Owning and leasing can both work. The better choice depends on cash flow, mileage certainty, replacement habits and how much residual-value risk the business wants to carry.
Ownership gives flexibility
Owned vehicles are not tied to contracted mileage or return standards. That can suit unpredictable use or businesses that keep vehicles for a long time.
Leasing can improve predictability
Fixed rentals and planned replacement can simplify budgeting. The trade-off is that mileage, condition and early termination terms matter.
Compare like with like
Put finance cost, servicing, tyres, tax, downtime, administration and likely resale value into the comparison. Monthly rental against purchase price is not enough.
Use a mixed approach if it suits the work
Some businesses own specialist or high-mileage vehicles and lease more predictable company cars. There is no need for every vehicle to follow the same funding model.