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What is long-term leasing?
Long-term leasing (LLD) is a leasing contract established over a period of 1 to 5 years. During this period, the lessee undertakes to pay a fixed rent and benefits from services such as maintenance, assistance and financial loss cover, all included in the price.
As soon as the contract comes to an end, the lessee returns the vehicle to the lessor. If the lessee wishes to keep the vehicle and purchase it, he or she must apply to the lessor 6 months before returning it. The buy-back price will then be set by the lessor in line with market prices. In this way, the lessee becomes the owner of the vehicle.
Long-term leasing differs from lease with purchase option (LOA), with which the final buy-back price is established at the start of the lease.
This form of financing is suitable for all types of customer:
- companies in all their legal forms,
- the liberal professions,
- private individuals,
- associations,
- taxis.
To find out more: Should you buy your electric car under a leasing contract or a long-term leasing contract?
Why lease an electric car?
There are several reasons and advantages to choosing an electric car for leasing. Let's take a look at them.
The advantages of long-term leasing
Leasing an electric car has a number of advantages:
- Controlling your budget.
Full service leasing gives you greater control over your budget, because the monthly rental payments are fixed and smoothed over the period of ownership. With this type of lease, services such as insurance, maintenance and assistance are included in the monthly rate. So there are no surprises when it comes to paying the rent.
- Leasing allows you to change vehicles frequently.
With a long-term lease, you can change electric vehicles frequently. By returning the vehicle to the owner at the end of the contract, you can choose a newer, more efficient vehicle. What's more, at the end of your contract, if you're completely satisfied with the leased vehicle, there's nothing to stop you from requesting a buy-back.
- Test-drive the leased car before deciding to buy.
Leasing an electric vehicle also allows you to test the product before deciding whether or not to buy. By choosing the rental period (from 1 to 5 years), you can see whether the car suits you and decide whether or not to buy it at the end of the contract.
How much does a leased electric car cost?
The cost of a long-term leasing project depends on a number of factors:
- of the initial price of the electric car,
- of the duration of the long-term hire contract,
- of the chosen mileage,
- the car's residual value, which is the estimated value of the asset at the end of its useful life,
- of the services on offer.
To find out the exact cost of your rental, we recommend that you contact our Beev experts. They will be able to offer you solutions to your specific needs.
To find out more: What electric cars are available for less than €200 a month to hire?
Our electric car leasing offers
With Beev, whether you are an individual or a professional, we can help you find the offer that suits your needs.
If you are an individual, here are some offers from long-term leasing that might interest you:
Our offers of Leasing for professionals :
What is the procedure for long-term leasing?
Taking out a long-term hire contract is very simple with Beev :
- On our websitechoose an electric vehicle for individual or professional.
- Click on "Get my free offer".
- Fill in the form, click on "Send" and one of our Beev advisers will contact you and guide you through the process.
Beev takes care of everything, administratively, financially and logistically. During the process, you can ask for your file to be monitored, and at the end, all you have to do is sign the contract and wait for the car to be delivered.
Can I cancel my rental contract?
It is possible to cancel a current rental contract. However, there will be penalties. There are several ways of avoiding these:
- Lease transfer This solution involves transferring your contract to another motorist. If you choose this solution, all you have to do is find someone willing to take over your contract and the current car. For the procedure, the third party will have to submit a leasing takeover application to the lessor, together with the necessary documents.
- Early return of the electric vehicle : if you wish to break the contract before the end of the period, you can make an early return. To do this, you need to inform the leasing company by registered letter with acknowledgement of receipt. In this case, the lessee will have to pay the remainder of the rent, the residual value and any additional taxes.
Whichever solution you choose, don't hesitate to let us know your decision. We'll help you get started.
What assistance is available to finance long-term leasing?
To encourage motorists to switch to zero-CO2 mobility, the government has introduced 2 devices eligible for the purchase of electric vehicles under long-term leasing : the environmental bonus and the conversion premium. This national aid is intended for individuals and businesses.
The ecological bonus
You can take advantage of the environmental bonus offered by the French government for a long-term lease, but also for a LOA (Location avec Option d'Achat) or a LOA (Location avec Option d'Achat). LMD (medium-term rental), with no income requirements.
To qualify for the eco-bonus, here are the conditions:
- The vehicle must be new.
- Have purchased or leased the vehicle for at least 2 years.
- The vehicle must emit less than 50g of CO2/km (whether electric or plug-in hybrid).
- The vehicle must be registered in France.
The amount of the eco-bonus depends on the purchase cost of the vehicle, including VAT, which must be over €5,000 maximum.
Good to know: the ecological bonus scale has been increased to €5,000 since 1 January 2023.
Previously, to qualify for the eco-bonus, you had to keep your electric vehicle for 6 months and drive at least 6,000 km before selling it on.
Now, according to official journal of decree no. 2022-669The Energy Code states that motorists must keep their electric vehicles for 1 year. The mileage limit remains at 6,000 km.
Good to know: this new decree also applies to vehicles that have been retrofitted.
Here are the amounts to be taken into account:
| Catégories | À partir du 1er janvier 2023 |
|---|---|
For an individual : Electric cars costing less than €45,000 (CO2 less than 20 g/km) | 27 % of the amount up to €5,000 |
For a company : Electric cars under €45,000 (CO2 less than 20 g/km) | 27 % of the amount up to €3,000 |
Electric vehicles between €45,000 and €60,000 (CO2 less than or equal to 20 g/km) | 1 000€ |
Electric vans or hydrogen-powered vehicles costing more than €60,000 (CO2 emissions greater than 20 g/km) | 1 000€ |
Plug-in hybrid vehicles at a maximum of €50,000 with a autonomy of 50 km | 0 € |
The conversion premium
In addition to the ecological bonus, you can also take advantage of the conversion premiumwhich can be added to the bonus. The aim of this income-tested scheme is to help you buy or lease an electric vehicle by scrapping an old petrol or diesel vehicle.
The following conditions must be met to qualify for the conversion premium:
- If you have an old diesel vehicle, it must have been first registered before 2011.
- If you have an old petrol vehicle, it must have been first registered before 2006.
- The owner must have owned the vehicle for at least one year.
- The vehicle must be registered in France.
- You must have a Crit'Air 3, 4 or 5 sticker or no classification.
- The car must be scrapped at an approved centre 3 months before or 6 months after the purchase of a new vehicle.
The amount of the bonus depends on a number of factors:
- The category of vehicle purchased,
- The applicant's reference tax income per unit (the tax notice to be taken into account will be for the year preceding the purchase of the new vehicle),
- The distance travelled between home and work.
If you would like to know the exact amount of your premium, you can request a simulation or consult the scale applicable from 1 January 2023. To apply for the premium, go to the website primealaconversion.gouv.fr.
Conclusion
In conclusion, long-term leasing is one way of financing an electric vehicle. Your choice of financing will depend on your needs, your objectives and your financial capacity.
For more information, we've put together a guide to this topic to explore the different aspects in depth:
Read our article about :
If you're interested in buying an electric vehicle for private or business use, don't hesitate to contact our Beev advisers.
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