Looking to buy a car, van, or lorry for your business? Business car finance puts you in the driving seat. Spread the cost and immediately become the vehicle's economic owner with ING financial lease. Economic ownership means you can write the vehicle off as a business expense by claiming fuel costs, insurance, repairs, and servicing costs on your tax return. At the end of the agreement, the vehicle will be paid off in full, and you'll own it outright.
Why choose us for car finance?
Tip: compare car finance deals
Car finance doesn't have to happen through a dealer or bank. You're always free to compare deals and providers. All you need is a quote for the car you'd like.
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Zero-emission zones and EVs
A growing number of cities are introducing zero-emission zones in their city centres. In these zones, petrol vans and lorries aren't welcome. But EVs are. By going electric, you'll always be in compliance with the regulations. And able to reach your customers.
"}},{"componentType":"testimonial"},{"componentType":"cards"},{"componentType":"sectionTitle","title":"Other types of asset finance"},{"componentType":"paragraph","richBody":{"value":"Find out what else you could finance for your business.
"}},{"componentType":"accordion","accordionList":[{"title":"What would you like to finance?","richBody":{"value":"
Other equipment
To apply for asset finance from us, you must:
Please note: with the exception of private limited companies, none of the company's owners may have a BKR registration in their name.
The asset you want to finance must:
One of our specialists will be happy to discuss the requirements.
Terms and conditions
If you're taking out asset finance, it's good to know what to expect. Take a look at our general terms and conditions for credit provision. These T&Cs apply to all ING customers. Other, more specific T&Cs might also apply to your business. These will be outlined in your quote after we've approved your application.
"}},{"title":"Can I finance a used vehicle?","richBody":{"value":"Absolutely. Calculate your monthly payment here and request a quote. One of our specialists will be in touch within two working days. They'd also be happy to answer any questions about the lease term or monthly payment.
PS: you can also finance used equipment or machinery!
"}},{"title":"What paperwork do I need?","richBody":{"value":"You'll need a quote or contract for the asset. Asset value over €250,000? We'll also need (consolidated) annual financial statements of the past 2 years.
"}},{"title":"Should I borrow or lease?","richBody":{"value":"There are two ways to get behind the wheel of a new company car: asset finance or a business loan. What's right for you depends. Asset finance usually is the cheaper option, but it can vary from business to business. Plus, there's more to consider than cost alone.
Your cash flow
Enough cash reserves to pay the full upfront cost? You're better off with a loan.
Want to spread the cost and free up cash reserves with monthly payments? Asset finance is your best bet.
How well the asset ages
Looking to buy long-term assets that will increase in value, like property or land? Go for a loan.
Or assets that will age quickly, or need a lot of maintenance? Asset finance is cheaper.
How long you'll need the asset
Short-term use? Asset finance is the better option.
Long-term investment? Opt for a business loan.
Calculate your monthly payment
Still on the fence? Use our quick check to calculate your monthly payment for both asset finance and a business loan.
"}},{"title":"What are the tax benefits to financing my assets?","richBody":{"value":"With asset finance, business assets are listed as economic ownership on your balance sheet. You might be entitled to investment tax deductions. This means you could partially or fully deduct the purchase value from your turnover in your income tax return. You'll pay less tax as a result. You can also depreciate the asset value, which helps reduce your taxable profits.
Going electric? You might be eligible for the MIA or VAMIL schemes for environmentally-friendly investments.
Under the MIA scheme, you can deduct the investment costs of qualifying assets from your profits before tax. This is on top of your regular investment tax deductions.
Under the VAMIL scheme, you can choose the year in which to depreciate the asset. Choose the year that gives you the largest tax benefit.
"}},{"title":"What's the difference between operational lease and financial lease?","richBody":{"value":"With operational lease, you 'rent' an asset for your business for a specific period of time. At the end of the agreement, you can choose to return the asset or buy it. You won't be the economic owner of the asset. Operational lease is available for assets worth €1,000,000 and up.
Financial lease is similar to hire purchase. The asset immediately becomes your economic property. At the end of the agreement, once the cost of the asset and the interest is paid off, you'll own it outright.
Learn more about the differences between operational lease and financial lease.
"}},{"title":"What do economic ownership and legal ownership entail?","richBody":{"value":"
Economic ownership
When you're the economic owner of an asset, it's listed on your company's balance sheet and considered company property. You're in full control of the asset, which means it's up to you where and when to have it serviced. With a financial lease, you're the economic owner, but not the legal owner.
Legal ownership
The bank is the legal owner of the asset for the length of the agreement — until the asset is fully paid off. If you're unable to make the monthly payments, the asset is considered collatoral, and the bank will have the right to repossess it.
"}}]}]},"complementaryZone":{"flexComponents":[{"componentType":"cards","cards":[{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"ING asset finance terms and conditions","intro":"View all T&Cs.","image":{"transformBaseUrl":"https://assets.ing.com/transform/2b23eaa6-0962-43f1-894a-a4054d1fa295/Medium_MS-PPT_MS-Word_Newsletter-A-man-hugs-the-hood-of-a-vintage-car-inside-a-garage","type":"image","width":900,"original":"https://assets.ing.com/m/2eb5316b1fd919b4/original/Medium_MS-PPT_MS-Word_Newsletter-A-man-hugs-the-hood-of-a-vintage-car-inside-a-garage.jpg","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance/lease-and-asset-finance"}},{"componentType":"productCard","cardType":"product","cardSize":"medium","title":"All asset finance options","intro":"Explore all the ways to fund your business purchase.","image":{"transformBaseUrl":"https://assets.ing.com/transform/d130b0d7-8469-4d07-a67a-43b4b4e281a1/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen","type":"image","width":5616,"original":"https://assets.ing.com/m/31673aaf98e90c3c/original/Overhead-view-of-a-person-standing-at-the-cash-register-with-a-notepad-and-a-phone-with-the-ING-mobile-app-open-on-the-screen.jpg","extension":"jpg"},"link":{"url":"/en/business/loans-and-finance"}}]},{"componentType":"linkList","linkListCTA":{"textLink":{"text":"Meer info"}},"iconTitle":{"icon":{"transformBaseUrl":"https://assets.ing.com/transform/e2274273-96dc-48a1-9c2c-17f9311aed5e/Feedback-Light_Bulb_Outline","type":"image","width":32,"altTextNL":"\"\"","original":"https://assets.ing.com/m/6c2465a2e1603f5f/original/Feedback-Light_Bulb_Outline.svg","extension":"svg"},"title":"Bekijk ook"},"textLinks":[{"url":"/zakelijk/financieren/financiering-wijzigen","text":"Een lopende financiering wijzigen"},{"url":"/zakelijk/financieren/zakelijke-lening/tarieven","text":"Actuele rentes zakelijke financieringen"},{"url":"/zakelijk/financieren/gedragscode-kleinzakelijke-financiering","text":"Gedragscode Kleinzakelijke Financiering"},{"url":"/zakelijk/financieren/zakelijke-lening/5-tips-voor-een-succesvolle-financieringsaanvraag","text":"Tips voor een succesvolle aanvraag"},{"url":"/zakelijk/financieren/zakelijke-lening/beoordeling-van-een-financieringsverzoek","text":"Beoordelingscriteria: waar let ING op?"},{"url":"/zakelijk/financieren/overige-mogelijkheden/hulp-bij-financiering-aanvragen","text":"Je aanvraag uitbesteden?"}]}]}}}