As a small business owner, leasing a car is one of the best ways to optimise your business. With a car lease, you will hit the road and meet the demands of your clients in quality cars that mirror the standard and reputation of your business.
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Finding the perfect car lease for your business can be challenging, even for veteran car buyers. However, you can observe certain established steps and procedures while taking out a car lease for your business.
Easy Steps to Observe While Leasing a Vehicle for Your Small Business
1. Conduct proper research
Before leasing a car for your small business, you need to conduct proper research on car leasing, its benefits and drawbacks, and how it fits into the operations of your business.
If you intend to use the car solely for business, you will be entitled to recover 100% VAT on your payments. However, if the lease car is for personal and business purposes, you would be allowed to reclaim 50% VAT.