How Can Short Term Leasing Support Company Growth?

As we enter the New Year, you might be looking ahead and planning how you want to grow your business throughout 2016.

This could include recruiting more staff to help you develop new business and reach new audiences, or working alongside freelancers as you gauge the market and juggle an ever changing work load.

It’s likely that, at some point, you’ll start to think about introducing cars into your business as your work force grows.

But have you thought about exactly how you’ll get those additional staff out onto the road if you might not quite be ready to make the commitment to buying cars or committing to a long term lease?

Here at Cars on Demand, we work with a variety of small to medium sized businesses across the UK that require flexible vehicle leasing for their company – and that’s where short term leasing can really work.

So, what is the difference between short term leasing and traditional long term hire / leasing?

To be honest, there isn’t really one, other than the increased flexibility!

Short term leasing generally involves leasing a vehicle for a shorter amount of time than a traditional car leasing contract would entail. For example, instead of signing up to the standard 3 year lease through a dealership or leasing company, short term leasing here at Cars on Demand means you can sign up to a lease lasting as little as 28 days.

All of the benefits of traditional leasing still apply, including the ability to reclaim up to 50% of the monthly VAT (subject to status), offset the lease costs against corporation tax and remove the lease from the balance sheet.

In what ways can short term leasing support my company growth?

When it comes to short term leasing supporting your company growth, it’s the element of flexibility that is the major benefit.

You might be at a stage where you are contracting freelancers as you test the water with new services and within new markets, and you might be unsure how long they will be with you.

If you need to give them access to a car, leasing one on a short term contract ensures that you’re not tied in to anything over a long period of time, and you can hand the car back without penalty should your freelancer leave and the vehicle no longer be required.

Short term leasing also means that you’re able to access a variety of vehicle types much more frequently, depending on specific projects you may be working on.

So, if you need a supermini one month for a contract in the city, and then a 4x4 the next for some work up in the highlands, short term leasing gives you the flexibility to change the car to fit the requirements of your growing workforce from month to month.

We asked our Sales Director Ben to sum up the advantages of short term leasing for this blog:

“Short term leasing means that you can take a car without really knowing how long you might need it for, with the knowledge that you can simply hand it back if it becomes surplus to requirement.”

“It’s as simple as committing to just one month, and then either handing the car back, signing up to another month or changing the make and model if you need to. What better way to help support the growth of your business without the risk?”.