Fleet Handbook Hungary

• Operational Lease
• Car Fleet Management (full service lease without funding)
• Fuel Management
• Rental
• Telematics
• Sale and Leaseback
• Light Commercial Vehicles (LCV)
• Electric Vehicles

Funding service, maintenance and repairs, tyre management (incl. winter tyres), insurance, accident management, roadside assistance, relief vehicles, pre-contract vehicles, daily rentals, tax management, fine management, fuel management, fleet and mobility consultancy tools, management information, reporting, Drivers Service Desk, end-of-contract management and remarketing solutions, driver training and customized driver behaviour improvement consultancy, vehicle pick-up and drop-off.

Passenger Cars

• Minimum: 24 months, no minimum mileage
• Maximum: 60 months, 160.000km (Petrol), 200.000km (Diesel)

LCVs

• Minimum: 24 months, no minimum mileage
• Maximum: 60 months, 160.000km (Petrol), 200.000km (Diesel)

Passenger Cars

• Minimum: 24 months, no minimum mileage
• Maximum: 60 months, 160.000km (Petrol), 200.000km (Diesel)

LCVs

• Minimum: 24 months, no minimum mileage
• Maximum: 60 months, 160.000km (Petrol), 200.000km (Diesel)

• Minimum: 1 day, including 100km per day
• Maximum: 12 months, including 100km per day

Cars in Hungary are registered in the name of the legal owner of the car. In case of leased vehicles, the leasing company is listed in the registration documents as the owner of the car. The lessee is not listed anywhere in the registration documents. Business Lease handles the registration including the number plate. The costs are included in the investment value.

In case of import or export of a vehicle Business Lease can take care of the title transfer for you.

As Business Lease is fully responsible for the registration of the leased car, the customer does not need to provide any documents at all. The required documents are provided by the dealer, and Business Lease takes care of the whole registration process.

After a full set of documents is provided by a dealer to Business Lease, it usually takes one to two days to register the car.

The current VAT rate is 27%.

• Registration tax varies between HUF 45.000-400.000 depending on the engine capacity, and it includes number plates and registration documents.
• Road tax in Hungary does not exist.
• Motorway tolls are paid in cash; however, the tolls for selected sections of expressways can also be paid with fuel cards provided by Business Lease.

Businesses will be able to choose from two options for deducting VAT: under the first model a business will be able to deduct 50% VAT on a car used both for business and private purposes, regardless of the proportions of this division. Under the second model a business will be able to deduct 100% VAT but only on a car for which expenses incurred are strictly business-related. However, this second possibility involves a requirement to keep detailed records of vehicle mileage and to supply this information to the tax office.

Business Lease Hungary Kft.
Budapest, 1124
Csörsz utca 41.
Hungary