Purchase VS. Short or Long-Term Truck Rental

Questions are often raised about the differences, but also about the advantages and limitations of buying or leasing a motor vehicle, both long and short term. If you are self-employed or if you operate a small business, this blog will interest you because it provides answers to your questions.

Club Auto Escompte in Mascouche, near Terrebonne, Rawdon and just minutes from Laval on the North Shore of Montreal, has specialized for decades in car and truck financing solutions. It has a vast experience in the field of leased vehicles and lease contracts, and can meet all your needs.

What You Need to Know About Buying, Renting or Leasing for the Long or Short Term

First of all, the following question must be answered to better understand the subject: What is leasing? Leasing is a source of financing that is increasingly being used by small businesses and the self-employed to facilitate their day-to-day activities. Commonly referred to as leasing in North America, leasing is a contract in which a finance company buys an asset and makes it available to another person (the lessee or tenant) in return for the payment of rent. This provides a significant tax benefit to the lessee throughout the term of the lease.

Thus, the lessee is not the owner of the asset placed at his disposal, but he may, at the end of the term, buy back the asset or continue to lease it or terminate the existing lease. Very often, the price agreed in advance for repurchase is fixed by the leasing contract, which allows both parties to be well informed about the terms of the contract and thus avoid unpleasant surprises.

Among the advantages of this method of financing, a self-employed worker, for example, will keep his cash for his operating budget, and will not have to make an initial payment to purchase an asset. He will benefit from a cash flow and will be able to focus on the development of his business instead of standing still. When leasing is used as a method of financing, neither the debt nor the assets appear on the financial statements, which can be another financial advantage for the SME or self-employed worker who operates his own business.

This advantageous formula, which has several advantages, provides you with greater flexibility for your current expenses in addition to reducing your tax burden. Whether its a long-term truck rental for your work in town or whether you need a used commercial truck to make your deliveries or service calls, renting a truck from Club Auto Escompte using the leasing formula becomes a plus for your professional activities.

Purchase VS. Short or Long-Term Truck Rental

Club Auto Escompte Has the Right Formula for You

By developing a trusting relationship with Credit-Bail PLUS +, you will discover advantages which are a real added value to the many services already offered by Club Auto Escompte in Mascouche, with the addition of its vast inventory of used vehicles and used trucks at your disposal.

With its team of experts in used vehicle financing solutions, Club Auto Escompte on the North Shore of Montreal, near Terrebonne, Rawdon, and just minutes from Laval, the process is always quick and easy. The service is professional, attentive and confidential.

Leasing at Club Auto Escompte comes with unlimited mileage, the possibility to buy back at any time, and advantageous tax deductions for small businesses and self-employed workers. No down payment required (subject to simple and quick credit approval), financing for added equipment and an amortization table provided at signature. So many factors that must be taken into consideration and that add to your decision to stop by Club Auto Escompte, a partner in your business success.

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