but if you want to be a successful business owner, you have to take even this chance to try to learn a little more about how to run your business successfully.
HBR Idea Cast is considered one of the most well-known and highly educational business podcasts you will ever find. Based on the Harvard Business Review, it comes with delectable interviews with giants like Google’s Eric Schmidt, and will provide you with a wealth of information to help you with your business.
Outside In with Charles Trevail is a great business podcast centered around uncovering the secrets of the world’s most well-known customer-centered businesses. If you own such a business and you’re just starting out, this podcast can offer you a wealth of information as it often has various media figures, experts and business leaders talking about the main strategies that the best brands use to approach their customer base.
Business Wars is one of the most unique podcasts you will find. Launched only recently, it has gained a significant following across the Apple ecosystem and it continues to grow in popularity to this day. Business Wars is basically what the name suggests: pitting two businesses against each other. The entertainment involved and the invaluable opportunity to learn more about business is something that every small business owner can gain from this show.
Whether you buy a vehicle to be used for personal purposes, such as a car or a pick up truck, or you are considering purchasing a fleet of cars, trucks, buses or other heavy equipment leasing vehicles meant to help with your business, it’s important to note the fact that you always have to pay taxes. Tax deductions, however, are still applicable, and you can benefit from them just as in the case of any other asset you use for business purposes.
A fleet vehicle is basically a car or other vehicle that you use for your business. You can use, for example, trucks and vans designed for transportation services, pick-up trucks meant for delivery or repair services, large heavy equipment leasing, or trucks that are designed to transport large quantities of goods over thousands of miles.
As part of Section 179, you should be able to obtain tax deductions for heavy equipment leasing and other business leased vehicles. However, the trick is that you only have the right to do so based on the amount of time you’ve used your cars or equipment for business purposes. So, if you just bought a car last year, and from that time until now, you used it 30% of the time for personal purposes and 70% for business activities, then the tax deduction you can obtain will only apply to that 70%.
For most of those who drive company fleet vehicles, the answer to this question is quite vague. What do you do if you were just involved in an accident in a company vehicle? Maybe you weren’t seriously injured, but the car is totaled, and you may even have been responsible for the injury of another driver or passenger.
If you’re involved in an accident, you have the obligation to notify the Colorado fleet car leasing company immediately. They will ask you for details on what happened, and then they’ll get in touch with the insurance company, to see if the damages to the car can be supported by them.
Depending on whether or not you are at fault, the company might take a certain stance towards your situation. In most cases, they will not offer any bail, financial support for paying off fines, or legal support to help you get out of a trial. Their sole responsibility is to make sure the vehicle you were provided with was safe to drive before you got behind the wheel, and to get information about the damage and insurance-related support that they can receive.
So, it’s important to always be careful on the road, even if you’re driving a superior quality Colorado fleet car leasing company vehicle. You never know when an accident will happen, and once it does, you will likely have to fend for yourself.
Lee, It was a pleasure working with you and your staff! I can safely tell you that the experience was smoother and more service oriented than other companies and dealerships I’ve dealt with. I look forward to working with you again. ~ Sean B.
I don’t know why anyone would do anything else. One call gets me the truck I want, with shelves and logos. I have almost no cash out of pocket – so I can keep that money towards working in my business, And when I’m done, Alliance makes the trucks disappear, and gets me a fair price. It’s like having an “easy button” for my fleet. I would recommend Alliance to everyone. ~ Howie M.
We’ve been working with Lee and Alliance Leasing for more than 20 years, and have leased hundreds of trucks. We’ve been sold on other options over the years, but we’ve always come back to Alliance because of the integrity and high level of personal service. They always work to accommodate our special needs. ~ Andrew S.
I never considered leasing before because I thought it wouldn’t work for us. We put on a lot of miles and we’re very hard on our trucks. After reviewing the proposals, I was surprised at the discounts Alliance was able to negotiate for us and the advantages of owning. We saved over $5,000 per truck compared to what the dealer had offered. Alliance did exactly what they promised, and made the process simple. ~ Victor G.