The key to a successful business can often come down to healthy finances. If you’re maximising the value of every dollar spent and producing some really good returns, you can really get ahead. If you’re not, well then there’s a problem.
Over time, new financial challenges can and do come up. You might be a tradie who has been in the game for a while. With your new website up there’s suddenly a surge in business and your costs have increased. What do you do? The vehicle you’re using to get around is older and getting more expensive to keep on the road and there’s also that extra equipment you have to cart around.
We often hear quite a few stories like this and it’s one of the reasons why we have created the Driveline Smartlease. It operates a lot like a traditional lease with a few extra benefits.
Here are four of them.
- Simple for tax purposes. When the end of the year rolls around and it’s time to do the books, finding the right tax codes and determining what’s what can be time consuming. When you lease a vehicle, it’s 100% tax deductible as an operating expense, making life easier for you and your accountant.
- Free up capital– Purchasing a vehicle is a capital investment into a depreciating asset. After a while, it becomes more expensive to keep on the road and replacing it by buying a new one sucks a lot of money out of a budget. When you lease, you pay a simple one month fee and that’s it. You can go use the money you would have spent on a car on more important areas like marketing or customer service.
- Absolute flexibility– We know that in life, things change. You might move house or get more clients and suddenly find you’re travelling a lot more. The initial km’s you accounted for are suddenly not enough, resulting in extra fees. Our Smartlease has no kilometer restrictions, so we’ll work with you to determine the appropriate residual price based on the km’s you plan to travel.
- Less Stress– We work with you to identify and find the best vehicle for your business. Once that’s done, you simply need to make monthly payments for the duration of the lease. It’s one less thing for you to worry about in your business. So all you’ve gotta do is drive.
Interested in finding out more about how a Smartlease can work for your business? Simply fill in the quote request form and someone will contact you very soon.