- Rental and leasing body has published new funding guide
- Explains the pros and cons of different funding options
- Compares opting for cash with taking a company car
The BVRLA – the British Vehicle Rental and Leasing Association – has compiled a new guide to vehicle funding for company car drivers and businesses.
The Guide to Vehicle Funding, put together in association with consultants Grant Thornton, aims to assist consumers and companies in choosing the best funding set-up for their needs. Considering the pros and cons of buying a vehicle outright compared with numerous funding options, this report explains the ins and outs of taking a company car vs the cash alternative.
The 44-page document can be accessed as a PDF file through the BVRLA’s website and includes a finance glossary. Commenting on the publication, BVRLA chief executive Gerry Keaney said: “Various options are available, each of which has its own advantages and disadvantages depending on an organisation’s operational objectives, accounting methods and cash flow requirements.
“We believe businesses and consumers will find this guide very useful when they are navigating the complex landscape of vehicle finance.”