CREDIT AND LEASING OF CARGO VEHICLES
There are many opportunities to finance a vehicle purchase (TOR). The most common ways are to buy a TC for cash, or arrange a bank loan. Another alternative is leasing.
In this case, the TK buys a leasing company and transfers it to a paid company or private person. Thus, leasing can be compared with long-term lease. At the end of the lease term, the ownership right either completely passes to the lessee (financial leasing), or the car simply returns to the leasing company (operational leasing).
Significant advantages of leasing is that by buying a TC you save free funds and credit lines.
LEASING OR LOANS?
From January 1, 2011, when buying a car in a financial lease and a loan, 100% of the VAT on the cost of the car can be attributed to a tax credit.
From April 1, 2011, the method of accelerated reduction of residual value for financial leasing and loan allows legal entities to depreciate almost 100% of the value of a leased asset for three years. This method can be used for cars and trucks, which significantly reduces the tax burden.
Lessees will not incur additional costs related to VAT / interest on commission in case of exceeding the limit of the double discount rate of the NBU – that is, the terms of taxation of leasing commission now do not differ from the conditions of taxation of interest on a loan.
Starting from January 1, 2011, operational leasing becomes much cheaper, as the costs associated with double taxation of rent payments disappear.
From April 1, 2011, 100% of operational leasing of cars will be attributed to gross expenditures, previously such a scheme was used only for trucks and commercial vehicles, and for cars it was possible to reimburse 50%, therefore this type of financing becomes advantageous for legal entities.