I’m an entrepreneur: can I lease a car for private use?

Can self-employed professionals lease a car privately?

Are you self-employed and wondering if you can lease a car privately? It’s entirely possible.

How does private leasing work for self-employed individuals?

Your income will be taken into account and the car will simply be registered in your name. You pay the lease via your personal account, which means you don’t have to include these costs in your business accounts. And this has an advantage: you don’t pay any fringe benefits either.

How does business leasing work for self-employed professionals?

In the case of a business lease, the situation is slightly different. The car is then registered in your company’s name. This is convenient, as you can claim the costs through your business. However, as soon as you use the car for private purposes, you must pay a benefit in kind. This is a taxable benefit that the tax authorities charge you for because you also use your company car for private purposes.

How do you choose between private and business leasing?

The choice therefore depends on your situation: do you mainly use the car for private purposes, or do you wish to claim the costs through your business? Both options are possible.

Which leasing option is best for your situation?

Would you like to know which solution is best for you? Contact us. We’ll work with you to find the most suitable option.