A term that you hear more and more about, buying a second-hand car on installment. This often gives a buyer the chance to drive a young used car at an attractive arrangement. After all, you do not have to pay a large sum in one go, but you can decide for yourself what you can miss every month and select a car for this. Because of course there is more to it than just taking advantage of an attractive monthly amount, we give you some tips to look out for when buying a second-hand car on payment.
What does buying on installment mean?
Buying an occasion on installment is the same as Financial Lease or financing your purchase. The total purchase amount is divided over the number of months that you pay off the car. A percentage of interest is added to this. With OccasionLease you can always decide yourself if you want to pay more. For example, do you have a car that you want to trade in? Then you can use that amount perfectly as an extra on your down payment. After all, the higher your down payment, the lower your monthly amount and interest will be.
Is an installment registered with the BKR?
When you submit a lease request with us, we will always do a BKR check. This means that we check whether you have a negative BKR registration. Unfortunately, if this is the case, we cannot assist you further. With the purchase of a second-hand car on an installment basis you take out a type of loan, you will always receive a registration with the BKR. If you adhere to the payment agreements, this will not have a negative effect on you. Buying a second-hand car on installment gives you more chances to buy a used car at a young age. However, we would like to point out that it is a form of borrowing money, so that you pay interest on it.
Do you want to know more about our method?
Then contact us via the contact form, or apply for a lease immediately to see if you are eligible for a Financial Lease.
