contract hire

[richierichs]

Hi

 

Has anyone heard of vehicle contract hire in france?

Just interested in finding out if it exists here as in UK

If so would love to hear about it all

 

Thanks

[Val_2]

Is this what the b ritish call vehicle leasing? If so, yes it does exist in France as we are always receiving mail from companies trying to get us to rent new vans and now computers as well.

[Punch]

Yes it exists. We run a Renovation/construction business here in France and our accountants said it is a very good way to "buy" a business vehicle, as all payments on the vehicle are 100% tax deductable, and TVA of course too if you are registered for VAT. France is vast and we do huge mileages here (kilometrages actually!) and so need reliable vehicules.

It often comes under different names but one of our four work vans that we have on the road here we bought new and is is leased on this basis and the deal is called Credit Bail. You pay a monthly fee including TVA , we claim the TVA back and then after the set period 3,4, 5 years etc, there is a residual to pay and then you either keep the vehicle or take out a new contract. The contracts come in all shapes and sizes ( with all servicing included for instance, and other options).  I had lease hire vehicules when I was in the Uk too and it seems exactly the same to me.

It also exists for plant and materiaux ( construction plant that is and office equipement). One of the larger hire compnies in France Loxam location offer long term contract hire on much of their range.

 

Paul.