• Operational leasing
• Financial leasing
• Outright purchasing

Market Overview

Rise in Taxes Scales Down Fleet Leasing Market

The austerity measures of the Belgian Government to revive the economy have made cost savings a major purchase criterion among the public. Consumers are increasingly looking at adopting cheap mobility options, which will enhance the growth of the fleet and leasing market.

The Government has increased taxes such as value added tax (VAT), emission tax and sales tax on fleets to reduce budget deficits. This has caused a corresponding rise in the cost of leasing, hindering market growth. Additionally, the Government offers incentives such as tax rebate and loans at lower interest rates for the purchase of hybrid and electric vehicles (EV), encouraging the consumers to buy EVs rather than lease fleets.

Fleet operators are hoping to stave off competition by offering additional leasing options such as shared leasing and personal leasing. Focussing on fleet downsizing, maximizing fleet utilization and establishing partnerships with corporates will enable leasing companies to increase their market share. These measures will also help the leasing companies to strengthen their brand value among consumers.