Business car loan Sweden

Business car loans in Sweden let you finance a company vehicle without tying up your working capital. Whether you need a delivery van, sales car, or work vehicle, there are flexible loan options designed for businesses of all sizes — including sole traders and freelancers.

We break down how business car financing works, what types of loans are available, who qualifies, and whether buying or leasing makes the most sense for your company.

What Is a Business Car Loan?

A business car loan is a type of financing used to purchase a vehicle that will be used primarily for business purposes. This could include company cars for sales staff, delivery vans, service vehicles, or even a single car used by a self-employed consultant. The loan is issued in the name of the business, and the vehicle is typically recorded as a business asset.

Unlike a personal car loan, a business car loan may come with different tax treatment, flexible repayment terms, and often the option to finance more expensive or commercial vehicles. The lender will assess your company’s financials, not just your personal credit, although a personal guarantee is often required — especially for small businesses or sole traders.

Most Swedish lenders offer business car loans to registered companies (AB or HB), enskild firma, and even freelancers with F-tax status. Both new and used vehicles can be financed, including vans, trucks, or hybrid cars. Whether you’re looking to expand your fleet or replace an older vehicle, a business car loan gives you access to the asset without using up your working capital.

There are several ways to finance a business vehicle in Sweden. The best option depends on your company structure, budget, tax preferences, and whether you want to own the vehicle or lease it long term. Below is a comparison of the most common financing options.

Types of Car Loans for Businesses

There are several ways to finance a business vehicle in Sweden. The best option depends on your company structure, budget, tax preferences, and whether you want to own the vehicle or lease it long term. Below is a comparison of the most common financing options.

Loan Type	Secured?	Amount Range	Best For	Approval Time
Business auto loan	Yes	SEK 100,000 – 1,500,000	Buying a new or used vehicle directly	3–10 business days
Unsecured business loan	No	SEK 50,000 – 500,000	Quick financing without collateral	1–5 business days
Personal loan for car	No	SEK 50,000 – 300,000	Self-employed without company structure	1–3 business days
Financial leasing	Yes	Varies	Low upfront cost, tax advantages	2–7 business days

Business Auto Loan

This is a secured loan where the vehicle serves as collateral. It allows your company to own the vehicle outright, often with a down payment. Monthly repayments include principal and interest, and once the loan is paid off, the car belongs to the business. This is a good choice if you plan to keep the vehicle long-term or want it listed as an asset.

Unsecured Business Loan

For companies or self-employed individuals who don’t want to use the vehicle as collateral, an unsecured loan is a flexible alternative. The funds can be used to buy a car, but you’re free to allocate them as needed. Approval is based on business income and credit score. Loan amounts are lower, and interest rates tend to be higher.

Personal Loan for Business Use

Self-employed professionals, especially those with enskild firma, can take out a personal loan to buy a business-use vehicle. Since your personal and business finances are linked, this is a practical workaround if you lack a formal company structure. Approval is based on your personal credit and income.

Financial Leasing

With financial leasing, your business rents the vehicle for a fixed term, typically 2–5 years, with the option to buy it at the end. Leasing doesn’t require full upfront payment and is fully tax-deductible in most cases. Monthly costs are predictable, but the car remains the leasing company’s property during the lease term. Ideal for businesses that prefer flexibility or rotate vehicles regularly.

Requirements for a Business Car Loan

To get approved for a business car loan in Sweden, your business must meet standard lending criteria related to registration, creditworthiness, and documentation. Whether you’re applying as a company or self-employed, lenders assess risk based on income stability and financial history.

Most lenders require the following of your business

• Is registered in Sweden with a valid organisationsnummer (AB, HB, or enskild firma)
• Has been operating for at least 6–12 months
• Has stable monthly income or turnover
• Has a clean credit history (business or personal, depending on structure)
• Can provide a vehicle quote or invoice from a seller
• Submits recent bank statements and tax filings
• Offers collateral (typically the car itself) or a down payment of 10–20%
• Presents valid ID of the owner or legal signatory

For sole traders or freelancers, personal credit and private income may be evaluated alongside the business data, since there’s no legal separation. If you’re newly established or have irregular income, expect to provide additional documents such as a budget, client contracts, or a brief business case to support the application.

How to Apply for a Business Car Loan

Applying for a business car loan in Sweden is relatively straightforward if you’re prepared. Lenders want to see that your business is active, financially stable, and that the vehicle will be used for professional purposes. Here’s how the process works — step by step.

