4 ms·
> Germans don't have car payments usually. There's a lot of leasing.
by sho_hn 3y ago
> Germans don't have car payments usually.
There's a lot of leasing.
- jacquesm 3y agoThat's corporate, mostly. But this is changing a bit, there are more private lease constructs but they are quite expensive compared to just owning the car.
- iamthirsty 3y ago> That's corporate, mostly. Stats would be nice.
- dotancohen 3y agoYou do know that stats are the easiest way to lie, yes?
- TylerE 3y agoNo, the easiest way to lie is “just trust me bro”
- jacquesm 3y agohttps://bdl.leasingverband.de/en/newsroom/press-releases/single-view/the-german-leasing-market-2020 https://bdl.leasingverband.de/en/newsroom/press-releases/sin... https://www.ibisworld.com/germany/industry/car-rental-leasing/966/ https://www.ibisworld.com/germany/industry/car-rental-leasin... And many other industry publications. Private lease is a very small fraction, but it is growing. Same picture in most of Western Europe, in Eastern Europe it is very variable from one country to another.
- mertbio 3y agoYes but most of the time your company pays and then they deduct from your salary.
- almostnormal 3y ago1% of the purchase value is taxed, regardless of usage (company car could be used only for private purposes). That way the same cost for the employer leads to a bigger car (than if bought with taxed income) for the employee and less money for the government. And a happy car industry, of course, being able to sell bigger cars.