Good & Bad Points Of Leasing A Vehicle For Business

Good & Bad Points

Of Leasing a vehicle for Business

Two types of leasing: 1. Closed-end lease 2. Open-end lease

CLOSED-END lease - Lessee returns the car after the lease term

OPEN-END lease - lessee purchases the car for a pre-arranged price

whichever LEASE TYPE you wish to obtain

you must examine THE PROS AND CONS of leasing a car for your business

GOOD POINTS of leasing a vehicle

1. Cut Costs

2. BUY OR RETURN the car at a lesser cost

3. BETTER DEALS

4. Easier than obtaining a car loan

BAD POINTS of leasing a vehicle

1. HIGH COST of Insurance

2. High Credit Rating

IS A MUST

3. Monthly Duties

4. Penalty Fees on Excess Mileage

FOR MORE INFORMATION READ http://www.newhorizon.org/credit-info/bad-and-good-points-of-car-leasing/

EQUIPMENT LEASING? APPLY HERE http://www. newhorizon.org/NHBS/equipment.htm