TESLA CAR SUBSCRIPTION

When you lease an electric car for business, a leasing company makes the car available to your company for a fixed monthly price. You can start using the car right away. Leasing a car has many advantages

First of all, you don't have to pay the full purchase price at once. This keeps your resources free for other business purposes. In addition, monthly lease costs are often clear and predictable, making it easy to plan your budget.

You also don't have to worry about things like maintenance, repairs and insurance, as these are often included in the lease contract. This saves you time and effort, and you can focus fully on your business activities. Leasing a car therefore offers flexibility, convenience and clarity for your business.

1. Determining your needs: First you determine your company's needs. Think about the type of electric car you need, such as a passenger car, van or a specific make and model. Also consider things like the desired lease period, expected mileage and any specific requirements.
2. Finding a leasing company: Look for reliable leasing companies that offer business car leasing. You can search online, ask for recommendations or contact other entrepreneurs for advice.
3. Quotes and negotiation: Contact the leasing company and request a quote based on your specific needs.
4. Acceptance: The leasing company assesses your application based on your company's details before the lease contract is drawn up.
5. Signing the contract: If you agree to the lease terms, the leasing company will draw up a lease contract. Make sure you read and understand the contract thoroughly before signing it. The contract covers details such as the duration of the lease, the monthly payments, the mileage policy, insurance and any other conditions.
6. Delivery of the electric car: After signing the lease contract, the car is ordered or delivered according to the agreed specifications. The leasing company ensures that the car is in good condition and ready for use.
7. Payments and use: During the term of the lease contract you pay monthly lease costs to the leasing company. You can use the car according to the agreed terms, taking into account any restrictions such as mileage limits and maintenance requirements.
8. Maintenance and insurance: Depending on the type of lease contract, maintenance and insurance services may be included. Consult the lease contract to understand your responsibilities and which services are covered by the leasing company.
9. End of the lease contract: At the end of the lease period you usually return the car to the leasing company. Make sure you meet any return conditions, such as returning the car in good condition and staying within the agreed mileage. You then have the option to choose a new lease car and go through the process again, or you can consider other options, such as extending the lease contract or buying the car at an agreed price.

Electric leasing is in about 80% of cases more advantageous than buying an electric car, even if you drive few kilometres.

When you lease, the management and maintenance of the car are taken off your hands by the leasing company, saving you a lot of time and effort. There are also other benefits, such as paying a fixed amount per month. Maintenance costs, insurance costs and road tax are already included in the price. Only fuel costs are variable. This gives your business clarity about its expenses. Leasing is often considered attractive, especially if you don't have starting capital.

Please note: If you also use the lease car privately and drive more than 500 kilometres per year, you will have to pay benefit-in-kind tax. In 2023, electric cars had a benefit-in-kind rate of 16% and other cars 22%. You should also bear in mind that you usually sign a contract for a longer period, for example 2 to 5 years.

1. Paying benefit-in-kind tax
Looking at the statistics, about 80% of drivers in a lease car pay benefit-in-kind tax. If you drive more than 500 kilometres privately per year, you will pay benefit-in-kind tax. It is not a fixed amount; it differs per car. Exactly how much you pay depends on factors including the car's list price and the benefit-in-kind category the car falls into.

2. Private driving and VAT
If you use the lease car privately, you must offset your private use against your car costs.

The leasing company charges you VAT. You can deduct this as input tax insofar as you provide services that are subject to VAT. If you also use the car privately, you must pay VAT on the private use.

1. Business electric leasing:
   • Look at the lease rate: The monthly lease rate depends on the car's list price, the term of the lease contract and the number of kilometres you expect to drive per year.
   • Check the benefit-in-kind tax: If you also use the lease car privately, you must pay benefit-in-kind tax. The amount is determined by the list price, the car's benefit-in-kind category, your income and any personal contribution.
   • Take other costs into account: Besides the monthly lease rate, there may also be other costs, such as charging costs, parking costs, traffic fines, etc. Road tax is also an extra cost that will have to be paid once the government has decided what motor vehicle tax for electric cars will be.
2. Business electric buying:
   • Research the purchase price: Look at the price of the car you want to buy, including any extra options.
   • Calculate depreciation: Cars depreciate over time. Take into account the expected loss in value of the car during the time you want to use it.
   • Other costs: Besides the purchase price, you also need to take into account costs such as insurance, fuel, maintenance, damage, repairs and any taxes.