There are a variety of options when it comes to funding your company’s vehicle fleet. The most popular when it comes to business vehicle leasing is contract hire, however, outright purchase is still the preferred option for some.
Purchasing company vehicles outright typically requires a substantial outlay of capital to meet the vehicle’s list price. But once you have met the list price, the vehicle is yours. Including in that ownership is the responsibility for:
- Taxation
- MOTs
- Servicing
- Maintenance
- Repairs
- Accident Management
- Disposal