What is a financial lease and how does it work?
If you apply for a financial lease, then you lease a car for your company. That can be a passenger car or a company car. Financial lease is also used for the purchase of company machines and equipment. We call it ‘equipment lease’. With a financial lease you bear the financial risks yourself. After all, you are the economic owner of the car in this case. The car belongs to the operating capacity. You can therefore benefit from all kinds of attractive tax benefits.
How does a financial lease work?
How does a financial lease work? There are few loan forms that are as transparent and clear as a financial lease. In many respects, this lease form is similar to the personal loan. Even such a transparent loan form. With a financial lease you borrow, in consultation with us, an amount of money that is subsequently used to finance a car. Financial lease has a fixed term and we also fix the interest for you. Thanks to all these findings, we can calculate the amount that you must repay each month. The monthly installments always remain the same during the term! Incidentally, VAT is not included in the monthly installments. You pay this in advance (and you can reclaim it from the Tax Authorities).
Why a financial lease?
- You do not have to have working capital.
- You pay a fixed amount in installments and interest each month.
- You are the economic owner of the passenger car / company car and can therefore apply tax benefits.
- You have the option of reducing the monthly installments by means of a final sum or down payment. Or opt for a cheap occasion lease.
- Nowhere else cheaper than with CreditForAll!
- Also suitable for starters and with us you can lease with a one-year contract or with a letter of intent from your employer.
What does a financial lease cost?
Which financial lease costs do you have to take into account? We recommend that you use our loan calculator for an indication of the costs. In any case, you can largely control the costs yourself. This starts immediately with the choice of the car for which you are applying for business financing. The current interest rates, a possible down payment, the term of the loan and the incorporation of a final sum also partly determine the costs. What does a financial lease cost? You can find out the fastest by simply doing a lease calculation on CreditForAll.nl and then requesting a definitive calculation from us!
Lower costs due to tax benefits
With a lease car you can (partially) deduct certain costs. This way you can deduct these costs from the revenues. You can also reclaim the VAT costs with your next VAT return.