The purchase of a vehicle is the second most important acquisition made by Spaniards, only surpassed by the home. A sign of its importance is that it is very sensitive to the economic situation. In the heat of the recovery (and the PIVE plan) the purchase of new vehicles has skyrocketed, a positive measure not only for the industry but also because Spain continues to have an old-fashioned car fleet with clear negative effects on aspects such as pollution and energy efficiency.

The substitution is positive, but it is not necessary to do so exclusively through purchase. There are other formulas such as leasing and especially renting that have grown in recent years and in the case of the latter have jumped from being an almost exclusive product for companies to be also for individuals.

Two options with important differences

Renting and leasing a priori have great similarities. We pay a fixed monthly fee and in return we don’t only have the car, we also don’t worry about much of your expenses, from insurance to maintenance, for a certain period of time that usually doesn’t exceed 5 years. That is, until the residual value of the car is already quite low and the number of breakdowns and mechanical problems multiplies.

Renting is not only aimed at companies, but has also been extended to self-employed people and individuals. For companies and self-employed people it has great tax advantages, as it is considered an expense that we subtract from income. But for the individual it has no financial advantages, they are exclusively practices of not worrying about paying taxes, maintenance, insurance…


It depends mainly on the use. The contract establishes a number of kilometres contracted, with a small discount if they are not reached and a higher amount per kilometre paid in excess. The most cost effective use is that we contract them according to their use and do it intensively. It is when we will have on the one hand a higher consumption of tires and more prone to maintenance and on the other hand when it is more necessary to replace it. For sporadic use it is not a generally cost-effective formula, except, as we have pointed out, for a comfort issue.

This is one of the big differences with leasing, that of assuming the costs of maintenance, breakdowns, insurance… There is no obligation to buy in the leasing contract, there is no obligation to lease, but you could say that this formula is more suitable for the final purchase. This is why this formula for companies has grown much less. In addition, additional services are not covered by the leasing fee. Leasing offers a financing formula for which you can pay instalments over certain years to make a final payment when the residual value of the vehicle is not significant and you can keep ownership of the vehicle.