One of the most admirable things about a lot of startups these days is their fresh or unconventional perspective. Many of them persistently explore fresh ideas on how to carry out operations more efficiently. According to Biz Stream, a business-oriented show on NHK World, such startups are doing right — scoring better in the industry longevity criterion.
Studies also show that these new businesses tend to manage their resources and control the often outrageous cost of launching and sustaining operations better. Plus, experimenting with unconventional and less popular solutions truly is a smart move, especially when going head to head with industry veterans. It’s a great way to differentiate their brand, but also discover the amazing value of non-traditional solutions such as shared commercial spaces and long-term car leases for business.
Speaking of a long-term car lease, Dubai car rental companies say this has proven to be quite an excellent way to elevate processes and, at the same time, bring down the cost of newly launched operations by offering the following benefits:
1. Company vehicle without the hassle
One of the leading benefits of opting for a long-term car lease for the business is not only is it more affordable than buying a car, but the arrangement also frees the company from other responsibilities such as registrations and upkeep efforts and payments.
You can also get a reliable and impressive vehicle to strengthen your brand. Temporary customizations are often allowed, such as covering the car with decal body paint or sticking your company logo design to it. All in all, you can create an authentic company vehicle to serve your branding goals.
2. Mobile operations
A leased big van is sometimes all a startup needs to work around strict business regulations that only accrue costs. It can be more profitable for a startup to not operate in a permanent location and, instead, bring the business closer to potential users.
But the even more significant advantage here is with long-term vehicle lease is not permanent ownership. Should the business be able to afford a permanent commercial space eventually, it doesn’t need to be stuck with a vehicle that it no longer needs as much. You can easily return it to the lease company and perhaps replace it with a new vehicle that is more appropriate to your new operations.
3. Immediate provision of aid in times of trouble
Another advantage of a long-term car lease for startups is the arrangement usually includes immediate aid in case of breakdown and other types of vehicle trouble. What’s more, with some lease companies, you don’t have to pay extra for the repair services because your monthly payments cover these.
It’s worth mentioning that most auto lease companies offer the convenience of pickup for leased cars that require repair. They may even temporarily replace the vehicle with a different one if you need to use it. This way, the business activities that you require private transportation for will not get derailed.
Innovative Startups that a Long-Term Car Lease Serves Well
So, those are some of the business benefits of this provision. Meanwhile, listed below are some innovative startups that can benefit immensely from long-term vehicle lease.
1. Fast Food Truck
Food trucks are all the rage, especially in highly urbanized locations where people dine and go. Another great thing about food trucks is that in some cities all they really have to do is park and serve people. They don’t need a permit or even have to pay for one.
Food trucks are not easy to procure, though. Fortunately, there are auto lease companies that include trucks designed for such a business in their fleet or have big vehicles that can pull a food trailer, which is a more affordable investment than an actual food truck.
2. Bookstore on Wheels
This is another trendy business these days. Tome-lovers sell both new and second-hand books (as well as magazines) from the back of a truck or van at weekend flea markets, school fairs, the parking lot of universities, and locations where there’s no bookstore.
Container vans are splendid choices for such a startup. But again, these vans are quite expensive to purchase. So, it’s a blessing that most auto lease dealerships have container and specialist vans that can be fitted with shelves and a few homey pieces of furniture to create a cozy shop instantly where customers can buy books.
3. Mobile Boutique
There are car lease companies that already offer specialized vans with built-in store features, which are perfect for a mobile boutique. But, if you can’t find such a vehicle, you can opt for a leased truck or van that can hold all the pieces of display equipment you need to showcase everything from accessories to clothes and shoes in various locations.
A lot of young fashion designers point out that a leased vehicle is the practical solution for them while they’re establishing firm footing for their business. By opting for a lease instead of buying a vehicle, they get to keep startup expenses low — no expensive rent contract and utility bills to cover. Plus, they can take their merchandise right where it can gain a lot of interest – such as bazaars, flea markets, and events where mobile vendors are often invited.
4. Salon On-the-Go
This type of business is gaining popularity in different parts of the world, especially in areas where most residents are either too busy to commute or drive to the nearest barbershop or beauty salon or have mobility issues.
The business’s operational cost is much lower because there are no rent and utility expenses to pay. On top of that, like other mobile businesses, a salon on-the-go can place itself right where the demand is. It can attract more customers and develop a loyal clientele that enjoys the convenience of services being taken to them.
A Practical and Reliable Option
There’s no denying that a car is crucial for a lot of startups or SMEs, whether or not they are conventional operations. However, buying a vehicle can derail operations because it’s a pricey investment. As mentioned earlier, car ownership comes with additional costs that can financially set back a new business further.
Fortunately, this is the age of out-of-the-box solutions. Buying a car is not the only way for a new business to have a vehicle to use. A long-term car lease is a fantastic available alternative. With this option, you get all the transportation benefits without many of the overwhelming responsibilities of ownership.
As Co-founder and Key Account Manager for UAEdriving.com, Felin Francis is responsible for translating the vision of UAEdriving.com into an easy-to-use online car rental portal for our customers. She holds a Bachelor in Commerce degree from the Pune University, India (2013) as well as a Masters of Business Administration degree from the Pune University, India (2015).