A new boost for the acquisition of a vehicle with very low emissions has just been recorded this Sunday, April 24, 2022. For whom? When ? For which vehicles? We tell you more about this new purchase aid.
Behind an announcement effect, which goes in the right direction with regard to measures in favor of the climate, the new zero-interest loan accompanying the purchase of a low-emission vehicle is ultimately only intended for a fairly small audience. The decree passed this Sunday, April 24, 2022 in the official journal. It describes the framework for applying this experiment with a zero-interest loan for the acquisition of a low-polluting vehicle.
From when is this zero rate loan possible?
Even if it has just been recorded, the zero-rate loan will only be operational from January 1, 2023. This is an experiment, for the moment limited to a period of 2 years.
For who ?
To benefit from this zero-rate loan, you must meet several conditions:
- Live or work in one of the 10 cities that have set up a Low Emission Zone (ZFE): Métropole de Lyon, Grenoble-Alpes-Métropole, Paris and Métropole du Grand Paris, Aix-Marseille-Provence, Nice-Côte d’Azur , Toulon-Provence-Mediterranean, Toulouse, Montpellier-Mediterranean, Strasbourg and Rouen-Normandy.
- Be an individual or a legal person with a microenterprise.
- Have a reference tax income, per unit, less than or equal to 14,000 euros. This element will be checked on subscription against the latest tax form available.
The zero-rate loan is aimed at the most modest households, who are forced to change vehicles in view of the application of the ZFE, banishing the oldest vehicles from the cities.
For which electric / hybrid vehicles?
The measure targets a limited number of vehicles, since they must also meet several conditions:
- It must be a passenger car (VP) or a van (VUL) weighing less than 2.6 tonnes;
- Which emits less than 50 g/km of CO2 – so it is mainly about electric vehicles and plug-in hybrids;
- And does not exceed €45,000 (before bonus deduction) for cars and €60,000 for utility vehicles.
If you were thinking of financing an entry-level Tesla Model 3 with this zero-rate loan, you missed it. The fact remains that many electric vehicles, in entry-level finishes (with small battery and little equipped), can be accessible under 45,000 € – if prices are maintained until 2023 without rocketing because of material costs. raw. The city cars all correspond to this budget. On the other hand, for SUVs, it gets a little complicated, because the entry-level versions have sometimes been sacrificed by manufacturers to compensate for the shortage of components.
What loan conditions?
The loan can cover up to a maximum of €30,000 for the purchase of a new vehicle. The calculation is different if you opt for a long-term rental (LOA or LLD). The lease cannot be for a period of less than 2 years. And, in these cases, the loan cannot exceed €10,000, which is intended to cover the first monthly payments or the exercise of the purchase option only.
The repayment period of the loan cannot exceed 7 years (84 months). The transfer or the end of the rental of the vehicle entails the immediate reimbursement of the capital due.
This zero-rate loan is therefore additional help for the most modest households, but Emmanuel Macron promised during his campaign aid that seems more interesting for this same public. We are waiting to see if the campaign promise of a vehicle for less than €100/month is kept by the renewed president.