• Start Ups
  • E-Commerce
  • Insurance
  • Gig Economy
  • Tech
  • Office
  • Taxes
  • Law
  • Funding
  • Marketing
  • Infographics
  • Podcasts
  • Videos
Sign in
Welcome!Log into your account
Forgot your password?
Privacy Policy
Password recovery
Recover your password
Search
  • About
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Privacy Policy
Password recovery
Recover your password
A password will be e-mailed to you.
TheSelfEmployed.com TheSelfEmployed.com
Your Gig Just Got Easier TM
TheSelfEmployed.com TheSelfEmployed.com
  • Start Ups
  • E-Commerce
  • Insurance
  • Gig Economy
  • Tech
  • Office
  • Taxes
  • Law
  • Funding
  • Marketing
  • Infographics
  • Podcasts
  • Videos
Home Gig Economy Should You Consider Car Leasing When You’re Self Employed?
  • Gig Economy
  • Lifestyle

Should You Consider Car Leasing When You’re Self Employed?

By
Sophie Turton
-
December 16, 2019
0
  • 1share
  • 0
  • 0
  • 0
  • 1
Share via
    Should You Consider Car Leasing When You’re Self Employed?

    When you’re self-employed, you’re responsible for sorting out your own transportation. If you don’t have a large sum of money to purchase a vehicle outright, you may be considering leasing.

    The question is, is leasing really a good option for the self-employed? Here, you’ll discover everything you need to know.

    Is leasing a good option?

    At one time, if you were self-employed leasing wasn’t an option available to you. However, as self-employment is now becoming the norm, companies have made it easier for you to be accepted.

    There are certainly a lot of benefits to leasing a car for business. You won’t need to pay a large sum of money upfront for example. This means you can potentially get a more expensive car than you could otherwise afford. The repayments are also kept fairly low, particularly if you have a good credit rating.

    Another benefit is that the leasing period usually runs for three to four years. After this, you can lease a new car. This allows you to get a new car every three years if you want to. Of course, you can also choose to lease to buy where you’ll get to keep the car at the end of the lease.

    Which cars can you lease?

    You’ll find there are quite a lot of different models you can lease. Top dealerships like ZenAuto offer everything from stylish Seat models to more luxury brands such as Audi and BMW.

    Generally speaking, if you can buy a particular model, you can almost certainly lease it. However, you’ll need to take a few factors into account before choosing the right model for you. Consider the image you’re looking to present and your budget.

    Things to consider

    There are a lot of things to consider before leasing a car when you’re self-employed. The most obvious is the repayments.

    When you’re self-employed, you don’t have a stable income. So, when you’re looking at the repayments, it’s important to take into account potential quiet periods. If business slows down, can you afford to still make the repayments? You’ll also want to consider the type of lease you’d prefer, and the interest rates you’ll be facing.

    Overall, car leasing can be a great option for the self-employed. It does provide numerous benefits over buying a car outright. However, you do need to plan ahead and ensure you’re only taking out a lease agreement you can afford even in the quieter times.

    Previous article Taking Your Product Experience to the Next Level
    Next article How Does Magento 2 Review Extension Boost Effectiveness in Your Ecommerce
    Avatar
    Sophie Turton

    Recent articles

    Marketing

    Mistakes You Need to Avoid in Digital Marketing

    Samantha Acuna - January 22, 2021
    4 of the Best Marketing Tips for Small Businesses

    4 of the Best Marketing Tips for Small Businesses

    January 22, 2021
    The Secrets of Successful Morning Routines for Entrepreneurs

    The Secrets of Successful Morning Routines for Entrepreneurs

    January 19, 2021
    6 Silly Myths of Self-Employment

    6 Silly Myths of Self-Employment

    January 19, 2021
    When is it Time to Hire a Team of Employees or Contractors?

    When is it Time to Hire a Team of Employees or...

    January 19, 2021

     

    Follow & Subscribe

    Newsletter Signup

    Signup to get weekly tips and advice to help make your self-employed journey easier!

    Thank you!

    Please check your email to confirm your subscription.

    © 2021 - The Strauss Group, Inc. All users of this site are protected by our Privacy Policy and bound by our Terms of Use