A company car is often vital to a new or existing business’s operations.
But what if you don’t have the necessary funds to get one straight away? Or perhaps you do have the money, but you’d rather use it for other investments?
KBC can still help you finance the car. We offer three options.
You can finance the vehicle using a traditional investment credit. In this case, you become the owner of the car you buy: KBC simply helps you finance the purchase.
Another option is leasing. If you choose this method, you are the lessee and you place the car on your balance sheet and depreciate it. In this case, you have the right to use the vehicle, while KBC remains its owner.
A third option is renting. This is an off-balance-sheet leasing method, in which your business pays a regular fee to KBC (similar to hiring) for use of the car. We’d like to look at the renting option in a bit more detail.