Finance lease of vehicles and equipment

Advantages

• Quick and easy application procedure;
• Attractive conditions in terms of annual interest rate, deposit and lease period;
• Flexible and custom-made solutions;
• Possible incorporation of payable VAT into the monthly lease instalments, depending on the lease contract type;
• Preferential conditions offered by our partners – asset providers and insurance companies;
• Digital signing of lease contracts using the mobile app Evrotrust or Qualified electronic signature (QES);
• You can benefit from the many years of experience, excellent expertise and professionalism of the company with history spanning 25 years back, part of the largest bank and insurance group in Bulgaria;

Conditions

• Lease financing type: open-end or closed-end financial lease;
• Lessees: Farmers, sole traders and legal entities;
• Assets to be financed: new and used vehicles, construction machinery, industrial or office equipment;
• Lease price: minimum EUR 15,000;
• Minimum initial installment: for new vehicles: 15% of the lease price, payable when signing the lease contract;
• Minimum initial installment for new equipment: 20% of the lease price, payable when signing the lease contract;
• Financing period from 1 up to 5 years;
• Possible extension of the maximum repayment period 10 years in the case of a guarantee under the COSME programme);
• Currency of the financing - EUR;
• Lease installments currency – in EUR or BGN;
• Additional collateral: usually not required.

Necessary documents

• Lease financing application;
• Balance sheet, income statement, report on the average number of employees and tax return of the Lessee for the past 2 years;
• Balance sheet, income statement, report on the average number of employees of the related persons, according to the SME Act in the previous year (in the case of a guarantee under the COSME);
• Copies of licenses and permits, issued to the company with respect to the performance of international road transport (in case of financing of motor vehicles);
• A copy of the quote by the supplier of the leased asset, subject matter of the lease transaction;
• Copies of the ID cards of the authorized representatives of the Lessee company and the co-lessees.