Companies often hire fleets of cars instead of investing in buying them. This makes particular sense if a company has to provide transport for temporary consultants etc. Cars can be leased on a long term basis and maintenance is usually taken care of by the renting agencies. When it comes to leasing a car, there is usually a payment to be made up front. This is an advance payment for a couple of months and monthly rent is dependent on the value of the car itself. Obviously, if the car is new, leasing is going to cost more than it would if it were used. Companies often need luxury cars for their executives etc. Instead of actually purchasing new cars, it makes more economic sense to invest in used luxury cars. There is a lot of variety in the used car business. It is easily possible to find used Jaguar executive cars . An interesting fact about luxury cars is that they drop in value in the first few years. Opting for a car over a few years old can save you a substantial amount of money.
Because companies change their fleet of cars every few years, and because their needs are fluid, leasing luxury cars without taking responsibility for maintenance becomes their best option. This means they do not need to deal with long term depreciation and can enjoy the benefits of having luxury cars without paying the market value.
| 