Business or private, with or without tax liability, for a long period or monthly terminable: there are various forms of car leasing possible. The first distinction to be made is between private and business leasing. Then, business leasing can be further divided into financial lease and operational lease. Operational lease, in turn, can be divided into net and full operational lease. Finally, there is the option of short-term leasing for both business and private lessees.
Financial lease
Financial lease is comparable to buying a car on installment. Essentially, you take out a loan for a fixed amount per month, and at the end of the lease term, you have paid off the car and become its owner. Typically, additional costs such as insurance, road tax, repairs, and maintenance are your responsibility.
Operational lease
Operational lease is the most common form of business leasing. The car remains the property of the leasing company during the lease period and must be returned at the end of the term. Therefore, the economic risk lies with the leasing company. Operational lease can be divided into full operational lease and net operational lease variants.
Full operational lease
The most popular form of business leasing: full operational lease. This is the well-known all-in-one variant. All additional costs, except for fuel, are included in the fixed monthly rate. This way, you know exactly what you are spending on your lease car each month and do not have to worry about the costs of any repairs and maintenance.
Net operational lease
You can also choose to take certain additional costs, including repairs, maintenance, roadside assistance, and the like, at your own expense. If you choose not to include any form of service in your lease contract and only pay for the use of the car, then we call it net operational lease. This significantly reduces your monthly rate but, of course, also brings financial risks.
Private lease
The lease form for private users is called private lease. Essentially, this is the private equivalent of full operational lease. The difference is that there is no question of tax liability in private leasing. However, you benefit from the same advantages, allowing you to hit the road completely worry-free.
Short-term lease
Lastly, there is the option of short-term leasing: the specialty of Blankert Shortlease. This is a flexible variant of both full operational lease and private lease. With these last two leasing forms, you are tied to your lease car for a predetermined period (typically 24 to 60 months), which could be a problem in a changing (financial) situation. Short-term leasing, on the other hand, means that you can terminate your lease contract every day after the first month. This minimizes the risk and allows you to try out various cars!
Want to know more about the benefits of short-term leasing? Feel free to contact us by calling 038-7200 880 or sending an email to info@blankert.nl.
