I had a very interesting conversation last week. I was talking about business to a chap at a weekly networking event that I go to and he asked me, “Does GWA Cars & Finance do car leasing?”
To say I was a little surprised to hear this is something of an understatement. I was one of the first people to get involved in car leasing in West Sussex some 20 years ago. And over these 20 years, I’ve established GWA as one of the leading car leasing companies in the area, leasing to both the business and private sectors.
So, obviously I need to tweak the marketing and make people more aware of that! Fortunately, it’s a good time to be talking about car leasing. The recent budget may have been one of the gloomiest for years, but for us it presents a bit of an opportunity.
The rise in VAT was obviously one of the major talking points of the budget. If you’re thinking of buying a car, new or used, it will be best to do it before next January, but the increase makes leasing cars more attractive to companies, as they cannot claim any of the VAT back on a purchase where there is any element of private use.
The changes in writing down (capital) allowances also makes leasing more attractive to companies, because it means they don’t have to shoulder the administrative and financial burden of depreciating assets that purchasing cars incurs.
So, some good news about car leasing, which is what we do!
To have a chat about buying or leasing a new or used car or van, contact Gary at GWA Cars & Finance on 01243 510 650 or sales@gwacars.com.