Car loan – buy a car with financing from Nordea

Buy a car through hire purchase

• With hire purchase from Nordea Finance, you can buy a new or a used car from a dealership by making fixed monthly payments.
  

• When you buy a car through hire purchase, the car itself serves as collateral for the finance so there is no need for other collateral. 

• You’ll first need to make a down payment of some 10–20% of the vehicle’s value. Alternatively, you may be able to trade in your existing car to the dealership to cover the down payment. 

• The monthly payments under your hire purchase agreement will be determined based on a suitable repayment period of 1 to 6 years.

• The hire purchase agreement is made at the car dealership in connection with the purchase of the car, so you can ask the salesperson about hire purchase finance. They will take care of applying for and opening the loan for you.

Read more about Nordea Finance hire purchase

What does it mean to buy a car through hire purchase?

Hire purchase is still the most popular way to finance a car. It’s typically used when buying a new car but it’s also possible to buy a used car through hire purchase.

Hire purchase is available via car dealerships. It’s often a good option when you don’t have financing from your bank or you don’t want to use your savings to buy the car. With hire purchase, the cost of your car will be divided into monthly payments that suit your budget over a period of several years that reflects the value of the car. 

Typically, the share of the costs is larger than the actual instalment in the first monthly payments but this will change over time and the share of the costs may eventually be very small compared to the instalment. Use our car finance calculator to work out a suitable monthly payment and repayment period for you. 

Try the car finance calculator (in Finnish)

Advantages of buying a car through hire purchase

• You get more time to pay.
• It’s up to you how quickly you want to pay off your car – you can increase the agreed monthly payments later and save on your hire purchase costs.
• The car is used as collateral, which means you don’t need other assets to back up the loan.
• As you don’t need to tie up a large amount of cash in your car, you might have money left over to invest.
• You don’t need to be a Nordea customer to buy a car through hire purchase.
• If your circumstances change, you can always sell the car in the middle of your hire purchase agreement period.

Larger final payment

When making a hire purchase agreement, you can choose to make one larger final payment, which means the regular monthly payments you make prior to that will be smaller.

You should therefore make sure you’ll have enough money to make this larger final payment at the end of your hire purchase agreement. In some cases, the larger final payment can be transferred to a new hire purchase agreement for your next car or the dealership can take it into account in the price of a trade-in car.

Features of car leasing

• Autoleasing is a private leasing service for our personal customers, which enables you to lease a car by making fixed monthly payments. 
• It’s effectively a long-term rental, and the fixed monthly amount you pay covers maintenance, repairs, tyres and more. 
• The fixed monthly payment depends on several factors, including the make, model and age of the car you choose. 
• We expand and update our Autoleasing selection frequently. It comprises large, small, petrol, hybrid and electric cars alike from dozens of manufacturers. 
• When you lease a car, you can rely on predictable costs and you don’t have to worry about the depreciation of your car’s value.

Read more about Nordea Autoleasing (in Finnish)

Ordering a lease car is easy

Ordering a lease car online has become easier and more popular over the past few years. High-quality online services have made it possible to use a web-based ordering process also for larger purchases, such as cars. When you use our Autoleasing service, ordering a lease car online is both easy and secure – and you get predictable costs for the entire agreement period.

It’s never been easier to get a new car online. The number of cars ordered online has been increasing steadily. It’s a quick and easy option especially if you already know which make and model you want. Online orders are especially popular with lease cars – about 95% of our Autoleasing orders are made on our website at autoleasing.fi.

When you’re planning to order a lease car online, we recommend that you look into the different service providers and choose a Finnish one if possible. Before you make an order, think about the make and model you want and what your needs are; what do you need the car for and what type of car would be best suited to that purpose. Electric cars are a very popular choice for car leasing. Plug-in cars accounted for as many as 86% of all new Autoleasing agreements this year, while fully electric cars accounted for 48%.

Read more about how to order a lease car (in Finnish)

Explore the Nordea Autoleasing car selection (in Finnish)

Ordering a lease car online

Our Autoleasing service allows you to get a car online from start to finish. Our lease cars are simple to order and an easy solution all around. You’ll know the costs of driving a lease car when you order it and you’ll always get a brand new car from Autoleasing. When you have a lease car, you don’t need to worry about depreciation, maintenance or repairs, as these are all included in the monthly price you pay for your car. .

Our website at autoleasing.fi is easy to use and offers you a chance to compare different agreement periods, kilometer allowances, accessory packages and cars. We provide you with the basic details you need to know about each car. And if you already have a favourite make you trust, you can easily go ahead and order the car you want.

See what our leasing packages include (in Finnish)

What kind of a driver are you? Take a test! (in Finnish)

Have any questions?

To help you find and order the right car, we try to provide as much information as possible about the cars in our selection on our website, including the accessories and technical details. We are also happy to answer any questions you may have about the vehicles you’re interested in.

Once you have decided on a car, you can easily order it online. Simply select an agreement period that suits you, then pick the car, type of fuel and accessories you want and confirm your order. Once we have processed your order and your car is ready, we’ll deliver it to your door. 

See answers to frequently asked questions about car leasing (in Finnish)