A company car is often an essential part of an entrepreneur’s life, whether the business is new or established.
But what if you don’t have enough cash to buy a car straight away? Or if you have other investments in mind or would like to put a little money aside?
KBC offers three different methods by which you can still finance your vehicle.
One way to finance your car is using a traditional investment credit. If you opt for this approach, you immediately become the owner of your vehicle – KBC simply helps you finance the purchase.
You can also opt for renting, which is an off-balance-sheet leasing method. In this case, you pay KBC a monthly fee to use the car.
The third option is leasing. With this method, you are the lessee and the accounting treatment of the car occurs via your balance sheet: capitalisation and depreciation. You also acquire the right to use the vehicle. We explain this in more detail below to give you an even more complete picture.