An electric car rental offer at 100 euros per month will be offered under conditions from January 1, 2024. Find all the practical information on social leasing.
This was one of Emmanuel Macron’s campaign promises for his re-election in 2022, the social leasing system was officially launched on Thursday December 14, 2023. These are electric cars “at 100 euros per month” ( excluding insurance) which will be intended for the most modest households from January 1, 2024. According to the government, 4 to 5 million French people would meet the eligibility criteria. For the launch of the system, 20 to 25,000 electric vehicles will be rented in the first year, with the stated objective of expanding the offer in the following years (50,000 from 2025). Here is everything you need to know about this leasing at 100 euros per month.
The offer is a leasing, i.e. rental of the vehicle with a fixed amount to be paid each month. To define who can benefit from social leasing, the government has defined several criteria. To be eligible, you must already be domiciled in France. The tax household must have a tax income per unit of less than 15,400 euros. You must justify the use of your vehicle to go to your place of work and that it is at least 15 kilometers from your home. Finally, this system is reserved for workers who drive more than 8,000 kilometers per year by car as part of their professional activity. Please note that in a household, if both adults meet the eligibility criteria, each will be able to apply for leasing at 100 euros.
Around ten car models, mainly French or European, will initially be offered through social leasing. Prices are on average 100 euros per month, but can vary depending on the model, some cost around forty euros – this is the case for the Twingo E-Tech -, while others, a little more upscale, go up to 150 euros per month. It is important to remember that these prices do not include insurance or maintenance costs. The government has also clarified that leasing at 100 euros per month would not be subject to the payment of an initial contribution via a significantly increased first rent as current LOA or LLD contracts do.
This first rent will be covered by the State. The customer can optionally choose to benefit from a rental with purchase option allowing them to acquire the vehicle at the end of the rental period, or not. Some manufacturers have already communicated on the models allocated to the device. The Renault Twingo E-Tech and Megane E-Tech, the Peugeot e-208 and e-2008, the Citroën ë-C3 and ë-C4, the Fiat 500, the electric Opel Corsa and Mokka and the Jeep Avenger are already in the catalog . More should be added soon.
It was the President of the Republic himself who, via a video broadcast on social networks, indicated the name of the site on which beneficiaries of social leasing can order a car. All the details of the system are indicated on the mon-leasing-electrique.gouv.fr platform open on December 14, 2023. Households eligible for social leasing will be able to order a car on the sites of rental companies approved by the State from January 1 2024.
