Service Rent specialises in ‘shortlease’ but we cater for all leasing and rental arrangements.
Shortlease means short-duration car leasing.
Non-committal durationNo notice periodCompetitive prices
When you lease a vehicle, the transfer of the right of ownership is key.
You are the economic ownerPurchase option at the end of the lease periodCompetitive prices
Rentals, as the word says, are about actually renting the asset, in this case a vehicle.
Actual rentalSupplementary service packageCompetitive prices
If you are a fleetowner, Service Rent is available to handle the management of your fleet from A to Z.
You are the ownerYou save timePersonal approach
Expertise, transportation and reconditioning of lease vehicles.
We pick up the carDeep cleanDelivered to you ready to hit the road
Shortlease means leasing for a short term. In a lot of cases, these are time periods ranging from 2 to 12 months, with a 1-month notice period for example. Shortlease is often used where organisations need extra cars on a temporary basis: as cars on loan from stock as courtesy cars pending the arrival of the cars ordered, with one-year contracts or temporary contracts for new or temporary staff.
A shortlease contract sits somewhere between a rental agreement and a lease contract. It combines the best of both worlds: the competitive prices of a lease renting contract and the non-committal duration of a rental agreement. You pay an agreed monthly fee which includes a number of free kilometres.
Why Shortlease?
If you opt for a lease contract, you sign up to lease the vehicle for a 3 to 5-year period. This keeps the monthly charges down, but also restricts you in terms of your fleet’s flexibility. Especially as you cannot just decide to hand a lease car back in without breach of contract and the associated added cost.
A shortlease car, on the other hand, can be returned whenever you want. This makes shortlease eminently suited for temporary or new employees, expats or employees on annual or temporary employment contracts. Ideal for companies that are looking for permanent, year-round flexibility!
The benefits of Shortleasing with Service Rent
Service Rent’s Shortleasing arrangements are certain to provide a solution tailored to your situation.
As quality service is paramount at Service Rent, we gear the lease period to suit your wishes. What makes us unique is our plans, which can be easily terminated in the interim without added expense. You pay for the actual use of the vehicle. In addition, the prices are all-in, which means you know upfront which kind of budget you are looking at each month. No unexpected bombshells!
Alongside the fact that we make suggestions regarding the best choice of car at the time of booking, you also get the full benefit of our main assets, and all the benefits offered by Service Rent on Shortlease contracts.
Your benefits at a glance:
When you lease a vehicle, the key thing is the transfer of the right of ownership. To clearly distinguish leasing from operational leasing (see renting), we should refer to leasing as financial leasing. The lessee, your company, becomes the economic owner of the leased asset. The lessor remains the legal owner. At the end of the lease period, we offer the option of purchasing the vehicle up to a maximum of 15%.
The benefits of leasing and renting
In addition to the differences between Financial Leasing and Rental, the two obviously also share a number of common benefits compared to a regular loan or purchase.
What are the differences in terms of accounting treatment?
Financial Leasing and Renting differ from one another in two crucial respects: the purchase option and the accounting treatment.
In the case of Financial Leasing, the purchase option is not allowed to exceed 15%, whereas in the case of Renting or Operational Leasing, the purchase options need to be at least 16%. In the case of Financial Leasing, the asset is moreover activated in the hirer/lessee’s books under Item 25 ‘Leased fixed assets’ and written down under Item 630 ‘Amortisations of fixed assets’.
In other words, Financial Leasing is an on-balance form of financing, just like a regular loan.
Renting or Operational Leasing, on the other hand, is an off-balance form of financing: the rent fee invoices are directly posted as costs (item 61). This helps to keep down the long-term debts.
As regards the amortisations: in the case of a Financial Leasing, it is the lessee who will be posting them in his books, based on the asset’s normal service life – not based on the contract duration. The interest component in the lease fee is charged to (i.e. is a deductible from) the lessee’s operating income.
This is exactly the same situation as though the movable asset had been directly purchased and financed by way of a regular bank loan. It is a different situation if we are looking at a Rental contract or an Operational Leasing. Here, the lessee will be able to charge the rental fee as a whole as a business expenditure, albeit in consideration of certain tax deductibility restrictions such as car expenditures. The amortisation itself is for the Rental or the Lease company.
In other words, Renting a car has the advantage of allowing you to book the investment in your company’s books more quickly.
Rentals, as the word says, are about actually renting the asset, in this case the vehicle. The lessor remains the economic as well as the legal owner. The operational leasing of cars is a form of renting whereby you are not only renting (hiring) a piece of equipment, but also a supplementary service package. The value after depreciation needs to exceed 15%.
The benefits of leasing and renting
In addition to the differences between Financial Leasing and Rental, the two obviously also share a number of common benefits compared to a regular loan or purchase.
What are the differences in terms of accounting treatment?
Financial Leasing and Renting differ from one another in two crucial respects: the purchase option and the accounting treatment.
