When you’re starting a new business and need to acquire vehicles the choice of whether to buy, rent or lease can be a tricky one. Each method has its advantages and disadvantages, but in this article we look at some of the advantages of long term business car drental.
1. It offers flexibility
Long term vehicle rental offers flexibility because you are not tied into a lengthy agreement and can keep the car or van for as long as it’s needed, without having to wait until your contract runs out. Companies like Mayday Vehicle Rentals recognise that it’s difficult to determine where you and your business will be in the future, and that it’s important for you to be able to make a decision based on present circumstances – with the flexibility to change should you need to. Long term rental allows this.
2. It provides peace of mind
Being able to simply return a vehicle when you no longer need it provides peace of mind, as you do not need to worry about the expensive charges you may incur when returning a car early whilst it’s leased under contract. Purchasing a vehicle brings with it the stress of having to sell the car or van when it’s no longer required and again, this is unnecessary when you rent long term.
3. It’s cost effective
If you don’t fully utilise a fleet of leased vehicles, then you’ll be paying costs for something you’re not using. Whilst monthly payments may be lower under a lease contract, it can be more cost effective to arrange a rental agreement and make sure that you’re fully using the vehicles you’ve hired. With a long term rental you get the benefits of a lease, but with the flexibility of a rental.
4. It allows adaptability
Business needs change over time and a long term rental allows you to adapt more easily to these changes. As your business grows, so do your vehicle requirements – you may need extra vehicles, or you may need different vehicles for a greater variety of purposes. A long term rental makes changing vehicles, or expanding the size of your fleet, so much easier than when you are running leased vehicles under contract.
If you’re starting a new business, it can really pay to utilise long term rental when sourcing your vehicles.
