A business company car can be a large expense and a risky business decision, especially if the company is a startup or looking to expand into a new field. For this reason, leasing and renting cars have shown to be great alternatives to buying company cars. Although both mobility options offer different benefits, there are a few differences to be taken into consideration.
Long-term rental is a more flexible service that can quickly and easily adapt to your needs when it comes to the duration of the rental. Unlike leasing, long-term rentals give clients total freedom to select the period that fits their needs in advance, and extend or shorten it as needed. This gives companies the possibility to quickly react to seasonal fluctuations, changing demands and economic downturns. Long-term rental is also a great option to lower residual value risk and car related costs: the monthly fixed price includes all costs, such as taxes, insurance or maintenance. The company will not only save money, but also time, administrative and maintenance effort. This is not the case for leasing, as the customer would bear all owner-related costs: tax, insurance, radio license fees, maintenance and repairs.
Unlike leasing, long-term rental will always offer customers the possibility to change vehicles and drive new-model cars. This makes long-term rental the perfect solution for companies that want to remain flexible with their car choice.
Long-term rental is also ideal for people needing a car for a long period in a foreign country, which is likely not possible with leasing. The booking process for long-term rental is also easier and faster, as it is often similar to regular car rental.
Summarizing, although both leasing and long-term rental can be good mobility options, long-term rental is a good alternative to leasing for the companies that are looking to for flexibility and adaptability and reduction of maintenance and insurance costs.
