What is the short-term car lease program?
The time has probably come to book your car. The Eurodrive RenaultUSA short-term car lease is the most likely to be the answer to all your needs.
Different from car rental with Europcar, or a similar car rental company, the Renault Eurodrive formula is far superior to Citroën, DS or Peugeot's programs, in which it always includes:
- Unlimited mileage
- Comprehensive insurance without excess
- Reverse fuel
- Loss of car keys
- Loss of car registration
- A tax-free brand-new vehicle. The model, engine and transmission are guaranteed to be the ones you have chosen
- A Free GPS
- 24-hour roadside assistance
- A detailed explanation of the vehicle on pick-up
Bonus: we will pick you up from the airport for free. No more parking lot expeditions to find your car. We come to you!
Not bad, right? What if, in addition, this formula would allow you substantial savings?
Some of Europe's major car makers offer this program.
Known as short-term car lease, tax-free lease, buy-back lease or Temporary Transit, the cars are recognizable able by their distinctive red licence plates. This does not identify the person driving the car as being a tourist. It simply means that the owner of the car is exempt from paying taxes in Europe.
Renault and Dacia are two of those makers, and will not only this formula help you save money, but it will also make insurance hassles disappear.
The 50 years old notion behind short-term leasing, or "buy-back lease," is straightforward:
A while ago, the purchase tax on a used vehicle in France was lower than on a new car. By offering new vehicles for lease to US tourists at extremely cheap rates, French car makers participated on a supply of barely used, reduced-VAT cars that would later on be sold to car hire companies and European citizens at very competitive prices. The result was a win-win situation for all participants involved. Foreign visitors included.
Today, the taxes are the same for a used car, as well as for a new one, but Renault and Dacia keep offering this product to United States visitors coming to Europe on a tour, for studies or to work for a non-EU company in order to satisfy a growing demand on low mileage used cars.
The advantages of a short-term lease are non-negligible:
* You get a brand-new car, with “zero kilometers” – for security reasons, we do test it at the factory, so it will have 12 kilometers or less
* A free GPS covering European countries
* A member of our teams will explain you how the car works, and will set up the GPS with the return agency address
You don’t get charged for VAT (21%), the TAX-FREE principle applies to products (cars, perfumes, clothes, etc.) but not to services. Which is why car rental companies must charge you for taxes and we don’t : you are buying a service from a rent-a-car company, not a physical product.
The price always includes a full comprehensive insurance, with no deductible and no extra charges for CDW or LDW.
“Free One-way”: you may pick up your car at one location and drop it off at a different one if you wish. You may change the drop off location up to 4 days prior to the return date
From 18 years old with a valid drivers’ license. There is no maximum age.
What countries are included in the Renault Eurodrive insurance?
All of our vehicles are covered by a full comprehensive insurance in the following countries:
Andorra, Austria, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Gibraltar, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Macedonia, Malta, Monaco, Montenegro, the Netherlands, Norway, Poland, Portugal, Romania, San Marino, Serbia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Vatican.
"So, what is the catch", you wonder? There are very few inconveniences:
You will have to provide a copy of your non-European passport and a signed contract at least 21 days prior to the delivery date.
Your fiscal address must be outside of the EU, you cannot pay taxes in any of the European community countries.
There aren’t that many short-term lease, tax-free cars available, so it’s better to order as soon as possible, and at least 21 days before your arrival to Europe, while stocks last.
All prices include: