Why Do Companies Lease Cars?

The largest multinational corporations will include all of their vehicles as assets. They might have an extensive vehicle fleet. In general, most of these businesses will lease their vehicles. Why do most companies choose to lease their vehicles instead of purchasing them, free and clear?

Companies have a lot of money, don't they? Well, "Yes" and "No." They have a lot of money, but they must repay this money. Therefore, they must be as efficient with this capital as possible. That is one reason for leasing - it is more efficient.

Moreover, many companies can deduct vehicle depreciation from their taxes. The government understands that transportation is an essential element of productivity. No matter which you choose - buy or lease - we have a car to satisfy your transportation needs. We want you to drive off in a brand new car today. Stop by and drive happily ever after.
Categories: Finance