To buy or to lease? That is the question. Each business owner and manager is responsible for making the smart financial decisions necessary to keep the business thriving. Whether you're establishing your first business fleet or building out an existing fleet, there is a single very important question to ask yourself. 

Your business needs a truck to make deliveries to customers, or to move supplies and equipment around. The problem is, you're not sure whether you should take the money out of your capital reserves to purchase one, or if you'd be better off leasing.

Building a vehicle fleet for your business doesn't always involve buying your own cars. Many businesses find that the need to constantly update the fleet and remain flexible makes ownership less than optimally convenient. There is never time to pay off a vehicle because your company needs change or it's time to trade up. 

One of the main concerns of a business owner is the financial health of the company. Increasing revenue and controlling costs are essential in order to maintain adequate cash flow and improve profit margins. There are many decisions that need to be made in order to accomplish these goals, including whether to buy or lease commercial vehicles. 

When you think of transportation for your business, you probably imagine the responsibilities and expense involved with purchasing new cars. Or perhaps worse, your finances will only allow you to face the gamble of searching for quality used vehicles to meet your needs. There is another option to consider.

Hybrid vehicles are a popular choice for business owners and contractors for a number of reasons. These cars have been growing in popularity for many years and provide a sensible alternative to pure internal combustion engine vehicles, or electric ones.

There are many types of business that require the use of a vehicle or a fleet of vehicles. Whether it's a fleet of two or a fleet of two dozen, the vehicles used by your business need to be in top condition for appearances and performance.

There are many reasons it might make sense to lease a vehicle for your business. You might need the room that a van provides. Or there might be too much wear and tear to put on a personal vehicle. There are a lot of tax benefits of leasing a vehicle as well. The Balance Small Business notes "With car leasing, the residual value at the end of the lease can lower the lease cost," making it an even more affordable option for businesses of all sizes.

If it's time to expand or upgrade your commercial vehicle fleet and you're nervous, it's okay.  We understand.  This is probably an exciting time for you, your business is expanding or improving, and you need to upgrade your existing commercial fleet.  Don't let the idea of leasing sap your excitement or energy.

Whether to buy or lease fleet vehicles is an age old dilemma for business owners. Deciding upon the choice that benefits the company and its customers best isn't always easy. In fact, it's a difficult decision that requires additional information.