EURODRIVE 
If you are a US citizen or an European expatriate living outside of the European Union (or DOM TOM), you may hire a brand-new car, registered underf your name and totally tax-free.
How?
European law allows non-residents, regardless of their nationality, to benefit from preferential rates when visiting Europe.
Major manufacturers such as Renault, Peugeot Citroën and DS offer vehicles in temporary transit (TT), the “red license plates”
Great, but what is it?
A unique buy-back system, which guarantees the recovery of the vehicle when you leave, with simplified administrative management. It is like a fixed-term purchase, and at an unbeatable price.
What are the necessary conditions to benefit from the French short-term car lease?
Be a full-time resident of a country outside the European Union (or a DOM / TOM)
Not engaging in a paid activity during your stay (unless your salary comes from a non-EU source)
Your stay in the European Union must be temporary (at least 14 consecutive days)
On average, contracts last from one week (or even less) to six months - 355 days for students, journalists, project managers, interns, etc. - Contact Us more detailed information on long term car leases. At the end of your stay, the manufacturers commit contractually to buy back the vehicle, without additional changes. The car is then put on sale in the second-hand market through the maker’s network.
A short term car lease becomes increasingly interesting - financially - over medium contracts (3 weeks duration) and are particularly advantageous for long stays - 6 to 12 months - when the visitor applies for the conditions. The price cannot vary nor be modified. If, for example, the car is returned with an almost empty tank, or lightly scrached, there will be no additional costs.
Important note: non-compressible delivery times. The TT cannot be organized in a very short delay. In general, it takes 19 days for the delivery of car in Paris City, Orly or Roissy CDG. Quite a bit more in other cities in France or Europe. Also to be considered: in order to change your return or drop-off location, you are to notify the center of your choice at least 4 days in advance, to arrange for a new appointment. Prices are also non-deuctible.
Do you have any questions, want a quote or would like to share your remarks with us? Please Contact Us for a reply within 24 hours maximum.
-
Definition
-
What is the difference between the TT and a car rental?
There are a few key differences between a car rental and a short-term car lease in Europe:
Length of the agreement: Car rentals are typically shorter in duration, lasting from a few days to a few weeks, while short-term car leases can range from a few weeks to a few months.
Level of commitment: Car rentals are generally more flexible, with no long-term commitment required. Short-term car leases, on the other hand, typically involve a longer-term commitment, although they are still less binding than a traditional car lease.
Level of commitment: Car rentals are more flexible, with no long-term commitment required. Short-term car leases, on the other hand, typically involve a longer-term commitment, although they are still less binding than a traditional car lease.
Cost: Car rentals are more expensive daily, but the overall cost may be lower for shorter rentals. Short-term car leases can be more cost-effective for longer rentals, as the cost is spread over a longer period.
Vehicle selection: Car rental companies usually have a wider selection of vehicles available, including economy cars, luxury vehicles, and specialty vehicles like vans and SUVs, but typically you get the car that they assign you and may not choose the model nor level of equipment. Short-term car lease programs may have a more limited selection of vehicles available, but you select the model, level of equipment, engine type and transmission. Leased vehicles are always brand-new.
Insurance : Both car rentals and short-term car leases offer insurance as part of the cost. However, leases include a full risk insurance without a waiver in the price as standard, while the specifics of these provisions will differ between rental companies.
In sum:
- You choose the make, model, engine and transmission
- The car is brand new
- The registration and insurance are established in your name, so you may cross any border within the EU
- One-way in France included (return to a different agency). You may change the return centre until 4 days prior to drop off
- Full-risk insurance without waiver and 24/7 assistance included
- A 24 months warranty
- Free GPS
- Unlimited mileage
- Accessible to drivers from 18 years of age
- All major equipments are explained by an agent on delivery
- No need to return the car with a full tank -
Who is eligible to a tax free short term lease ?
To benefit from the Tax Free Lease regime on a regular basis you must:
Have your normal residence outside the customs territory of the European Union or in a DOM or TOM
Stay in the European Union temporarily
You may not exercise any paid activity during your stay
These conditions are cumulative.
Your spouse, ascendants and direct descendants, may use your vehicle - registered under this regime - if they meet these conditions themselves. No other user is authorised.
Note :
May also benefit from a Tax Free Lease
- Students
- People coming to do an internship or a mission
- Journalists
The granting conditions are the same as in the previous case.
Definition of internship:
It is the acquisition of training or development in professional, artistic or cultural fields.
Definition of a mission:
It is the exercise, on a provisional basis, by the employee of an establishment located outside the European Community, of a professional activity leading to his own training or to the enrichment of the establishment reception.
For these cases, as for students carrying out paid work incidental to their training, the condition relating to the absence of gainful activity is lifted.
Beneficiaries by way of exemption:
Persons who, within a maximum period of six months from their return to the national territory inside the EU, are reassigned outside the European Community. The regime is granted to them for the sole duration of their stay in Europe within this maximum limit of six months.
Persons residing in the European Community, and who are about to transfer their residence to a third country. They must prove the the imminent change of residence. The regime is granted to them for three months, with no possible extension of this period.
French Customs Source: https://www.douane.gouv.fr/fiche/achat-dun-vehicule-lors-dun-sejour-temporaire-en-france