What's a financial lease?
The concept of financial leasing :
- Agreement between the rental company and the rental agent.
- A client (tenant) has access to the asset within a specified period of time.
- A client (tenant) shall have periodic pre-agreed instalments.
- The original is registered in the name of the company (the lessor) throughout the contract period.
Financial leasing parties:
- Leaser: Financial Leasing Company.
- Tenant: Client.
- Paid: Fixed asset in place of contract.
- Supplier: The person chosen by the lessee to purchase the wage.
- Contract term: The duration of the lessee ' s payment of premiums, first to last instalment.
- Contract term: The duration of the lessee ' s payment of premiums, first to last instalment.
- Expenses: expenses associated with the contract are included in the instalments.
Financial Leasing Act:
- The nature of the relationship between the parties to the financial lease contract is regulated by the Financial Leasing Act No. 45 of 2008.
- The rent remains the property of the lessor for the duration of the lease contract.
- If the lessee has benefits or exemptions from customs duties or sales tax, these benefits are paid to the lessor at the time of the establishment of the financial lease contract.
Benefits of financial leasing:
- Alternative financing tool, suitable for clients who do not want to use traditional financing methods.
- The possibility of funding up to 100%.
- Financing fixed assets.
- Reliance on the asset to be leased and the economic feasibility study as a basic security for financing.
- Encourage the continuous modernization of assets to keep pace with technological developments.
- The lease term is proportional to the useful life of the leased asset.
- Lease installments are proportional to the expected cash flows from the leased asset.
- Flexibility in installments commensurate with the nature of income and stability of return.
- The possibility of reducing the installment and reversing the difference with the end-of-term payment.
- There are no mortgage fees or any additional commissions.
- The possibility of financing operational expenses such as (licensing, registration, insurance, maintenance, and a replacement car) with the leasing installment, thus reducing the financial burden and effort on the customer (lessee) in following up and paying the expenses associated with the asset, such as maintenance and insurance expenses, etc., by adding them as a fixed amount to the leasing installment.
- There is no salary transfer.
- Tax advantages.
Beneficiaries of financial leasing:
- Individuals sector.
- Contracting sector.
- Transport sector.
- Education sector.
- Industry sector.
- Health and medical sector.
- Tourism sector.
- Telecommunications sector and other services.
Our services
Individuals sector:
- Real estate financing: residential apartments, offices, clinics, lands.
- Transportation financing: cars and buses.
- Financing medical equipment.
- Financing machinery and trucks.
Corporate sector:
- Real estate financing: residential projects, commercial complexes, lands.
- Transportation financing: cars and buses.
- Financing medical equipment.
- Financing machinery and trucks.
- Industrial machinery financing.