Expat Community > France

antifreeze
Joined 2016
Posts: 60

Car: to rent, buy, or lease

8 years ago

In time, after we complete our move to Nice, my wife and I will probably want a car. The question is which option to take.

First, do we just rent a car from the local Hertz, or whatever agency whenever we feel like heading off somewhere. And what if we want to be at that somewhere for, say, a month or two? This option doesn't see to attractive...probabliy too expensive.

The second would be to buy a new car, but there you have insurance fees and the 20% VAT. Probably again to expensive

Third, lease a car. The biuy-back program sees almost idea. Less expensive than renting and insurance is included. But we would want a long-term lease, for maybe a year or two. Can that be done? And can an expat living in France have such a lease, or is it just for tourists?

I suppose there's also a fourth option: buying a car coming off from being leased. It would be less expensive than a new car and, if I understand what I've been reading correctly, there would be no VAT. But I'm not sure about my information and how to go about buying a car that had been leased for the previous year.

Any advice, words of wisdom,etc., would be greatly appreciated. Thank you very much in advance.

antifreeze

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SJB Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model.
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Expat Community > France

Car: to rent, buy, or lease

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