Buy back lease is a customs and tax provision that allows any person residing outside of the European Union (DOM TOM included), to buy a new car during a stay in Europe without paying for customs duties and VAT in the EU. You benefit from a specific French registration allowing free circulation in Europe.
It is also possible to benefit from this scheme without having to pay the full price of the vehicle. This formula, known as the generic buy-buy term, is very similar to a car rental.
The buy-back is great, but... can I benefit? Yes, if you fill out all of these conditions: You are a tourist, residing outside of the EU or the DOM-TOM, and your income is not from an European source (except for trainees).
You are entitled to the tax-free regime? Great! Depending on your status - whether you are of European nationality or not, if you are your own employer, retired, work for national education or are a military... the documents differ.
You have arrived. Depending on the delivery center of your choice, you will be picked up by a free shuttle. This service is included in your package. The vehicle comes with a minimum of fuel, and you must not refuel before returning it.
The insurance included in your contract, extends to the majority of the countries within the European Union and covers any driver as well as the passengers. The free GPS, meanwhile, covers most of the European territory. What exactly is the list of countries covered?
Can it really be that interesting? Tax rebates, a car with zero kilometers, a vehicle you drove from the start, all inclusive and comprehensive insurance. At first sight, buying it may seem like a good deal, but is it really?