Private lease and BKR registration: here’s how it works

Bureau of Credit Registration

The BKR – Bureau Krediet Registratie – as its name implies, registers credits, official financial obligations, of more than €250 with a term of one month or longer. So not just a loan, but also payment arrangements, your credit card, your cell phone subscription and the bank account where you can go into the red. AND your private lease. Want to know if you have a BKR registration? You can do so here.

Is private lease loan?

No, a private lease is not a loan, but you are making a long-term financial commitment, just like with a loan. Therefore, a private lease is considered a form of credit and thus registered with Bureau Krediet Registratie.

Registration with BKR negative?

It sounds like a cross behind your name, like placement on some blacklist. But is a registration with the BKR bad for you? Not necessarily. The BKR registers credit to protect you from excessive monthly payments and provides an overview of your financial obligations. And can sound the alarm if you are in danger of going over the line. However, a BKR registration does affect any new loans, such as a mortgage. You can read more about that below.

Benefits of BKR registration

Um, but then you might not get the private lease – or that loan – you want. Indeed, but this will prevent you from getting into financial trouble. Indeed, if you do always fulfill your financial obligations, that too is fixed. The leasing company can see that too, so you do get your private lease – and maybe even quite quickly – without worrying that you won’t be able to carry the burden.

Mortgage and private lease

If you already have a mortgage for your home, then leasing a car privately will not affect your mortgage. But vice versa, of course. Your monthly mortgage payments count when assessing whether you can get a private lease. If you have high expenses, you can probably choose a less expensive “lease car.

Private lease and mortgage

Therefore, if you are already leasing a car privately, you are registered with BKR. That means your private lease – like your other long-term financial obligations – will affect the maximum mortgage you can get. So you may not be able to borrow as much for your new home as you had hoped.

Private lease with or without BKR?

Not every leasing company registers its private leases with BKR. But, of course, that doesn’t change your payment obligations. Of course, you must also be able to consider whether you can handle more long-term financial obligations. But if you want to avoid BKR registration by choosing precisely a leasing company that doesn’t have the contract registered, you should already realize that it’s probably better not to take a private lease.

Hallmark Private Lease

Since February 2016, the Private Lease Hallmark has existed. Providers with this seal of approval register their leases with BKR. Nowadays, the entire lease amount is recorded. This is done within one month of delivery of the leased car.

End of lease – end of BKR registration

When your private lease contract expires, the BKR registration also immediately expires. Even if you end your lease early, this is also the case, but you will still face a final bill from the leasing company.