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Leasing
A Car In Shanghai
Those
companies that do not want to purchase and tie up so much capital have the
option of leasing which can be arranged fairly quickly in Shanghai.
With
leasing, you face a lower down-payment and your business will no longer be
plagued by routine maintenance problems, since the leasing company will
take care of that. Most of these not only take care of routine maintenance
and periodic of cleaning, but will also send out emergency service staff
to rescue you if your car breaks down in the Shanghai metropolitan area.
Even your
account could be happy, as the lease payment can be counted among business
expense rather than listed as a fixed asset, which could reduce tax
liabilities. Your financial advisor should know best.
If you
are a foreign company, you need to show the following documents to lease a
car: the business license and identification of the legal representative
of the enterprise, the company seal, a proxy for the legal representative,
the representative’s passport, ID card and driver’s license. If you
hold an international driver’s license, the lease company should help
you through the paperwork to obtain a local license.
Leasing
requires a refundable deposit of 10,000 yuan (US$1,200) to 30,000 yuan
(US$3,600) depending on the type of car and the lease period. Compared
buying versus leasing for a Santana 2000, the car is priced at 165,000
yuan (US$19,900) and the price rises to about 220,000 yuan (US$26,500)
once taxes, insurance and the license plate are added.
Should
you lease the same car, you would pay a total of 263,000 yuan (US$32,000).
But while the total cost is higher, the lessee is spared the high capital
costs, and pays just 7,300 yuan (US$880) per month. At the end of the
lease, the lessee can buy the car outright for 2,000 yuan (US$240).
Cars can
also be rented for shorter period. A Passat B4 will cost you 330 yuan
(US$40) per day with a daily limit of 200 Km, with an additional 2 yuan
(US$0.25) per Km above that.
Should
you need a driver, one popular approach is to find a taxi driver that you
feel comfortable with. Taxi drivers will take jobs as company drivers but
you would need to provide a working contract of at least one year and a
salary of about 2,000 yuan (US$240) to 3,000 yuan (US$360) per month plus
social security fees. You can also find job hunters with private cars on
website such as
www.sh-professional.com
The
following companies will lease you a car:
Longhui
Car Rental
(86-21) 1300-322-2327, 1333-199-7789
www.longhuicar.com
chenfang1078@sohu.com
Heshi Car
Rental
(86-21) 6252-2200
lawrence@airporttransfer.cn
www.airporttransfer.cn
Jiuma Car
Rental Co.
Tel: (86-21)
5719-8360
Jiutong
Car Rental Co.
Tel: (86-21)
6252-0850
Volkswagen
Car Rental Co.
Tel: (86-21)
6318-5666
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