13 March, 2024
Car leasing has evolved into a smart solution for businesses aiming to provide reliable transportation without the financial burden of purchasing an entire fleet.
In this Business Car Leasing 1-0-1 guide, we will unravel the intricacies of car leasing, explore the available options, and highlight why Yoogo Fleet is the perfect partner for your business car lease needs in New Zealand.
What is Car Leasing?
Car leasing is a financial arrangement that allows individuals or businesses to use a vehicle for a specified period without owning it. Instead of purchasing a car outright, the lessee (the person or entity leasing the car) makes monthly payments to a leasing company for the right to use the vehicle. Car leasing can be an attractive option for individuals and businesses for several reasons:
- Lower Monthly Payments: Monthly lease payments are often lower compared to loan payments for purchasing a new car.
- Newer Vehicles: Leasing allows individuals to drive a new vehicle more frequently, as leases typically last for two to four years.
- Reduced Maintenance Costs: Since the vehicle is usually under warranty during the lease term, maintenance costs may be lower.
A leasing arrangement can extend beyond conventional cars, covering various vehicles such as passenger cars, utes, vans, trucks, and electric vehicles. Check out our latest offers to see some of our popular models.
Types of Car Leasing Options
Yoogo Fleet provides a spectrum of car leasing options catering to diverse business needs:
- We Own & Maintain, You Drive: Also known as a Fully Maintained Operating Lease, this option ensures you choose and drive the vehicle of your choice while Yoogo Fleet takes care of the rest.
- We Own & Manage, You Service & Drive: Referred to as a Non-Maintained Operating Lease, Yoogo Fleet owns and manages the vehicle, while you handle servicing and enjoy the drive.
- You Own, We Manage: Perfect for those who want ownership without the management hassle. Yoogo Fleet takes care of all the management, allowing you more time to focus on your business.
- We Loan, You Own: This option offers flexibility and no upfront costs, allowing you to own the vehicle at the end of the lease term.
Buying vs. Leasing a Car
Choosing between buying and leasing is a critical decision. While purchasing demands a substantial upfront payment and full ownership responsibilities, leasing provides a cost-effective alternative, supporting better business cash flow. Yoogo Fleet's business car leasing options in NZ allow you to avoid large upfront costs, benefit from tax-deductible monthly payments, and minimise maintenance costs and Fringe Benefit Tax implications.
Tips for Leasing a Business Car
To optimise your business car leasing experience, consider these practical tips:
- Go Electric: Explore environmentally friendly options for potential cost savings and reduced fuel expenses.
- Manage Driver Behavior: Promote responsible driving to avoid additional costs such as fuel inefficiency, speeding fines, and high insurance costs.
- Consider a Mix of New and Used Cars: Balance your fleet with a mix of new and used cars for better budgeting.
- Understand Usage: Tailor your leased vehicles to your business needs. If your team travels long distances daily, prioritise fuel-efficient models.
- Service and Maintenance: Whether you opt for Yoogo Fleet's maintenance services or handle it yourself, regular service and maintenance are crucial to keeping overall costs low.
Why Yoogo Fleet?
- Smarter Technology: Yoogo Fleet telematics drive better business decisions, offering insights into driver safety, maintenance, and fleet optimisation, reducing costs to your business.
- Live Automated Reporting: Yoogo Fleet Telematics provides real-time visibility across your fleet, allowing you to track locations, trips, and receive alerts on driver behavior or incidents.
- Cost Savings: Yoogo Fleet focuses on better fleet management, using technology and an experienced team to minimise surprises when a vehicle is returned at the end of a lease.
- Health & Safety Compliance Promise: Utilise telematic systems to identify vehicle locations, influence safer driver behavior, and optimize your fleet with the right type and number of vehicles.
- 24/7 Support: Yoogo Fleet is locally owned and operated, offering round-the-clock support with a 24/7 helpline (0800 2 YOOGO) to address your queries anytime.
- Direct Interaction with Drivers: Yoogo Fleet ensures proactive vehicle maintenance, engaging with drivers to prompt services and maximise safety.
If you're searching for the perfect car leasing option for your business in NZ, the Yoogo Fleet team is ready to assist. Contact us today to explore customised lease options, ensuring your fleet is efficient and tailored to your unique business requirements. Take the first step toward a streamlined and cost-efficient fleet management solution with Yoogo Fleet.