Leasing: A Way Of Having A Truck Without Buying It

Leasing: A Way Of Having A Truck Without Buying It

Leasing is a form of rent with option to purchase. The leasing company assigns the use of a vehicle to the user in exchange for the payment of rent for a specific time. At the end of that period, the user has the option to buy the vehicle paying a reduced price or return it.

How Does A Leasing Contract Work?

The leasing contract a car or truck has some crucial differences. The most relevant is that, as it is considered a form of financing, it does not include maintenance fees, taxes, insurance, etc. in its instalments. Companies and freelancers with a car on Leasing will have to bear these expenses.

In exchange, the lease fees are cheaper than those of the Renting. But if the vehicle has any problem during the duration of the lease, it will be the customer who has to take charge.

Leasing For Companies And Freelancers: Advantages And Disadvantages

In any case, a 6 wheel truck (รถ บรรทุก 6 ล้อ, which is the term in Thai) acquired through this modality must be linked to the activity of the company or the self-employed person who can take advantage of its advantages.

Advantages

Leasing has two compelling advantages for businesses that opt for this modality.

  • The first is the tax treatment that is given since the amortization fees are considered an expense and are therefore directly deductible as an expense provided it is justified for the activity.
  • Also, the other advantage offered by Leasing is that it allows you to finance 100% of the investment, something to consider if we need to make a significant outlay to acquire a van or a second-handed 6-wheel trucks (รถ บรรทุก 6 ล้อ มือ สอง, which is the term in Thai).

Disadvantages

Two disadvantages of Leasing can be pointed out.

  • Although the lease fees are cheaper, their financial cost is higher. Do not forget that under this modality, repairs and maintenance are the responsibility of the customer.
  • Also, the vehicle can only be purchased at the end of the contract, and the costs for early cancellation are usually high.
Categories: Automotive

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