📍 Car
No impact on expense deductibility
We deliberately leave out the leasing option. In fact, leasing is a hybrid solution between financing (your accounts hold the vehicle as a fixed asset in their accounts) and renting (you receive a rental invoice each month with VAT applied, and you have a purchase option at the end of the contract). We now present the two options usually encountered by BILLY customers:
| Financing | Renting |
Invoice | 1x at time of purchase | Monthly |
Purchase option at end | / | Minimum 16% VAT |
VAT | On purchase price | On each monthly rent including interest |
Ideal for | Keeping your car for the long term (over 5 years) | Reduce short-term cash outflows
+ possibility of including insurance, maintenance, etc. in the rent (no unpleasant surprises) |
In 1 word | The cheapest | The most flexible |
Financial or operational
When leasing or renting, you can opt for “operational” (rather than “financial”) financing. This means that the financing also includes vehicle-related services: insurance, maintenance, tire changes, etc.
💡 Taking into account the car tax system and the rapid evolution of the electric car market, we recommend the flexibility of renting. With a purchase option inflated to 20%.