Leasing a car as a self-employed person: you have to arrange this
17 juni 2024
When you have started your own company, it is of course important that you have various things in order. For example, it is good to start your work, ensure that you can handle the workload and you must ensure that you visit your customers. For the latter, it is of course important that you can move easily from A to B. For example, as a self-employed person you can lease a car at the company. This way you can go from appointment to appointment without any problems. However, it is important that you arrange a number of things when you talk about leasing a car. Below you can read exactly what you need to arrange if you want to lease a car as a self-employed person. Below you can read exactly what you need to arrange if you want to lease a car as a self-employed person. We at 123Lease could also help you find a good company car to lease.
1. Choosing the right car
First of all, it is of course wise that you choose a lease car from 123Lease that suits you and of course your company. This way you can drive to your business relations with ease. If you have your own construction company, it is wise to use a van. This way you can take all your tools and other attributes you need for your work.
If you have meetings throughout the country, you can of course also opt for a passenger car. This way you can get to your customer's destination quickly and easily. Also choose a car that you can drive comfortably. Consider, for example, a manual car or an automatic transmission. In any case, it is smart to choose a car that meets your needs: after all, you have to cover a lot of kilometers in it. At 123Lease we can help you find the right car for your company. Our lease advisors have years of experience to tell you which car from stock best suits your situation.
2. Pay attention to additional tax
It is also good to look at the additional tax on your lease car. You must pay additional tax if you also want to drive your business car privately, if you think you will drive more than five hundred kilometers per year on a private basis. The amount of the additional tax is determined on the basis of a number of factors. Consider the list value of the car and the associated percentage. For example, you pay less additional tax for an electric car, since this additional tax percentage is lower. This percentage is 16 percent for the first 30,000 in 2024. Otherwise the additional tax percentage in 2024 is 22 percent.
If you choose to only drive for business purposes, you do not have to pay any additional tax and your car will be fully owned by the company.
3. Insurance for your business car
In addition, it is of course important that you properly insure your new lease car. You may have opted for a financial lease. This lease form ensures that you are also financially responsible for your own car. Then consider costs such as maintenance and therefore the insurance of your car that you have to pay for yourself. There are different types of insurance that you can take out when it comes to your car. In the Netherlands, for example, it is mandatory to have at least third party liability insurance. If an accident happens that you caused, you do not have to pay for someone else's damage. For your own harm, yes.
You can also opt for car insurance that insures everything, up to your own mistakes and someone else's mistake. If you bump into a post, if you touch someone else in the car or if hailstones make dents in your car, this will be resolved in no time with this insurance. This insurance is also better known as all-risk insurance. Finally, you also have car insurance that is in between. Here you are also insured against, for example, window damage due to hail, but you do have to pay money if your car hits a post. This is the limited comprehensive insurance. In this way, it is wise as an entrepreneur to look at what the best insurance is for your new lease car so that you can hit the road without any problems.
4. Lease contract
If you want to lease a car, it is important that you sign a lease contract in which the conditions are described and what you must take into account. 123Lease also wants to support you in this, we take care of the contact between you and the bank, so that everything can run smoothly. If desired, 123Lease can also make contact between you and the dealer.
A lease contract can be put together in many different ways. In most cases, the duration of the lease contract is drawn up and the monthly costs are discussed with you. However, it is important that you can reach an agreement with the leasing company about the duration of the contract and the rates of the car. Be sure to take a look at these rates, which often consist of the monthly amount associated with the term, but also check the final term.
So choose a car that you can afford to pay the monthly costs. This way you don't have to pay a large sum at once for your business lease car, but you can, as it were, pay off the car every month. With financial leasing you have the option to keep the car after the term of the contract. In addition, financial leasing provides another major advantage, namely that you can take advantage of tax benefits such as VAT refunds. So choose a lease contract that is feasible for your company and that fits your finances.
5. Advertising on your car
Finally, of course, you also have the car and the model itself. Of course, you want to make sure that you advertise the car enough: after all, it is your company's car. And getting a company in front of people is of course very easy on the road. It is therefore wise to think about stickers on the car. For example, you can have your logo stickered on the car, your company name, telephone numbers or an email address. This way you can draw attention to your company through advertising on your brand new lease car. With financial leasing, stickering your business car is no problem, as the car is already yours from an economic point of view. Of course, always check the conditions in the contract, which you have drawn up together with the help of 123Lease.
