Loan for a second-hand car

Work out your loan for a second-hand car online

Loan for a second-hand car

Work out your loan for a second-hand car online

Partial or full financing

You can pay part of the purchase price of the second-hand yourself or borrow the entire amount. The choice is yours.

Simple online application process

Work out your loan online and find out straight away how much you pay off each month.

Fixed monthly amount

Repay the same amount each month and so avoid any hidden surprises.

Borrow all or some of the amount required

Loan for a second-hand car

If you already own a car and want to sell it, you can use the proceeds of the sale to cover part of the cost of buying your next car. You can then borrow the remaining amount of the purchase price.

If you are unable to make a down payment, no problem. You can also borrow the full amount of the purchase price (including VAT).

Fixed monthly amount

When you take out your loan, you know how much you have to repay and for how long. Since the loan is at a fixed rate of interest, your monthly instalments remain the same and, therefore, you avoid any unpleasant surprises.

You can now take out a loan at the sharp rate of 3.95%*.

Work out your loan for a second-hand car

To work out your ideal term, you need to find the right balance. Borrowing for too long is not a good idea because your car quickly depreciates in value, while borrowing for too short a term can seriously increase the amount you have to repay each month. Find out more about estimating how much you can borrow.

Our loan calculator enables you to see how much you will have to pay off each month over a specific period. All you need to do is enter the invoice amount, the amount to be borrowed and the desired term, and you'll get an immediate idea of your total monthly repayments. It's a great way to find the ideal loan and the right amount to borrow.

There are a few legal constraints that apply to the term of a loan (these are automatically built into the car loan calculator).

Amount borrowed
Maximum term
up to 2,500 euros 24 months
up to 3,700 euros 30 months
up to 5,600 euros 36 months
up to 7,500 euros 42 months
up to 10,000 euros 48 months
up to 15,000 euros 60 months
up to 50,000 euros 72 months

Payment of the amount borrowed

Payment of the amount borrowed

The loan is paid to the account from which the monthly repayments will be made. You will receive the money when the car is delivered and after KBC receives the relevant signed documents and proof of investment (invoice or order form).

Repaying your loan

Repaying your loan

You start making your repayments one month after the loan is paid to you. All subsequent monthly repayments will take place on the same day of the month as the initial repayment. For instance, if we pay you the loan amount on the 20th of the month, you will make your first repayment on the 20th of the following month. All subsequent repayments will also be due on the 20th of the month in question. If you hold a current account at KBC, the repayments can be made from it.

Tax return

If you claim your work-related expenses on your tax return, you can include the interest you pay on your car loan.

Insure your car

If you've not had your driving licence for long, it's often the case that you haven't taken out any other loans. However, you are more at risk statistically of having an accident. Should you write off your car, not only would you lose it but you would have to continue paying off your loan. However, you can avoid this situation by taking out comprehensive insurance.

Second-hand car loan details (instalment loan)

Representative example: for an instalment loan of 10.500 euros to be repaid over 60 months at a fixed annual debit rate and annual percentage rate of charge of 3,95%, you pay 60 instalments of 192,81 euros per month or 11.568,39 euros in total. Rate applying from 5 January 2016 to 31 March 2017 for an instalment loan used to finance a second-hand car more than two years old. The vehicle must be bought by a private individual.

Credit type: Instalment loan provided by the lender KBC Bank NV, Havenlaan 2, 1080 Brussels, VAT BE 0462.920.226, RLP Brussels, FSMA 026.256 A. Subject to your loan application being approved by KBC Bank NV and mutual agreement.

Attention, borrowing money also costs money

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