For companies and the self-employed
A company car, no bank required
LuxDrive is built for businesses and self-employed professionals in Mallorca: net prices, one fixed fee with insurance and GPS, and a clear exit at the end. Here's what it could do for your business.
What it could do for your business
Net prices, VAT you may be able to reclaim
Every fee is net, with VAT itemised on each invoice. Under Spain's presumption of business use, half the VAT on the fee may be reclaimable, and all of it if the car is shown to be used solely for the business.
Check with your tax adviser: it depends on your situation, and different rules apply to companies registered outside Spain.
A fee that may count as a business expense
If the car is tied to your business, the monthly fee may be booked as an expense.
Your tax adviser can confirm whether that applies to you, and within what limits.
It isn't a loan
The down payment is only part of the car's value and there's no bank finance involved, so your credit lines stay free for the business.
A fixed fee you can budget for
The same fee every month, with insurance and GPS on their own lines. You know where you stand from day one.
Flexible at the end
When the contract ends, it's your call: keep the car at the agreed residual value, hand it back or swap it for another.
An electric fleet
Zero tailpipe emissions: an electric car fits your company's sustainability goals, and looks the part.
All online
Online offer, e-signature and a customer account with your invoices, contract and mileage.
Anything we say here about tax is general information, not tax advice. We don't promise any saving: how leasing is taxed depends on your business, so always run it past your tax adviser.
Conditions
The conditions, in plain English
The same conditions you'll find in your offer and in your contract, without the jargon.
Built for businesses
We lease to companies and self-employed professionals with a valid tax ID. If your company is registered elsewhere in the EU, we check its VAT number on the VIES register. We don't currently lease to private individuals.
Net prices, VAT on top
Every figure you see, on the website, in your offer and in your contract, is net. VAT (21%) is added on each invoice as a separate line.
One down payment, then a fixed fee
You pay a single down payment when you sign, then the same monthly fee until the contract ends. The down payment also serves as the security for the contract, so there's no separate deposit on top.
Insurance and GPS, each on its own line
Your monthly fee includes fully comprehensive insurance and GPS tracking, both itemised in your offer and on every invoice. Cover and excess are as set out in the policy, and a summary comes with your contract. We're upfront about the GPS: it's used for mileage, traffic fines, claims and the car's security, and your customer account shows mileage only, never location.
Your side: servicing, tyres and charging
Servicing, maintenance, tyres and charging are down to you. Rather not deal with it? Ask us for a separate service contract.
Two one-off fees at the start
At the start we invoice, once only, delivery with registration and the GPS installation (€500). The delivery fee depends on the car and is shown in your offer.
Road tax
The annual municipal road tax (IVTM) is on us: it doesn't appear in your fee or on your invoices.
Mileage
Every contract sets an annual mileage. We'll let you know as you approach it and when you reach it; any extra kilometres are settled on each contract anniversary and at the end, at the per-kilometre rate in your contract, plus VAT.
Your call at the end
When the contract ends you have three options: buy the car for the residual value fixed when you signed, hand it back, or start a new contract on the same car or a different one. If you buy, the car is sold as seen, with an inspection report, a fresh ITV (the Spanish MOT) and a battery state-of-health (SOH) report.
Whose car is it?
Throughout the contract the car belongs to us and is registered in our name on Spanish plates. It becomes yours only if you take up the purchase option at the end.
Car on request
Not in our fleet? We'll source it
If the model you're after isn't in the fleet, we can bring it in: from dealer stock, no more than 5 years old, up to 60,000 km, with a full service history and worth at least €25,000 net. If the seller can't invoice with deductible VAT, your fee is worked out on a higher amount that includes that tax.
Tell us which model you're after and we'll come back with a proposal. No obligation.
Shall we talk about your business?
Request an offer for your company or browse the FAQs, tax questions included.