If your business uses a company car system for its employers then there is a good chance you could save a substantial amount of money by switching to a car leasing system. Cash savings are not the only benefits you can take advantage off should you decide to make the change so keep on reading to find out more.

What is A Business Car Leasing service?

A car leasing service operates by allowing companies to hire cars for a set amount of time for their own business purposes. Leasing companies will offer a variety of different vehicles, contracts and payment options depending on the client’s needs and requirements. Below you can find a list of the different types of leasing services available, along with the benefits of each one.

Contract Hire

A contract hire service is a long term rental agreement where a business pays a monthly sum for the use of a vehicle over a fixed period of time. Any maintenance costs are often included in the package meaning you needn’t worry about vehicle upkeep (this may be optional depending on the company). You will also need to pay a deposit on the car prior to purchase, although this is generally a reasonably low figure. The main advantage of this service is that you never have to pay out a significant amount of cash at any one time as the payments are spread out evenly. This will most likely be of a significant help to your company’s cash flow freeing up extra money to invest into other areas of your business. VAT registered companies can also reclaim up to 50% of the VAT on finance payments and an additional 100% on any maintenance costs.

Contract Purchase

With this service you will make monthly payments on leased vehicles and have the option to buy your cars outright at the end of the contract. Importantly, there will be a pre agreed minimum guaranteed future value for the vehicle securing its worth. A contract purchase agreement is a very useful service for companies wanting to obtain high value cars without taking on the risk of depreciation. If the car has depreciated below it pre agreed minimum value then you can simply hand it back. While having the same cash flow benefits of contract hire services the car will also appear on the company’s balance sheet allowing you to claim capital allowances of 25% per year. Unfortunately, VAT cannot be reclaimed on rental payments unless the car is solely used for business purposes. It is therefore a popular choice for smaller non VAT registered companies who are restricted in the amount they are allowed to claim back.

Sale and Leaseback

With this service you can sell your company owned cars to a leasing business and then arrange to rent them back for a set monthly fee. If your company needs to free up some additional funds to help balance your books then a sale and leaseback agreement is a very useful tool to use.

Other General Benefits of Car Leasing for Businesses

By using a car leasing service you will generally save a reasonable amount of hassle when it comes to replacing your current fleet. Additionally, a car leasing service allows you to stay up to date, helping your company to maintain its appearance of modernity and success. Another useful benefit you will gain from using these services is the expert advice and guidance you will receive from fleet management specialists when choosing your vehicles and contracts, all of which can be easily tailored to your company’s needs.

There are many ways to make money, some more unusual than others. We look at the ways outside of the box to make ends meet and a little more.

A little bit of extra cash on the side is always nice and is great for paying off those extra bills or is nice if you wish to treat yourself or someone else to a little surprise. So, what are the best ways of making a little bit extra on the side, without too much effort?

Many of us are huge record collectors, though have found our record collections making their way onto a digital medium – only to find that we have stacks of CDs or records sitting at home, not being used. These can be sold on numerous sites online. Vinyl is very popular at the moment and there can be some great prices for rare records.

Dog walking is also a great way to get fit and also make some money, especially if you can walk more than one dog at a time. It is not uncommon for walkers to charge upwards of £10 an hour per dog – meaning you can earn a lot of extra cash for minding a few dogs as well as your own. Post a code online or in a local shop window and wait for the busy people to roll in. This is a great way to make plenty of extra cash.

Another way to make money, especially if you live in a buy urban area is to rent out your driveway. Sites such as www.parkatmyhouse.com offer you the chance to rent out your drive for up to £50 a month. This can be a handy few pounds, especially if you own a position but don’t actually have a car.

If you own a spare room as well then why not take in a lodger to your premises. Doing this can earn you a substantial sum of money. People who take in a lodger at a not unreasonable £400 a month can stand to easily make over £5000 over a year – a not too dismissible amount of money.

If you live near somewhere that is holding a big event, such as the Olympics or The Ryder Cup, then why not take a holiday and let your house for a week or two and make a large sum of money when doing so. This can mean a welcome break and also mean extra cash in your pocket.

It is also possible to turn your home into a film set and sites offer people the chance to sign up and allow the camera crews in between their four walls for a day. Doing so can be a very lucrative procedure and earn you a ball of cash over a period.

Another great way to get money is to become a film extra. Joining one of the many UK sites that offer this service can mean you make money on your days off and also have the chance of fulfilling your dream and getting your face on film.

Though not the most conventional ways to make money, these are quite easy and available options to many and can make the difference at the end of the month and give your savings account a bit of a boost.