Leasing a car with BKR registration: Is it possible?

Buying a new car is a hefty investment. More and more people are therefore opting for private lease. For a fixed amount per month, you can use the car and the insurance, road tax and maintenance of the car are arranged for you. With leasing a car, you do not have to save up for years and you do not spend a large amount of money all at once. This has many characteristics of a loan, which is why a private lease is often registered with the BKR.

How does removing a BKR registration work?

What does a lender pay attention to?

Do you want to buy a house or take out another loan? Then the mortgage or lender will look at your financial spending capacity. Not only do the loans you have taken out affect your ability to take out a mortgage, but your income is also important. The ratio of credits to income determines your financial spending power.

The outstanding loans are weighed against your income. This allows the lender to determine whether you have sufficient financial resources to meet the monthly (mortgage) payments and whether you can take out the loan or mortgage.

What if you have multiple loans in addition to a leased car?

If you have a phone subscription and other credit on your BKR record in addition to your private lease car, a mortgage lender may not want to give you a mortgage. This is because you have many expenses to cover on a monthly basis. The higher your monthly expenses are, the lower your financial spending limit and the lower the maximum mortgage amount you can borrow. If you have insufficient financial resources to meet your monthly mortgage payments in addition to all your loans, your mortgage application will be rejected.

You may also find that the mortgage lender may recommend that you pay off one of your loans before you take out a mortgage. This is because it increases your financial spending power. This is because the mortgage lender wants to see that you have more than enough financial resources to pay off all your loans, your other fixed expenses and the mortgage. So, indirectly, a lease has an impact on a mortgage application.

Scrapping a leased car is not something you do lightly, of course. To limit the impact of your lease car's burden on your mortgage application, you can agree on a shorter term or a lower number of miles per year.

Why should you choose a leased car?

People are increasingly opting for a leased car. This is quite understandable. After all, a leased car has its advantages:

• You can drive a new car immediately, without having to save for a long time or take out a loan.
• For a fixed monthly fee, everything is taken care of for you: insurance, road tax and maintenance. You only have to incur additional costs for fuel.
• In many cases, you are entitled to replacement transportation in case of accidents and damage and repairs to the car.

A major disadvantage of a leased car is that it gives you a BKR registration. You do not get this registration when you buy a car yourself. The BKR registration may mean that you can borrow less when you want to take out a mortgage or loan. Perhaps this is a factor to consider when entering into a private lease contract for a car.

Is the full amount registered with the BKR?

When you lease a car, the monthly lease amount consists of two parts:

• The financial part (containing the value of the car)
• The service part (which includes road tax, maintenance, repairs and insurance).

Of the total amount, only the financial part of the agreement is registered with BKR. In practice, this amounts to 65% of the lease amount.

Calculation example:

You enter into a lease for 24 months with a monthly fee of € 289.00 per month. Then the total amount is € 6,936.00. Of this amount, 65% is registered with the BKR. This then amounts to € 4,508.00.

Car leasing without BKR: What is possible?

Several leasing companies offer the service that you can lease a car without being registered with the BKR. If you are interested in this, read the terms and conditions carefully. If in doubt, even have them checked by a lawyer. Do you want to make the decision yourself? Then check whether your preferred leasing company is affiliated with the Private Lease Quality Mark. This can help you make the right decision.

Is a registration with the BKR always detrimental?

A BKR registration is not necessarily negative. If you neatly meet your financial obligations every month, you will not get negative codes on your BKR statement.

When you apply for a mortgage or other credit, lenders can see that you have met your financial obligations nicely. Lenders can conclude from this that you are able to meet your financial obligations. Therefore, applying for a loan with BKR registration is possible.