Financing a company car

Purchasing a company car is a major investment. Many companies therefore choose to finance a company car when they need one. Financing means that the car does not have to be paid for immediately, but that a certain amount must be paid monthly for a certain agreed term. In this blog we will delve deeper into what exactly it means to finance a company car, how the monthly amount is structured with a financial lease and what the flexible acceptance at Eurocars Bedrijfswagens entails.

What does it mean to finance a company car?

Financing a company car is a way to purchase a company car without paying the full purchase price immediately. Instead, you pay a certain amount each month for a certain period, after which the car is yours. At the start of the lease contract, you are immediately the economic owner of the vehicle.

What does the monthly amount for financial leasing consist of?

The monthly amount for financial leasing consists of the following components:

• Down payment – an amount you can put down to reduce the amount you are financing. This is not mandatory.
• Term – indicates how long the financing lasts. However, the longer the term, the lower the monthly amount. On the other hand, the interest costs are also higher with a longer term. At Eurocars you can choose a term of 12 to a maximum of 96 months. 
• Interest rate – the amount of interest you pay on the amount financed.
• Final payment – the part of the loan that you pay at the end of the term. You can reduce the amount to be financed with a final payment; this is not mandatory. 
• Lease amount – the total amount that the car you want to purchase costs.

All these factors ultimately determine the monthly amount you pay to buy out the car. 

Smooth acceptance at Eurocars Commercial Vehicles

At Eurocars Bedrijfswagens we believe that numbers do not tell the whole story. That is why we find it more important to look at the person behind the company and trust that good entrepreneurs are able to determine for themselves whether they can lease. Even if you have a (negative) BKR registration, it is often possible to finance a company car at Eurocars Bedrijfswagens. All you have to do is submit an application. You can drive your lease car within a day. 

Conclusion

Financing a company car is a convenient way to buy a company car. You do not have to pay the purchase price in one go, but instead pay a monthly amount over a certain period. The monthly amount consists of a down payment, term, interest rate, final payment and the lease amount. Are you interested in a financial lease? At Eurocars Bedrijfswagens we have a flexible acceptance policy, so you can drive a company car within a day. Curious about our financial lease stock? View the here.