Vehicle leasing include light commercial vehicle (LCV) and van leasing, leasing of trucks, lorries and special vehicles. Commercial vehicles leasing can be part of a corporate deal: a fleet management service contract, or provided by a specialized special vehicles leasing company depending on the particular operational requirements and type of vehicles.

Vehicle financing through leasing is a more organized and financially predictable way to organize corporate  fleet management. Today, more and more smaller businesses are also turning to leasing rather than purchasing the vehicles for their daily business needs.

Benefits of vehicles lease is similar to car lease benefits. Vehicle leasing is normally more efficient and more convenient alternative to purchasing due to avoiding rapid depreciation of purchased vehicles as you booked business assets. By leasing vehicles, companies release capital and improves cash-flow which can provide management with more confidence when budgeting and calculating vehicle expenses.

Fleet management services provided for leased vehicles release managers from the time-consuming burden of maintenance, repairs, accident management and vehicle disposal, allowing companies to concentrate on their core business activities. Major lease companies, fleet funding and fleet management companies benefit from bargaining power with all major vehicle suppliers which in the end benefits the lessee. Vehicle lease expenses are tax deductible on an asset lease basis.

Vehicles available for lease: mini Bus or van, half lorry, truck, reefer trailer, flatbed, low bed, or car carrier. More specialized lease vehicles include:  refrigerated van trailer, tank trailer, mobile crane etc.

When leasing a vehicle for business purposes, companies generally use the actual cost method of calculating vehicle expenses. Each lease payment can be deducted as a rental expense. Consult your tax adviser to ensure your proper lease calculations.