Electric vehicles are gaining ground in “leasing and renting”

QCOSTARICA – At a time when gasoline is historically priced above 1,000¢ per liter, leasing and leasing electric vehicles is becoming a great option for reducing fleet operating costs.

More than an environmental fad and a matter of taste, the use of non-polluting cars for productive and private work is quickly becoming a cost management tool.

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At the same time, business owners and other customers can book the use of these vehicles quickly and contactlessly from anywhere and via a “smartphone”, implying another new trend in this market.

And it is that in addition to saving on gasoline, in the “rental” figure, customers can completely ignore the administration and maintenance of the vehicle, since they are paying for a service and not for a good.

In other words, no more oil changes, no more filter changes, no more catalyst checks, and on the contrary, customers will be able to take advantage of regenerative braking to gain autonomy.

Another advantage is that the monthly fees paid for this service are 100% income tax deductible.

The other figure widely used is “leasing”, which is a rental contract, but with the possibility of being able to acquire the vehicle at the end of the contract.

In the latter case, the fee only covers the monthly payment, insurance and Value Added Tax (VAT).

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Budget, Kinto, Total Fleet and Adobe car rentals in Costa Rica are some of the options that already exist in the market.

In the case of Budget, the possibility of acquiring one or more vehicles according to these methods is offered without the need to queue or commit your free time to unnecessary procedures, since everything can be done online.

Kinto, a project of Grupo Purdy (Toyota dealer), integrates different means of transport in an application, which allows rental for a defined period, in addition to multimodal transport.

As for Total Fleet, the specialized rental division of Adobe Rent a Car, the service area offered as part of their sustainable development project.

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Leasing, rental or loan?

Consumers and business customers can choose between leasing, renting or bank loan options.

There are differences in the options. In leasing, for example, there is the option to buy at the end of the term of the contract, whereas in renting there is none. A bank loan, for example, will give you title to the vehicle, but may be subject to liens on title.

With leasing, all maintenance and repairs are performed by the dealer (renter) based on the lease agreement, while with leasing or loaning the user is responsible for all repairs and maintenance. In the case of leasing, the user also guarantees a predetermined value of the vehicle at the end of the contract.

Long-term loans are cheaper because the interest rates are usually lower in calculating the payment. However, whereas with a loan only the interest payment is tax deductible, it is 100% tax deductible for renting or leasing.

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