Corporate car financial‑leasing market collapsed

The corporate car financial‑leasing market collapsed last year, when companies signed contracts for only 1,470 cars worth €37m. In 2024, 12,552 cars worth €370m were leased. The main reason is legislative change: before January 2025, such vehicles were taxed as a service, so VAT was paid in monthly installments, but they are now classified as goods and VAT must be paid in full at the start of the contract. Many leasing companies have therefore stopped offering financial leasing and replaced it with loans. Demand for operating leases rose 9% last year to €295m.

(hnonline.sk)