What is operational leasing?

What is usually included?

Depending on the contract:

• depreciation and interest;
• maintenance and repairs;
• insurance;
• road tax (motorrijtuigenbelasting);
• breakdown assistance and tyres.

Who is the owner?

The leasing company remains the owner; at the end of the term, you return the car. Also read what is operational leasing.

What role does depreciation play in operational leasing?

In operational leasing, the leasing company remains the legal and economic owner of the vehicle. This means they are also responsible for the depreciation of the car. The monthly lease price paid by the business user is partly based on these depreciation costs. The risk of value reduction after the lease period therefore lies entirely with the leasing company, which is a significant advantage for the lessee who thus avoids unexpected residual value risks.

Depreciation is calculated based on the expected residual value of the vehicle at the end of the lease contract. Factors such as the contract duration, the expected number of kilometres, and market conditions influence this residual value determination. A longer duration or higher mileage often results in higher total depreciation over the contract period, which is typically translated into a higher monthly lease price.

What happens at the end of the lease period?

At the end of an operational lease contract, there are typically several options, depending on the agreements in the lease agreement. Usually, the lessee returns the vehicle to the leasing company. The leasing company then inspects the car for any damage beyond normal wear and tear. Any excessive damage or exceeding the agreed mileage can lead to additional costs.

In addition to returning the vehicle, there is often the option to enter into a new lease contract for a different, newer model. Sometimes it is also possible to purchase the current vehicle at a predetermined residual value, or a market value set by the leasing company. This flexibility at the end of the term makes operational leasing attractive for companies that want to keep their fleet up-to-date without the burden of selling.

• Return the vehicle to the leasing company.
• Enter into a new lease contract for a different car.
• Optionally, purchase the current vehicle at its residual value.
• Inspection for damage and mileage upon return.

Frequently asked questions