Second-hand car loan
- For all types of car
- Choose either partial or full financing
- Get the same rate online as in-branch
Buying a second-hand car can be a smart move: you can often find exactly what you’re looking for without the significant costs of a new car. Whether you want to get behind the wheel of a compact city car, a spacious family car, or a reliable workhorse for your daily driving, the right financing will get you on the road quickly. Thanks to the KBC Car Loan, you can make your plans a reality in no time.
Bear in mind that the interest rate for a second-hand car loan depends on the type of car and its age.
Our KBC Touch and KBC Mobile apps let you easily work out and apply for your car loan. You get the same low interest rate as you would at our branches.
More second-hand car loan information
Petrol or diesel car
Looking for a loan to finance a second-hand petrol or diesel car that is less than or over 3 years old?
Hybrid car
Looking for a loan to finance a second-hand hybrid car that is less than or over 3 years old?
100% electric car
Looking for a loan to finance a second-hand 100% electric car that is less than or over 3 years old?
Full or partial financing for your car
If you’re planning on buying a second-hand* car, you have several financing options. You can pay the full amount with your savings, opt for full financing, or use a combination of both (financing the car partly with savings and partly with a loan). Whatever your situation, there’s a tailor-made solution available. We’re happy to explain all the differences:
Partial financing: one approach is to sell your previous car, and use that money to partly cover the cost of your new car. You can then borrow the remaining amount you need.
Full financing: if you’d prefer not use that money or you’d like to spread out your payments, you can: it’s possible to pay for your second-hand car with full financing, which covers the total purchase price including VAT.
As you can see, there’s always a solution to suit your financial situation and preferences.
* A second-hand car is one registered for the second time and has at least 1 000 kilometres on the clock.
A fixed-rate car loan
The interest rate on your car loan never changes. That means you can be absolutely certain your monthly repayments will remain the same for the entire term of the loan.
Crunch the numbers with our car loan calculator
If you know how much you need to borrow, you can work out the monthly payments on your loan using our calculator. The amount you repay each month depends on how much you want to borrow and the period over which you wish to repay the loan.
If you need help working out what period to repay the loan over, see our guide to choosing the best repayment plan for you.
Learn more about borrowing for a car
A car loan from KBC allows you pay for your new or second-hand car in monthly instalments. You choose how much you borrow and for how long. Thanks to the fixed rate of interest, you always know exactly what you’ll have to pay each month. This ensures you’ve got total control over your budget.
You can work out your car loan in just a few clicks. Enter the amount you need, choose the term and see your monthly repayment right away. If you’re happy with the proposal, you can apply for your loan online immediately, even if you’re not a customer with us.
How much you can borrow depends on your personal situation. We take a look at your income, expenditure and the amount you need for your car. When you work out your loan online, you’ll immediately see what’s possible for your budget.
The APR, or annual percentage rate of charge, shows you the total cost of your loan per year. This means you know exactly where you stand, with no surprises.
The best term for you depends on how much you want to borrow and how much you can afford to pay back each month. The longer the term, the less you'll have to pay each month and the easier it will be to pay off the loan. The shorter the term of your loan, the more you'll have to pay each month, but you'll pay it off sooner and also end up paying less interest. At KBC, you choose what you prefer to do.
There are a few legal constraints that apply to the term of a loan (these are automatically built into the loan calculator).
| Amount borrowed (in euros) |
Maximum term (in months) |
|---|---|
| Up to 2,500 | 24 |
| Up to 3,700 | 30 |
| Up to 5,600 | 36 |
| Up to 7,500 | 42 |
| Up to 10,000 | 48 |
| Up to 15,000 | 60 |
Your car loan will be paid to you
- When your car is delivered
- After KBC receives the relevant signed documents and proof of investment (order form or invoice)
- By crediting the account from which your monthly repayments will be made
You start paying off your car loan one month after it is paid to you. All subsequent payments are made on the same day of the month on which you made the initial repayment.
Example illustrating when repayment is to made
Suppose KBC makes your loan available to you on 25 March. You will then start repaying your loan on 25 April, with all subsequent repayments scheduled for the 25th of the month.
Account for repaying the loan
If you already have a current account at KBC, you can repay your loan from that account provided you're the sole or joint holder of the account.
The account for repaying the loan must be the same as the one into which the loan was paid.
If you don't have an account at KBC, you can also pay off your loan by direct debit from the account you hold at another financial institution.
As a private individual, you can choose between claiming a flat-rate deduction or declaring your actual work-related expenses in your tax return.
If you opt for the flat-rate deduction, you don't have to declare any expenses. However, if your actual work-related expenses are higher, it may be more beneficial to submit them instead.
In that case, the interest on your car loan is also tax deductible, but only to the extent you use your car for work purposes. In addition, the tax authorities provide a fixed allowance of 0.15 euros per kilometre if you use your car to travel to and from work and depreciate it.
We’ll be happy to help. Our web page on how to go about selling your car provides a list of tips and things to remember, such as a model contract of sale.
