I am self-employed, can I lease a car?
I am self-employed, can I lease a car?
I am self-employed, can I lease a car? That is certainly possible, there are even several options regarding business leasing. Initially, it is useful to map out which form of lease you want. The 2 best-known forms are Financial lease and Operational lease. The moment you enter into a business lease, you should think carefully about whether you also want to leave the car on the company's premises or whether you will take it to private use (possible in some cases).
If you leave it on the company's premises, there are many advantages. The VAT can be reclaimed from the tax authorities, but costs such as fuel, insurance, maintenance and depreciation can also be entered as costs for the company.
Do you leave it on the company's books but also drive it privately? (more than 500 kilometres per year). Then you will have to pay an additional taxable benefit on the car. The amount of the addition may never exceed the total cost of the car.In some cases, it is also possible to have a lease assessed as a business car (with a Chamber of Commerce number) but still keep it off the company's books. You won't then be able to reclaim the VAT or claim maintenance costs on the business, but you won't have to pay an additional tax on the car either. What is the wisest thing to do is not the same for everyone. Everyone is unique and each person's situation will be different.
I am self-employed, can I lease a car? If you apply for a lease as a self-employed person, the assessment is very different from that of a private person. He can prove his income by means of a pay slip, which is often more difficult for a company. Depending on the lease amount applied for, in most cases it is possible to obtain an assessment without insight into annual figures. If the investment is fairly high, annual accounts will usually be requested.
In the case of assessments without figures, the following are taken into account: The owner behind the business, the industry you operate in, the object being applied for and whether it adds value and the start date of the business. If approved, we will contact you to discuss the possibilities!