In the case of Financial Leasing, the purchase option is not allowed to exceed 15%, whereas in the case of Renting or Operational Leasing, the purchase options need to be at least 16%. In the case of Financial Leasing, the asset is moreover activated in the hirer/lessee’s books under Item 25 ‘Leased fixed assets’ and written down under Item 630 ‘Amortisations of fixed assets’.
In other words, Financial Leasing is an on-balance form of financing, just like a regular loan.
Renting or Operational Leasing, on the other hand, is an off-balance form of financing: the rent fee invoices are directly posted as costs (item 61). This helps to keep down the long-term debts.
As regards the amortisations: in the case of a Financial Leasing, it is the lessee who will be posting them in his books, based on the asset’s normal service life – not based on the contract duration. The interest component in the lease fee is charged to (i.e. is a deductible from) the lessee’s operating income.
This is exactly the same situation as though the movable asset had been directly purchased and financed by way of a regular bank loan. It is a different situation if we are looking at a Rental contract or an Operational Leasing. Here, the lessee will be able to charge the rental fee as a whole as a business expenditure, albeit in consideration of certain tax deductibility restrictions such as car expenditures. The amortisation itself is for the Rental or lease company.
In other words, Renting a car has the advantage of allowing you to post the investment in your company’s books more quickly.
De voordelen van Shortlease bij Service Rent
Met Shortleasing van Service Rent vindt u altijd een oplossing op ùw maat.
Omdat service bij ons centraal staat stemmen wij de leaseperiode af op ùw wensen. Wat ons uniek maakt zijn onze formules die eenvoudig tussentijds te beëindigen zijn zonder extra kosten. U betaalt voor het werkelijke gebruik van het voertuig. Tevens zijn de prijzen All-in en weet u op voorhand welk budget u elke maand nodig heeft, u komt dus niet voor verrassingen te staan.
Naast het feit dat wij bij reservatie voorstellen doen m.b.t. de wagenkeuze, geniet u evenzeer van onze sterke troeven, klik hier, en van alle voordelen die een Shortlease contract bij Service Rent biedt.
Uw voordelen in het kort:
De voordelen van leasing en renting
Naast de verschillen tussen Financiële Leasing en Renting hebben beide uiteraard ook enkele gemeenschappelijke voordelen ten opzichte van een gewone kredietverlening of aankoop.
Wat zijn de boekhoudkundige verschillen?
Financiële Leasing en Renting verschillen op twee cruciale vlakken van elkaar: de aankoopoptie en de boekhoudkundige verwerking.
De aankoopoptie mag bij Financiële Leasing niet hoger zijn dan 15%, terwijl dit bij Renting of Operationele Leasing minimum 16% moet bedragen. Bij een Financiële Leasing wordt het goed daarenboven bij de huurder/leasingnemer geactiveerd op een 25-rekening “Vaste activa in leasing” en afgeschreven via een 630-rekening “Afschrijvingen op vaste activa”.
Financiële leasing is met andere woorden een on-balance financieringsvorm, net zoals een reguliere lening.
Renting of Operationele Leasing is daarentegen een off-balance financieringsvorm: de huurfacturaties worden rechtstreeks in kosten (61-rekening) geboekt. De schulden op lange termijn worden daardoor beperkt gehouden.
Wat de afschrijvingen betreft: bij een Financiële Leasing zal deze gebeuren bij de leasingnemer, en dit volgens de normale gebruiksduur van het goed – niet volgens de duur van het contract. De intrestcomponent in de leasevergoeding wordt in aftrek gebracht op het resultaat van de leasingnemer.
Dit is net dezelfde situatie als zou het roerend goed rechtstreeks aangekocht en gefinancierd worden met een gewone banklening. Bij een Renting of Operationele Leasing krijgen we een ander beeld. De leasingnemer zal de rentingvergoeding volledig in kosten kunnen brengen, weliswaar rekening houdend met bepaalde fiscale aftrekbeperkingen zoals de autokosten. De afschrijving zelf wordt genomen door de Renting of leasemaatschappij.
Renting heeft met andere woorden het voordeel dat u de investering vlugger in resultaat kan brengen.
If you are a fleet owner, Service Rent is available to handle the management of your fleet from A to Z. This sees you remain the owner of the vehicles, whether financed or otherwise. Plus, it saves you a great deal of time and administrative work as a fleet manager. Our personal approach is very much an added value in this respect.
As a fleet owner, you yourself decide which service components you require. Our seasoned managers take over the duties specified by you. This enables us to provide support with the following sets of duties:
Service Rent is available to unburden you, as the fleet owner, from the operational side of looking after your own fleet.
It is not just lease companies that are looking more strictly at lease cars being returned. The motorists to whom vehicles are passed on have also become more critical.
In both cases, it is important that the car is presented in a market-compliant and clean condition. Moreover, a well looked after fleet is your organisation’s calling card. Reconditioning your company cars in timely fashion can save you money at the end of the contract and it may also go a long way towards keeping your colleagues/staff motivated.
Just some of our services:
Get in touch with us for more details.
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