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Many factors go into the decision to purchase a commercial vehicle such as panel van and savvy business owners need to consider all financial angles alongside the practical and utilitarian aspects of these business vehicles as well. The decision to lease versus purchasing a commercial vehicle is not one to be taken lightly as either decision will have both a financial and administrative impact on the business. Often this decision is entirely situational with solutions that have advantages and disadvantages based on a particular business's situation. To make the best decision in any given situation an understanding of both options and their benefits is needed along with a firm understanding of the commercial vehicle’s role in the business. Leasing a Panel Van Lower out-of-pocket costs when acquiring and maintaining a commercial vehicle have always been the draw for leasing rather than purchasing. Leasing requires little to no down payment as well as no upfront sales tax payments. Another advantage of leasing is that monthly payments are usually lower as businesses are essentially renting the car for a fixed period of time. Purchasing a Panel Van For the small business which is ready for a long-term commitment, purchasing a vehicle means adding an additional asset to the business. Another beneift to the small business-owner is the possibility of better flexibility in terms of using the vehicle. Financing can be just as beneficial as leasing, especially if the vehicle is well-maintained throughout its ownership. A fully-owned vehicle free's the small business of ongoing vehicle payments while creating an asset which can be sold at any time. A business can benefit from lower insurance premiums, no mileage restrictions and not being locked into a fixed ownership period. When financing a panel van, the monthly payment may be higher than leasing a commercial vehicle and dealers may require a reasonable down payment. Business owners also need to be aware of the effects of depreciation and it is often difficult to build equity in the form of a vehicle. Vehicle Finance Professionals When it comes to acquiring and insuring a vehicle, it makes sense to enlist the help of a trusted partner. This is why the Volkswagen Financial Services team is available to assist you with every aspect of the vehicle acquisition process. Their aim is to help business owners find a simple yet effective finance solution as quickly and easily as possible. Volkswagen Financial Services is also able to include the Financial Shock Absorber Plan which is offered on any credit agreement with a linked rate. This plan allows businesses to benefit from reduced interest when rates fall, to budget more easily and with greater certainty and to avoid unexpected fluctuations in their cash-flow. Knowing all the facts and having the aid of a financial team can make all the difference to a business when acquiring a commercial vehicle. About The Author Volkswagen Commercial Vehicles are renowned for their strength and reliability in the South African market. The Volkswagen Financial Service's team is ready to offer simple yet effective finance solutions when acquiring a commercial vehicle.
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volkswagen, commercial, vehicles, purchase, panel, van,
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