We all want to be able to sign off at the end of the work week knowing we got the best return for our businesses and our household incomes, and that will never change. What is changing, however, is how many of us get to and from work, and how we travel when we need to get to work. The growing hybrid SUV market offers plenty of eco-friendly options, and we want to talk to you about how they can be budget-friendly.
Fixed monthly budgets keep things predictable
By paying a simple fixed price each month to drive the latest hybrid SUV, you’re taking back control of your outgoings at a time when the economy is proving to be extremely unpredictable. Being sure of what you’re going to pay is important when you’re leasing a car yourself, and it’s even more important when you’re leasing to be able to provide a valuable employee with a company car.
Renting a hybrid SUV avoids spending a lot of money
Buying outright will eliminate savings and expose you to the rapid decline of hybrid vehicles, fueled largely by rapid advances in battery technology. Leasing means that this becomes the problem of the leasing company, allowing you to focus on your business and provide the excellent service that your customers have come to expect from you. It also means that when it’s time to upgrade your company cars, you won’t be left trying to sell low-priced, high-mileage models in an effort to finance your next batch of purchases.
Benefit-in-Kind (BiK) savings quickly add up
An employee who receives a benefit such as a company car will have to pay tax as a result, which may take some of the shine out of the original offer. If you are an employee, you want a good profit, and if you are an employer, you want great value and a better way to attract and retain the best employees. An important point to note is that the BiK tax on company cars with green details can be much lower.
For example, take a Leasing a Range Rover Sport Hybridand you’ll find that you qualify for a much lower company tax bracket than if you lease a conventional petrol or diesel car. The result is a lower cut of your employees’ take-home pay – something that will sweeten the deal and help you attract the best and brightest.
Lease payments can be used to reduce business taxes
If you lease low-emission hybrids (defined as less than 50g/km CO₂), you may be able to deduct some or all of the monthly payments from your business profits, thereby reducing your corporation tax exposure. Having your accountant contact the leasing company on your behalf will help you understand your options and make sure you never fall into any potential gray areas. Just what you want to hear when you want to make your business on the road work for you in a smart way.
The latest battery technology will improve your range
The new models will come with the latest battery and motor technology, which means greater range, faster charging times, and improved reliability. Add the latest safety and driver assistance features, and you’ll soon realize that investing in hybrid leasing is an investment in the efficiency of your business and the safety of your employees. Because you don’t own the car and can simply return it at the end of the deal, you also won’t have to deal with the rapid depreciation that many hybrid SUVs face when the latest battery technology hits the assembly line.
Low mileage vehicle reliability will keep you on the road
The last thing you want is a new luxury car that keeps coming in and out of the service center. By doing business with a reliable and experienced rental company, you ensure that you are looking at only the most reliable makes and models of hybrid SUVs during your search. This means that you will be choosing a vehicle that meets the needs of your business, one of which should be knowing that your team will always be able to get to where they need to go without delay.
With all of the above in mind, it’s up to you to contact a trusted name to take your business to the next level. Not only will you be able to do it in a way that makes financial sense, but you’ll also be able to do it in a way that helps you attract and retain the best people in your industry.
