Can I make early repayments on my Financial Lease?

Many people wonder what the consequences are if you repay earlier then needed on your Financial Lease agreement? There arise unfairly many stories about huge sums to be paid. With us it is simple and cheap. How cheap? We will show you below!

If you want to pay off early you need to compensate only 10% from the interest that you otherwise would have to pay. But what does this mean in reality. The following example is correct based on the interest rates in January 2013. This example may therefore differ slightly when interest rates change.

Example

The vehicle you want to lease is worth €10.000. Suppose you pay a total of € 2300 of interest over 60 months for the Vehicle that your are leasing. This is a monthly fee of € 205. After 3 years (36 months) you would like to repay the the remaining amount in one time. It is important to know how much compensation you have to pay. In this case, the total interest remaining (€ 2300) is € 390 on. You only need to pay 10%. This equates to a total compensation payment of only € 39.

How beneficial is early repayment?

We can, based on the previous example also calculate how beneficial early repayment actually is and how much money you have saved. So by paying € 39 you save yourself from paying 24 terms of € 205. This results in € 4920 (24 x € 205). Because you are repaying the vehicle early you only need to pay the resedual value + fee. That is

€ 4355 + € 39. This is a difference of € 526 in your advantage.

What are your bank details?

Bank: RABOBANK 1032.47.157

BTW/VAT: NL0046.76.841.B.01

IBAN: NL91RABO0103247157

SWIFT/BIC: RABONL2U

KvK: 11013784 (Chamber of Commerce)

Do you accept cheques?

No, we do not accept cheques. You can pay in cash, by debit card (MAESTRO), domestic/international bank transfer or L/C.

On the website, you can pay by credit card, (international) bank transfer and via IDeal (Netherlands only).

What do I need for opening an L/C?

Document for opening L/C in pdf:

Document for opening L/C in doc:

Must I pay the full amount in one payment when I buy a vehicle?

You can enter into a purchase contract based on a down payment. The down payment amount varies with a minimum of 10% of the total purchase amount. The down payment via the website is always EUR 2,000. The remainder must be paid by the agreed date. Once we see that the full amount has been paid into our account, the vehicle will prepared for delivery.

How can I pay?

We accept the following payment methods: cash, debit card (MAESTRO), domestic/international bank transfer or L/C. On the website, you can pay by credit card, (international) bank transfer and via Ideal (Netherlands only).

How can I recognise invoices from Kleyn?

Always check that all information is correct and also check the account number on the invoice. Our account number is NL91 RABO 0103 2471 57. In addition, we always mail from an @kleyn domain. Are these things not correct or in doubt? Please contact us.

What can I do if I doubt the authenticity of an invoice or e-mail?

If in doubt, you can always contact us on +31 183 668 222 or [email protected].

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Can I make early repayments on my Financial Lease?