Can I lease as a starting entrepreneur?

06 juni 2019

A company car is often beneficial for entrepreneurs from a tax perspective. In addition, it is often useful to have a business car because you often have to travel a lot as an entrepreneur. Sometimes it is even a necessity to have a company car or passenger car to start your business. However, many novice entrepreneurs do not simply have a large sum of money available to purchase a company car. A financial lease is a solution in these situations because you do not immediately need a large amount of money to purchase a car. But is it possible to start and lease at the same time as an entrepreneur? In other words, can a starting entrepreneur do financial leasing without annual figures? In this text we tell you everything you need to know about leasing as a starting entrepreneur.

Assessment of creditworthiness

For companies that have been around for some time, the annual figures are used to test the creditworthiness of the company. This way the leasing company knows that there will probably be no problems with payments. This is more difficult for a starting entrepreneur because the company's annual figures are not known. A leasing company will therefore look for other ways to check your creditworthiness. This could be, for example, your payment history or the balances of your personal accounts. In start-up companies, leasing companies will look more at the people behind the company than at the company itself when assessing the creditworthiness.

Pay down or not

As a starting entrepreneur, you often have quite a lot of costs to set up your business properly. On the other hand, your income usually takes a while to arrive and that makes it an expensive time. A hefty down payment for the lease car is often not something you want during this period. Fortunately, it is often possible to enter into a lease contract without down payments. If you lease a cheaper car, it is usually possible to get on the road without a down payment. Usually, starting entrepreneurs can take a lease car with an investment value of less than 15,000 euros without a down payment. The VAT then covers sufficient risk for the leasing company to be able to enter into a lease contract without down payments. For more expensive cars with a higher investment value, you will often have to make a down payment of a few percent of that value.

View all cars up to €250 p/m here: Lease up to €250

Affordable lease car

Because as a starting entrepreneur you do not yet know exactly how your company will develop in the coming years, it is always useful to opt for an affordable lease car . You don't have to drive the most expensive car to make a professional impression on your customers. By opting for a relatively flexible lease contract with a term of, for example, one, two or three years, you can also switch cars after a number of years if you prefer a more luxurious model. You are therefore not tied to an expensive lease contract if things go less than expected. Our tip for a lease car as a starting entrepreneur is to opt for a flexible lease contract and not immediately choose the most beautiful and expensive car that you can lease. Start slowly with a short contract to keep the risk as small as possible. Then you can always grow the car with the company later. All in all, it is now clear that you can indeed lease as a starting entrepreneur, but that you must take into account somewhat stricter conditions than for more experienced companies.

View all cars up to €250 p/m here: Lease up to €250