Buying or renting a professional vehicle?

Buying or renting a professional vehicle?

To obtain a vehicle or a fleet of vehicles, companies have different financing possibilities: cash or credit purchase or rental (long-term lease or leasing). To meet the needs and situation  of each company, รถ เช่า ถูก ๆ เชียงราย an ideal financing method exists.

Long Term Rental (LLD)

The mechanism of the LLD is simple. The company commits to rent a vehicle for 1 to 5 years on average. It benefits from a new and new vehicle covered by the manufacturer’s warranty  รถ เช่า เชียงราย 7 ที่นั่ง  without having to finance it. Indeed, it only pays rent at the fixed amount and frequency (usually monthly, sometimes quarterly) based on the type of vehicle, the duration of engagement, the annual mileage and additional options subscribed by the tenant. The budget is therefore controlled and rents are recorded as deductible expenses.


This formula is often equated with Lease with Purchase Option or LOA, which is nevertheless reserved for private tenants. In practice, the company chooses a vehicle and asks a credit agency to buy it and rent it to them. The tenant owes monthly payments to the lessor (the finance company) throughout the term of the lease. The latter is the owner of the vehicle until the end of the contract. At this point, the renter can buy the vehicle by paying the residual value, which has the advantage of being low compared to the market value of the car.

renting a professional vehicle

The advantages of renting

While many companies use professional car rental, SMEs are still rare to opt for this formula which does not lack attractions compared to the purchase or compensation kilometer.

Wide choice of quality vehicles

The offer of professional vehicle rental is very wide. The customer chooses the type, the brand, and the model. It may even require custom-made vehicles with specific equipment such as refrigerated commercial vehicles. The vehicles are often new, regularly renewed, always reliable and perfectly maintained. Either the maintenance is entrusted to the lessor, or it is carried out in the manufacturer’s network as part of the guarantee. In both cases, this maintenance by approved experts is a guarantee of safety for the driver. In addition, it avoids unforeseen costs and other inconveniences caused by accidents.