you live outside the European Union and need a car for several weeks or
months? Short-term auto leasing from
two of Europe's major automakers, can help you save money and avoid
The concept behind short-term leasing, or
"purchase-repurchase," is simple:
France, the purchase tax on a slightly used car is much less than on a new
vehicle. By leasing new venicles to tourists at cheap rates, French car
companies create a supply of almost-new,
reduced-VAT cars that can be sold to European
citizens and rental firms at highly competitive prices. The result is a
win-win-win situation for everyone involved--including you, the foreign visitor.
The benefits of short-term leasing are
You get a new Peugeot or Renault car, SUV, or van straight from the factory.
You save money because short-term leases aren't subject to
VAT (value-added tax), which typically ranges from 16 to 21 percent for car
You get full comprehensive insurance, with no deductible and no extra charges for CDW or LDW.
(See our rental-car
insurance article, and you'll understand why this is a real plus).
You can pick up your car at one location and
drop it off at another if you wish.
Age limits are minimal. Renault and Peugeot will lease to
licensed drivers over the age of 18, with no maximum age. (In contrast, many rental firms
won't do business with young drivers or adults over 70.)
The downside? There are just three:
The minimum lease period is 21 days.
You can be a citizen of any country, but your
domicile or permanent address must be outside the
European Union. Also, if you're a business traveler and your company is
paying for the lease, the firm must be headquartered outside the EU.
Peugeot offers fewer pick-up and drop-off points outside
France than traditional car-rental firms do, and you'll pay a surcharge to
collect or return your car at some locations.
Need a testimonial from someone who's tried short-term
car leasing? Click here.
Related Web sites:
Eurodrive our partner
Renault has been in the tourist car-lease business since
1954. It offers a full range of vehicles, from subcompacts like the Dacia and
Clio to the Espace 7-seat luxury crossover and the Trafic 9-seat van. GPS is
standard on all models.
Open Europe "Buy Back" Program
Peugeot is represented by our partner, Auto Europe. (If you click on the
link above, you'll be taken to the Peugeot Open Europe page at Auto Europe's Web
site.) Peugeot's car models range from econocars to luxury
sedans, vans, and the Peugeot Partner, which squeezes a lot of interior space into a
boxy SUV-like body.
Rentals: When to rent, when to lease
comparison chart to determine whether you can--or should--choose a short-term
tourist lease over a traditonal car rental.
Driving in Europe
This Europe for Visitors article has links to articles on driving in Europe, rental-car
insurance, how to obtain an International Driving Permit, information on
European traffic laws, and more.