Many businesses have recognized the significant advantages that leasing an electric vehicle brings to their operation. For example, an organization that produces hazardous waste may find that they can expedite their permitting process and avoid additional fees by investing in a zero emission vehicle. The same is true for companies that are concerned about being environmentally conscientious. By leasing a vehicle, a company demonstrates they are responsible and capable of making decisions concerning their operations that affect the environment. Companies also have the opportunity to provide themselves with a green image and as a result may receive discounts on merchandise, services and products when they operate a zero emission fleet.
The potential for growth and expansion is an additional reason that many corporations view leasing as a sound financial investment. If a company is able to expand at a rapid rate, the benefits created by leasing a high-end or hybrid vehicle can become very attractive. In addition to helping to meet the demand for transportation, leasing will help to manage long-term costs, improving profitability and preventing the need for large capital investments.
A third common reason why a business owner considers leasing a vehicle is the ability to manage cash flow. Because leasing provides a company with a low-risk method of acquiring new vehicles, profits can increase while operating expenses remain relatively low. In some cases, leasing allows a company to maintain its competitive edge and maintain a certain level of technological superiority. As technology changes, so do regulations and companies need to consider the implications of leasing a vehicle.
Business owners seeking to make an investment in electric vehicle technology should first develop an investment plan. The initial investment may be minimal, but if the goal of leasing is long-term performance improvements, the cost per mile should be above average. For this reason, it is important to determine how much the company can afford to spend on a vehicle and then compare that amount with the potential savings realized by leasing.
When evaluating a business’s opportunity to take advantage of a leasing option, one of the most important factors is the management team. A company must have a management team that is interested in leasing, willing to make leasing a priority, and has the know-how and experience necessary to successfully lease a vehicle. A leasing manager should make leasing a top priority and provide regular updates on company progress. Leasing can be very effective for small businesses that are unable to meet their short-term vehicle purchase requirements. While there may be other, less expensive, measures a business can take to improve its bottom line, leasing is a very powerful way to achieve those goals.
Today, more than ever, business owners are asking themselves “How can I invest in electric vehicles?” For many companies, the answer lies in leasing. When a business makes a commitment to reducing emissions and improving its overall performance, it can realize significant results. In fact, the future of business may be fueled by electric vehicles.