What are the benefits of leasing for corporate organizations?
Cost benefits: First, a company opting for lease does not have to make a capital purchase of the vehicle. They just have to pay for the use of the car. According to Karunesh Arya, Chief Operating Officer of Lease Business of Carzonrent (India), “Let us consider any vehicle and evaluate its value after a period of time. If we say, this vehicle will fetch us 40 percent of its initial amount after the lease period, then, 60 percent of the vehicle cost is what is taken into account to be charged to the customer.” Hence, the cost factor becomes significantly less.
