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Renting: Long-term rental

In renting, your company enters into a contract with a leasing company for the rental of a company car, with precise terms regarding duration, mileage and cost. The leasing company then assumes economic ownership, meaning it remains the owner of the car until the customer has paid the loan in full. 

As a result, your company does not need to include the car in its balance sheet, which does not affect its debt level. Monthly payments are counted as expenses. At the end of the contract, you have the option to purchase the vehicle, with a minimum residual value of 16 %.

Advantages

renting

  • Maintain the company's borrowing capacity : No additional guarantee is generally required. You therefore keep your guarantees for other loans and have additional margin to finance your operating capital and consider other investments.

  • Monthly bills are expenses : Renting does not include any miscellaneous services (such as regular vehicle maintenance, repairs, assistance services, car insurance, or tires.).

  • Purchase price defined in advance : At the end of the rental contract, the lessee buys back the vehicle at a price defined in advance and which is equivalent to a residual value of between 16 and 20%. 

  • Flexibility and customization : The car rental contract can be adapted to the specific needs of the tenant, with regard to the duration of the contract, the vehicle model, the annual mileage.

What is the difference
between operational leasing and renting?

Learn more

What is the price ?

of a rented car

The price of renting a car can vary considerably depending on several factors. 

To obtain the exact price of a car rental, you can ask us for a quote. 

Contact us for a quote

Factors to consider are: 

  • The model of the car : The choice of car model has a major impact on the cost of Renting. Luxury or high-end vehicles will generally cost more to rent than economy cars.
  • The duration of the contract : The longer the duration of the Renting contract, the lower the monthly payments can be. However, a longer duration may also result in a higher total cost.
  • Annual mileage : The annual mileage agreed in the Renting contract affects the monthly payments. If you plan to travel more kilometers than stipulated in the contract, this may incur additional costs.
  • Services included : Renting may include insurance. 
  • Special offers : Some leasing companies offer special offers, promotions or discounts, which can reduce the cost of Renting.
  • The initial contribution : The amount you initially pay as a deposit or down payment can also influence monthly payments. A higher down payment can reduce monthly payments.
  • Insurance : The cost of car insurance is generally not included in the Renting contract. But if the customer wishes to include it in the Renting, the amount of the insurance is integrated into the monthly payment.
  • The taxes : Taxes, such as the registration tax (TMC) and the annual road tax, may vary depending on the region or country, but they are not taken into account in the total cost of the Renting.
Contact us

Do you have a leasing project?

Schedule an appointment and let’s evaluate the best options for you and your team.

[email protected]

BE079 819 67 66

Founded in 2015, JJFIN is a Belgian company that has quickly made its mark in the car leasing sector. Specializing in car leasing for both businesses and individuals, we offer tailor-made solutions to meet your needs.

JJFIN

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