Financing offers a solution if you can't (or don't want to) spend a large amount of money on a car at once, but still have the need for a car. Read here how car financing works at Bynco.
With financing you pay a fixed amount per month, so that you do not have to spend a large amount at once. At Bynco we offer you the opportunity to arrange the financing of your car with our partner InnoFin. InnoFin is an independent, expert and reliable party that provides tailored private and business (car) financing.
Of course, you are not obliged to take out finance from InnoFin to be able to buy a car from Bynco.
Whether you buy or finance a pre-owned car, you always benefit from Bynco’s Worry-free Service. This service includes an independent purchase inspection, 12 months' BOVAG warranty and at least 1 year's MOT. We also promise you that you won't have any unexpected costs on your car for up to 12.000 kilometers. If you do, we will pay the bill.
Follow these steps to buy a used car at Bynco through financing.
Would you like to know about applying for car financing? Or do you have a question about the status of your financing appliction? Do not hesitate to contact our financing partner InnoFin.
Duration in months, optionally from 12 months up to 120 months.
Purchase price: the amount that the car you want costs - without deducting the down payment.
Down payment: an amount that you can contribute in order to reduce the amount to be financed. You can use the money we offer you for your trade-in car for this purpose.
Financing: The amount - after deduction of the down payment and trade-in allowance, if applicable - to be financed.
Final instalment (not compulsory): the part of the loan that you pay at the end of the term. You pay interest on the final instalment, just like on the rest of the car financing. The higher the final term, the lower the monthly payment.
Interest rate: the amount of interest you pay on the amount financed. The interest rate is determined at the time of taking out the car finance and remains the same throughout the term, and therefore the monthly amount.
All the above components affect the amount you pay for your car per month.
Absolutely, InnoFin, our financing partner offers business financing. You’re able to choose Financial Lease or Operational Lease. Applying for business financing is quick and easy through Bynco.
Interest on a loan can fluctuate. That is why InnoFin, our financing partner, will determine the interest rate once you’ve applied for financing. The rates defined will remain the same for the duration of your loan.
You’ll need copies of your bank statement, payslip and proof of identity. If necessary, our financing partner InnoFin will ask you for additional documentation. Your payslip and bank statement should be less than 3 months old. Also, the transactions (rent, mortgage, salary) for an entire month should be visible on your bank statement. Expats will be asked to provide a copy of their passport or ID and a copy of their residence permit.
No, even though we work together with InnoFin, you are not obliged to take out financing from them. Therefore, you can take out financing from the bank or lender with which you are familiar. If you do choose InnoFin, then you take out the financing from them and not from Bynco.
On average, the entire process takes about 8 to 10 working days, but it will take less time if you submit the necessary documents (copy of pay slip, proof of identity and bank statement) and, if needed, additional documents to InnoFin, our financing partner, as soon as possible.
No, unfortunately we can’t do that because we don’t know in advance how much time it will take you and our financing partner InnoFin to arrange the financing. The Bynco car you have in mind will therefore remain available for other buyers. InnoFin takes this into account and tries to handle every request as quickly as possible. Nevertheless, we advise you to first arrange financing with InnoFin (or another party), and then order the car of your choice. This way we can immediately assign it to you so that it is no longer available to other buyers.