Financing your VTC vehicle: which credit to choose?

As part of a VTC driver activity (private vehicle with driver), the financing of the car may be subject to questions such as the type of credit to subscribe to ensure the activity and to have a car quality.

VTC vehicle: the classic car loan

VTC vehicle: the classic car loan

The financing of a car for a VTC driver activity is an important subject, the recourse to a classic car loan makes it possible to finance this purchase. The auto loan is in fact an assigned loan, this means that the purchase of the vehicle is directly linked to the financing. It is then necessary to justify the amount of the vehicle with the bank by a quotation or a purchase order, the release of the credits will be done only if the vehicle is really bought, it is a guarantee to avoid to find with a loan with refund.

To obtain this loan, one must also justify a stable situation, that is to say, be an employee on a permanent contract or have a status of individual business type, SAS or SARL. In the context of a company, the balance sheets will be needed to validate the financing study.

Personal loan for a used VTC vehicle

Personal loan for a used VTC vehicle

If the affected loan provides collateral, it requires the provision of documents and the processing times are necessarily longer. To save time and avoid producing proof of quantity, some opt for personal loan. It is a consumer credit whose amount does not need to be justified by the driver VTC, it is sufficient to specify the amount desired to validate his loan application.

This loan does not have the security provided by the loan, but it allows you to buy a used vehicle from an individual or to meet a rapid need for financing, especially if the driver is left without a vehicle for his activity.

Automotive leasing

Automotive leasing

Leasing is a financing contract that allows you to drive in a new vehicle and maintained by the concession without having to pay a high price. It is simply a rental defined for a period of between 1 and 6 years, with an annual mileage capped. The advantage of this leasing is to have a vehicle in good condition, without having to worry about the interviews, the administrative procedures and even the insurance because it can be included in the contract.

Two contracts are offered as part of the leasing and it is the status of the driver VTC that will know which contract is the most suitable. Lease with purchase option (LOA) is more suitable for individuals because this leasing allows the vehicle to be bought back at its residual value at the end of the contract. The alternative is long-term leasing, a contract specifically designed for professionals but that does not include the possibility of buying the vehicle.

Good to know: as part of a car purchase for a VTC driver activity, it is advisable to opt for a vehicle in business range, a finish including options for professionals making many routes (GPS, speed cameras). recoil, motorization).