Company car: what are your options when you retire?

Private Lease via Arval: drive worry-free at a fixed monthly cost

Would you like to enjoy a new car after you retire at a fixed monthly cost, without necessarily owning it? If so, Private Lease via Arval is an excellent alternative. The benefits of a company car, as you know them, still apply: you choose a car tailored to your needs – new or used – and Arval takes care of almost everything for you.

Benefits of Private Lease via Arval

• • No unexpected costs: you know exactly what’s included in the price
  • Always a reliable vehicle with a warranty
  • No administrative paperwork: Arval handles maintenance, insurance, taxes, etc.

Included in the monthly lease payment

• • Insurance: third-party liability, legal protection and driver insurance are included in the lease price if taken out via Arval (you can also take out these insurance policies with an insurer of your choice)
  • Maintenance: scheduled servicing, repairs and possible seasonal tyre changes
  • Taxes: registration tax and annual road tax
  • Breakdown assistance: and a replacement vehicle in the event of an accident or breakdown
  • Administrative management
    

Flexibility

• • Choice of model, engine, options, contract duration and annual mileage
  • Wide selection of brands, including electric vehicles

Not included

• • An excess fee applies in the event of an accident
  • You cannot keep the car at the end of the contract
  • Fuel or charging costs, fines and winter tyres are not included (if you do not select them)

Is Private Lease via Arval the best choice for you? Private leasing means driving a vehicle that is fully customised to your preferences and needs, at an attractive all-inclusive monthly rate! Usage costs, taxes, insurance, and more are included in the monthly lease payment. In short, Private Lease via Arval means peace of mind.

Buying your company car outright: common, but not always the best option

Purchasing your company car may seem like the most obvious solution. You’re familiar with the vehicle, you know how it performs and its maintenance history. However, alongside the advantages, there are also some drawbacks:

• • Trade-in price: this is determined by the book value, the current market price and the terms of your contract, and is typically non-negotiable.
  • Costs: In addition to the purchase price, you'll pay vehicle registration tax, annual road tax, car insurance and the technical inspection fees. Maintenance, winter tyres and potential repairs may also incur additional costs.

Is keeping your current company car the best choice for you? If you want to keep the car long-term for personal use, buying it outright may be a good option.

Buying a new or used car: advantageous in the long term

After retirement, would you prefer to drive a different car than your current company vehicle - and own it outright? In this case, you can choose between buying a new or used car. Both options have their pros and cons.

New car

• • Pros: comprehensive warranty, modern technology, low maintenance costs in the early years and potential resale value
  • Cons: higher purchase price and faster depreciation

Used car

• • Pros: cheaper to buy and slower depreciation
  • Cons: greater care required regarding servicing, fuel consumption and potential wear and tear. Always research thoroughly and take a test drive

Is buying a new car the best choice for you? If you want to keep the same car for many years, buying a new or recent used model may prove more advantageous in the long term.

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