Financing a Car as an expat

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WadsyUK
Posts: 3
Joined: Mon Oct 29, 2018 9:11 am

Financing a Car as an expat

Post by WadsyUK » Wed Mar 13, 2019 3:49 pm

Apologies if this is an old topic, but I've had a look and couldn't find an exact answer.

I am moving to Turku in April with my employer for a new job. I have lived and worked in Finland before but was provided with a car. This time I am not. I have my British car, which is currently in Switzerland and I have been using for the last 3 years across France, Netherlands and now Switzerland. I've always been allowed to bring it with me as part of my removal goods. For Finland this appears harder as you have to pay tax on the vehicle to bring it in. So I will leave it in Switzerland.

I will be flying back and forth and therefore need a car in Finland to get to and from Helsinki airport.

So the question is, as an expat how difficult is it to lease a car or obtain finance to buy one? I will be a sole trader in Finland and paying all my taxes there as I will spend more than 183 days outside of Switzerland.

I am assuming I will have difficulty as I have no Finnish credit history although. Have any expats taken out a car lease or been granted finance to buy a vehicle in Finland?

Thanks



Financing a Car as an expat

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tavastia
Posts: 415
Joined: Tue Mar 08, 2016 1:54 pm

Re: Financing a Car as an expat

Post by tavastia » Wed Mar 13, 2019 5:20 pm

You may not get a lease right away, as private person, can you try to get it thru your employer? It's not a cheap option but is one option. Getting a credit for buying the car is unlikely in first year in Finland but maybe is possible if you are paying a larger upfront money for the car. You need a car to travel to airport from Turku? Why don't you use the train? Turku -> Pasila -> Airport. Also there are every hour direct buses from Turku to HEL airport.


FinnGuyHelsinki
Posts: 1043
Joined: Sun Nov 08, 2009 8:52 pm

Re: Financing a Car as an expat

Post by FinnGuyHelsinki » Wed Mar 13, 2019 7:20 pm

WadsyUK wrote:
Wed Mar 13, 2019 3:49 pm
I will be flying back and forth and therefore need a car in Finland to get to and from Helsinki airport.
If that's the only need then you definitely want to consider the public transportation options. You'd be paying hundreds of euros *) each month for having the car just sit around most of the time.

*) lease, or devaluation, annual tax, insurance, maintenance,.... and fuel


Upphew
Posts: 10392
Joined: Tue Apr 08, 2008 10:55 pm
Location: Lappeenranta

Re: Financing a Car as an expat

Post by Upphew » Thu Mar 14, 2019 9:16 am

FinnGuyHelsinki wrote:
Wed Mar 13, 2019 7:20 pm
WadsyUK wrote:
Wed Mar 13, 2019 3:49 pm
I will be flying back and forth and therefore need a car in Finland to get to and from Helsinki airport.
If that's the only need then you definitely want to consider the public transportation options. You'd be paying hundreds of euros *) each month for having the car just sit around most of the time.

*) lease, or devaluation, annual tax, insurance, maintenance,.... and fuel
How much is it nowadays to park car at the airport? Free it ain't.
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FinnGuyHelsinki
Posts: 1043
Joined: Sun Nov 08, 2009 8:52 pm

Re: Financing a Car as an expat

Post by FinnGuyHelsinki » Thu Mar 14, 2019 9:23 am

Upphew wrote:
Thu Mar 14, 2019 9:16 am
How much is it nowadays to park car at the airport? Free it ain't.
10€/day, give or take, some don't offer single day parking, and probably there are deals if using more frequently.


Rick1
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Joined: Tue Apr 22, 2008 7:13 pm
Location: Home

Re: Financing a Car as an expat

Post by Rick1 » Thu Mar 21, 2019 9:22 pm

Have you carefully checked if you have to pay taxes for a car that you already own and bring it as moving good? This used to be free of taxes, at least 6 months in foreign country and 1 or two years keeping it in Finland. And you can check how much taxes you need to pay if not free, if it is over three years it cannot be too much since Finns are importing them all the time, especially diesels that Germany and Sweden do not want anymore.


tavastia
Posts: 415
Joined: Tue Mar 08, 2016 1:54 pm

Re: Financing a Car as an expat

Post by tavastia » Fri Mar 22, 2019 6:08 am

Rick1 wrote:
Thu Mar 21, 2019 9:22 pm
Have you carefully checked if you have to pay taxes for a car that you already own and bring it as moving good? This used to be free of taxes, at least 6 months in foreign country and 1 or two years keeping it in Finland. And you can check how much taxes you need to pay if not free, if it is over three years it cannot be too much since Finns are importing them all the time, especially diesels that Germany and Sweden do not want anymore.
Yes, you need to pay the import tax. Tax could be somewhere between 20-30% of the value in Finland but it's based on emissions.
You could calculate it from there: https://asiointi.tulli.fi/mahtiinternet/


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