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    4 tips for renting a car for business

    npsBy nps23 February 2022Updated:26 June 2024 No Comments3 Mins Read
    — Filed under: Focus
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    Are you going to work temporarily at a customer’s location and do you not have a car while it is difficult to get there by public transport? Or have you temporarily hired an extra employee who needs transport? Then a business car rental can offer a solution.

    Car bumper - Photo by Sarmad Mughal from Pexels

    In this way you do not have to invest a large amount in the purchase of a company car that is only needed temporarily. Moreover, you do not run the risk of unexpected costs, for example for maintenance. There are a few things you should keep in mind when renting a car for business at car-rental-schiphol.com.

    Additions

    There is a possible addition if you or one of your employees uses a rental car. If the car is rented for an appointment or trip that is purely business, no addition has to be paid. However, if the car is also used for more than 500 private kilometers, this will be taxed by means of addition. The addition is calculated over the tax value of the rental car, which can usually be found in the rental agreement. Do you drive less than 500 kilometers privately and do you not want to pay an additional tax? To prevent you from having to pay an addition, it is important in that case to keep a balanced trip administration.

    Pre-booking

    If you reserve a car in advance, it will be ready on your arrival. If you do not book in advance, an employee of the rental company will first have to check which car is available. Then all the paperwork must also be arranged. You can avoid all this by pre-booking a car online. you can only check in. That saves time and effort. Great for yourself or your employee, even if you want to continue quickly during a business trip.

    Deductible

    It is likely possible to deduct the costs of a business rental car from the profit. As with many other business expenses, the car rental can be deducted from the profit. As a result, you ultimately pay less tax after you have rented a car for business. Please note that this is only possible if you use the car for business trips that generate VAT-taxed turnover. In addition, you must have an invoice stating the VAT. If you do not have this, unfortunately you will not be able to deduct the business rental car.

    Compare

    Most entrepreneurs immerse themselves in products or services that involve a financial obligation. Besides that, it is also good to compare in advance when renting a car as an entrepreneur. Do not only compare the prices of the business rental car, but also the conditions. The prices can vary due to any additional insurance coverage, the type of car, and the number of kilometers included. By comparing all options, you will be able to select the business rental car that is not only the cheapest, but also the best possible car to rent.

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