Digital firm turns to leasing EVs to free up cash for expansion
The firm, which specialises in creative design, website development and strategic digital marketing for local clients, has acquired a Tesla Model S on a leasing deal with Lex Autolease in move to support new expansion plans and streamline operations.
The company also anticipates leasing further electric cars in the future to free up cash to reinvest in the business and provide an attractive proposition for new employees.
Roy Moody, director of Blue Logic Digital, said: “The significant growth we’ve achieved over the past couple of years has allowed us to really put our foot down on expanding the business. As we continue to develop our footprint in the digital sector and bring in new staff to support growth, we’re looking to make meaningful changes across the business to free up cash for further investment.
“Leasing wasn’t something we’d previously considered but the switch has enabled us to cut our overheads while providing a greater choice of vehicle. After investing in the Tesla, we’re set to save in excess of £2,500 a year on fuel costs alone.”
Wendy Buchanan, relationship manager for Lex Autolease, said: “Our work with Blue Logic Digital demonstrates the range of vehicles leasing can provide, giving companies access to cars and vans they may not have been previously able to purchase outright. The new agreement also makes sense financially, reducing the costs and risks of ownership which helps put the business in a strong position to focus on further expansion.”For more of the latest industry news, click here.