Concept of business lease car and differentiation of concepts Daniel Morton December 24, 2016 Automotive In order to make your company successful, you should consider the leasing of business cars. Business contract hire is as vital as any other factor of company’s growth. Just as owning a car for lease, the business car lease also gives you ownership of the car; however there are some set of restrictions according to respective law and rules for it. Company cars, whether you are having a small or middle level business, are used by employees for official purpose as well as by you. Numerous finance companies are there to offer you best deals on business lease cars. According to your need for the business, you will have to choose for the type of vehicle like to pick up the clients, you better need a decent car else for other purpose vans are the best. Explaining Business car leasing: leasing the car from finance company for business purposes completes the need of transportation and other necessity of vehicle which accelerates the growth and at the same; it resolves the problem of expensive investment as a whole. With an agreement of monthly cost, the finance company finances the cars or vehicle for the company for business purposes. Foreseeing as a great opportunity to buy those resources (which are expensive) for own company for company’s growth along with owning those resources in upcoming short time is definitely a best way for business lease car. Difference between rental contract and lease: However, both terms are interchangeable in meaning and commonly used as if it holds same meaning which is correct at some extent. Both terms have slightly difference in their specification as rental contract is agreement which speaks about property’s true ownership or belonging while in rented. The lease refers to the same meaning but it is a broader term where any other kind of payment is included in the contract. Lease is mutually participated and beneficial unlike contract.