Financial Renting

Financial renting contracts are drawn up in accordance with your specific requirements. On top of the rent,  services listed below are or can be included in the contract.

This formula is a rental agreement and covers:

• Financial rental
• Budget for servicing and minor repairs
• Taxes (motor vehicle tax, road tax), free choice of whether to register the vehicle in the name of leasing subscriber or Excelease
• Breakdown assistance:
  • 24h/24
  • in the event of a mechanical breakdown, accident, theft or vandalism
  • valid in Belgium and abroad
  • courtesy car for ten days if the vehicle is immobilised and after the intervention of the VTB-VAB breakdown service
• All-risks insurance (civil liability, risk retention, legal aid)
• Driver’s insurance (optional)
• Residual value: purchase option (minimum 16% of the net investment)

 

Accounting and tax aspects

• Renting is an off-balance-sheet transaction. This means that as the client you do not include the vehicle under the assets on your balance sheet, but can book the monthly invoices immediately as expenses
• In terms of taxation, you as the client do not have to book the write-down yourself, as you do not include the vehicle under the assets

 

Your benefits

• 100 % financing without encumbering the operating capital
• No prefinancing of VAT
• No mileage limit
• You decide whether to take up the purchase option
• Maximum residual value results in a low monthly rental
• You remain mobile at all times (security of breakdown assistance)
• Clear communication and prompt claims management.