What counts when you're just starting
Without annual accounts, a lender looks at other signs that you can pay your instalments.
- Experience in your trade. A plumber with ten years as an employee is a lower risk than someone without experience.
- Jobs. A contract or order confirmation carries a lot of weight.
- Revenue so far. Bank statements from your business account.
- Your own contribution. A down payment or trade-in car lowers the risk.
How to improve your chances
- Choose a car that fits your revenue. A young used car is often smarter than new.
- Make sure your business account is separate from your private finances.
- Consider a small down payment or a higher balloon payment.
- Submit a complete file. That speeds up the assessment.
How much can you borrow as a starter?
As a starter with no track record, lenders set the bar a bit higher. Expect an interest rate of about 9 to 12% and sometimes a down payment of 10 to 20%. A van of around € 25.000 to € 35.000 gives you the best chance.
| Price incl. VAT | 48 mo | 60 mo | 72 mo |
|---|---|---|---|
| € 15.000 | € 293 | € 247 | € 216 |
| € 20.000 | € 390 | € 329 | € 288 |
| € 25.000 | € 488 | € 411 | € 361 |
| € 30.000 | € 585 | € 493 | € 433 |
| € 35.000 | € 683 | € 576 | € 505 |
VAT car, financing excl. VAT, 10% balloon payment, 9,9% interest. Indicative.
What helps with a starter application?
- A client or contract. Shows where your revenue comes from.
- Experience as an employee in the same trade.
- A down payment or trade-in. That lowers the risk for the lender.
- A clean BKR record. A running loan is no problem, arrears are. Financial lease and BKR.
- A business account with your first income.
Review again after a year
Once you have your first annual accounts after a year, you can sometimes refinance at a lower rate. Early repayment is usually possible for a small fee. Early repayment.
From application to keys
- Application (2 minutes). Enter your business, your contact details and the vehicle. Haven't chosen a car yet? You can add it later.
- Proposal. We submit your application to the lender that best suits your situation and send you a proposal with the interest rate, monthly instalment and balloon payment.
- Documents. Usually an ID, a KvK extract and a few bank statements. You upload them securely on your personal status page.
- Sign digitally. Once approved, you sign the contract online.
- Payout and collection. The lender pays the seller directly. You collect the car.