Financing a commercial vehicle: How does it work and what are the benefits?

As an entrepreneur, you sometimes reach the point where you want to expand your business. In this case, it is often important to purchase new vehicles so that your employees can be transported or can go to customers on location. Unfortunately, purchasing a company car or other vehicle is often expensive and requires a significant budget. For this reason, financing a company car is an attractive option. Read on to find out more about how to finance a company car, what the advantages are and why you do not need annual figures with some financiers. 

How does financing a company car work?

A financial lease company car is a form of financing that allows companies to buy a company car on credit. You pay a monthly amount for an agreed term; at the end of the lease contract you are the full owner of the vehicle. The term of a company car financing usually varies between 1 and 8 years, depending on your current financial situation. Of course, the monthly amount depends on the duration of the financing, the value of the company car, the down payment and the final payment. 

Benefits of financing a company car

There are many advantages that come with financing a company car. Firstly, by financing a company car, you can spread the purchase of a company car over a longer period. This makes it possible for you as an entrepreneur to maintain your cash flow and invest your money in other things that are important to your company. In addition, as a business driver, you benefit from interest and investment deductions and VAT recovery with a financial lease. 

No annual figures required when financing a commercial vehicle

If you choose to finance a company car at Eurocars Bedrijfswagens, you do not have to provide annual figures. This is of course a great advantage for starting entrepreneurs who often do not have annual figures or for companies that do not want to share annual figures. We base our assessment on the trust we have in you and your company. If your application is approved, you will receive a financing proposal from us that matches your financial possibilities.

Conclusion

Financing a company car is an excellent option for entrepreneurs who want to spread the purchase of a company car over a longer period. It is a flexible way to purchase a company car. In addition, at Eurocars Bedrijfswagens you do not need annual figures to be able to submit an application. Financing a company car is a good way to stay mobile and maintain your liquidity.