Step-by-Step Application Process

1. Get a vehicle quote from a dealership or seller
2. Determine how much financing you need
3. Compare loan types (secured, unsecured, or leasing)
4. Collect the required documentation
5. Apply via lender, broker, or online platform
6. Review the offer and sign the agreement

Required Documents

Before you apply, make sure you have:

• Vehicle quote or invoice (mandatory)
• Business registration info (organisationsnummer)
• Bank statements (typically last 3–6 months)
• Tax filings or annual report
• Personal ID of the person signing
• Possibly a business budget or forecast (if newly established)

If you’re applying as an enskild firma, your personal income and credit score will also be reviewed.

Where to Apply

You can apply for a business car loan through:

• Online lenders – faster approval, more flexible, suitable for smaller loans or newer businesses
• Leasing companies – if you choose financial leasing, the application goes through the leasing provider, often in partnership with car dealers
• Commercial banks – offer structured car loans, often with better rates but stricter requirements

Instead of contacting each lender separately, you can compare multiple business car loan offers directly on our platform. This saves time, helps you find better terms, and ensures you’re matched with lenders that actually accept businesses like yours.

Approval Time and Payout

• Online lenders: 1–3 business days
• Banks: 5–10 business days
• Leasing firms: 2–7 business days

Once approved and signed, funds are usually paid out directly to the seller, not to your business. In the case of leasing, the contract starts upon vehicle delivery, and monthly payments begin as agreed.

Business Loan vs Leasing – What’s Better?

When financing a company vehicle, businesses in Sweden typically choose between buying with a loan or leasing through a finance agreement. Both options have pros and cons, depending on how your business uses vehicles, your cash flow, and tax preferences.

Loan vs Leasing Comparison

Aspect	Business Loan	Financial Leasing
Ownership	You own the vehicle from day one	Leasing company owns it during contract
Upfront Cost	Often requires down payment (10–20%)	Lower or no upfront cost
Monthly Cost	Higher, includes principal + interest	Lower, covers depreciation + service fees
Flexibility	More long-term commitment	Easy to upgrade or switch vehicle after term
Tax Deduction	Depreciation + interest may be deductible	Full lease cost is usually deductible
Balance Sheet	Vehicle listed as asset and liability	Off balance sheet (in most cases)
End of Term	You keep or sell the vehicle	Option to buy at residual value or return

When Buying Makes Sense

A business car loan is ideal if you:

• Want full ownership of the vehicle
• Plan to use the vehicle for many years
• Prefer to list the asset in your balance sheet
• Have capital for a down payment
• Want long-term control with no mileage limits

When Leasing Is Smarter

Financial leasing makes more sense if you:

• Prefer lower upfront and monthly costs
• Upgrade vehicles frequently
• Want to avoid resale hassle or asset risk
• Prefer predictable, tax-deductible monthly costs
• Don’t want the car listed on your books

Tax & Accounting Considerations

In Sweden, leasing payments are typically fully deductible as operating expenses, simplifying accounting. With a business loan, you can deduct interest and depreciation, but the vehicle must be added to your balance sheet and depreciated over time. For ABs, leasing often improves liquidity and keeps financial ratios leaner. For enskild firma, the difference depends on how you report mixed personal/business use. Always check with your accountant.

Interest Rates and Costs

Interest rates for business car loans in Sweden vary depending on the lender, your credit profile, and whether the loan is secured by the vehicle. In general, rates range from 4% to 10% annually for secured car loans. Unsecured loans used for vehicle purchases tend to have higher rates — typically 7% to 15%, depending on the risk level.

Leasing agreements don’t have a traditional interest rate but include monthly fees that reflect the car’s depreciation, service costs, and financing. While the monthly amount may appear lower than loan repayments, the total cost over the term can be higher — especially if you don’t exercise the buyout option at the end.

Financing Type	Interest / Fee Range	Extra Costs	Notes
Secured business loan	4% – 10% annual interest	Setup fee, registration, insurance	Lower rate, but may require down payment
Unsecured business loan	7% – 15% annual interest	Higher setup fee, personal guarantee	Easier access, higher total cost
Financial leasing	Not interest-based (fixed fee)	Mileage limits, wear fees, end-of-term buyout	Predictable, tax-deductible monthly costs

What Affects Your Cost?

• Credit rating (business or personal)
• Business income and debt ratio
• Loan term and vehicle value
• Collateral or down payment
• Type of vehicle (new vs. used, car vs. van)

Always compare APR (årlig effektiv ränta) across offers, as it includes all fees. Ask whether early repayment is allowed, and check for hidden costs such as contract fees, service charges, or end-of-term conditions (especially in leasing).