What is renting?

Renting is the long-term rental of fixed assets such as vehicles or office and computer equipment. The contract has a fixed term with set instalments that do not change throughout the term, and tend to include maintenance costs, insurance, etc.

It is intended for large companies, SMEs, self-employed and even individuals.

What are the benefits of renting?

Control: Fixed instalments allow control over expenses and avoid added and surprise costs.

Services included: In addition to using the good, the renting option normally includes maintenance, insurance and all related matters.

Flexibility: The renting contract adapts to the needs of each customer, adjusting the instalment according to the duration, the services included, and in the case of vehicle leasing, mileage.

Specialisation: Renting makes it possible to externalise a part of the business to a specialist that offers consultancy, a help service and time-saving.

Favourable tax treatment: Renting is considered an expense for companies and the self-employed, so its VAT is deductible according to the customer's tax regime. The instalment amount can also be deducted for Income Tax purposes according to the customer's tax regime.

What types of renting are there?

  • Car and vehicle renting. Long-term vehicle rental with all services included. Up to 3,500 kg of MAW for passenger cars and industrial vehicles.
  • Technological renting: Long-term rental of equipment with value added services included. For goods related with the full IT scope (computers, laptops, tablets, printers, photocopiers, etc.) from any make/manufacturer.

You might be interested in