Frequently Asked Questions
What are the conditions for applying for a finance lease?
As an entrepreneur you can submit an application provided you have a valid Chamber of Commerce number. The only exception to this are the liberal professions.
I am a starting entrepreneur, can I apply for a financial lease?
Yes, it is also possible for starting entrepreneurs to take out a financial lease.
Can individuals apply for a financial lease?
No, a financial lease is only possible for entrepreneurs and companies with a valid Chamber of Commerce number.
What information do you need for a lease application?
We can make the applications without annual figures. But if it is required, we will contact you.
Do I immediately own the vehicle?
Yes, you are free to stand and go wherever you want with the car. The car does serve as collateral for the lender. The lender is the legal owner of the car and you as an entrepreneur are the economic owner.
Is insurance, maintenance and road tax included in a financial lease?
No, insurance, maintenance and road tax are not included with a financial lease.
What are the differences between financial, operational and private leases?
To see all the differences and advantages of these lease forms, you can go to the following page: differences per lease form .
What are the advantages of a finance lease compared to other forms of lease?
With a financial lease you own the car directly. You are not bound by restrictions in terms of kilometers and you have many tax benefits as an entrepreneur. For example, you can immediately reclaim the VAT of the purchase price.
What happens if my company closes?
If you stop your business, redemption is necessary. If you want to sell the car to another company, you must short-circuit this with the lender. If this is the case, you can always contact our customer service.
Can I register the car privately?
This is possible, you must then sign privately, but get good advice about the VAT to be reclaimed.
Can I lease a car that is not listed on your website?
Yes, that's possible. In that case, indicate the registration number of this car in the quotation form and enter the sales address. We can then make a sharp and suitable proposal.
Are the monthly installments fixed?
Yes, these terms cannot be changed in the meantime.
Is it possible to reclaim VAT on the monthly lease amount?
No, you can only reclaim the full VAT amount when purchasing the car. In some cases you can co-finance the VAT. You will also be refunded the full amount of VAT.
Can I take out a financial lease with a negative BKR coding?
123Lease cannot mean anything to owners of a sole proprietorship or VOF with an ongoing arrears code.
What happens at the end of the contract?
If the last installment has been paid and any final installment has been paid, you are the full owner of the car. Economically and legally.
Glossary Financial Lease
What is a closing term?
A final installment is the amount that still has to be paid at the end of the term of your contract. You do not pay any repayment on this during the term.
What is VAT?
VAT is calculated on the basis of the new price of the car. The VAT can often be reclaimed. As soon as a car has been registered in the name of a private individual, the car becomes a margin car. VAT stands for value added tax.
What is BPM?
Passenger cars and motor vehicles will be subject to an additional tax, called: BPM. The level of the bpm is linked to the new price, emissions and year of manufacture of the car. Various delivery vans and taxis are exempt from BPM. The abbreviation BPM and the meaning of BPM: tax passenger motor vehicles.
The differences between BPM and VAT?
VAT is levied on all goods and services within the Netherlands, including cars. BPM only applies to passenger cars and motor vehicles.
What does a term mean and what is the maximum term?
The term is the period over which the financing applies. It also depends on the year of construction and the desired possible period until repayment.
What are the differences between a VAT car and a margin car?
On this page: What is the difference between VAT and car margin . You can see all the differences between these two forms. As an entrepreneur, you still have to pay the VAT on a VAT car. This is not necessary on a margin car. The VAT can only be reclaimed on a VAT car.