Take the hire road Avoid cost and depreciation by leasing your vehicles instead of buying them C ould vehicle leasing offer your business an alternative to outright purchasing that will give your �leet a new lease of life? For many companies, outright purchasing of company vehicles is seen as a no-brainer. This is largely due to a belief that ownership adds value - but is there really any truth to that? With vehicles notoriously depreciating in value the moment they leave the forecourt, there is an argument that such huge capital expenditure is as good as burning money. Let's take a look at the pros and cons. Increasingly, many organisations are realising that leasing can provide big benefits - from cost savings and simpler administration to regular vehicle upgrades and enhanced driver safety. Buying vs leasing Most of us know what's involved in purchasing a vehicle. You hand over your money, drive it home, pay for regular servicing and MOTs, and fork out every time an ignition coil or sensor bites the dust. It can be both expensive and troublesome - but, you own it. And for some companies, that's important.