Operating lease with costs included

Advantages     

• Using the leased asset without any risk for the Lessee with respect to the residual value of the asset at the end of the contract;
• The monthly lease instalments are recognized as accounting expenditures of Lessee;
• The monthly instalments include services for ensuring the normal use of the vehicle throughout the duration of the contract, in accordance with client’s requirements and needs;
• Optimisation and safe planning of Lessee’s expenditures in the long term;
• Administration and management of the expenditures and services throughout the duration of the contract by the Lessor;
• Payment of the lease expenditures on a monthly basis.        

Service Packages

Basic Package – includes the following expenses and services:

• Registration of the leased asset;
• Annual motor vehicle tax;
• Roadside assistance service.

Premium Package - includes the following expenses and services:

• All services of the basic Package;
• Tyres purchasing, installation, removal and tyre hotel;
• Annual technical inspection;
• Annual vignette fee;
• Technical maintenance, in accordance with manufacturer’s prescriptions.

Exclusive package -  includes the following expenses and services:

• All services of the premium Package;
• Provision of a substitute car;
• Provision of the service „Fleet Management and Logistic Support“.

Conditions

• Lease financing type: operating lease with included expenses for using the leased asset;
• Lessees: legal entities and sole traders;
• Suitable for motor vehicles, means of transport and lifting equipment;
• Financing period: from 3 to 5 years;
• Financial guarantee: according to the specific approval for financing. (The financial guarantee is subject to refunding upon the expiration of the contractual period);
• Service packages: predefined or at client’s choice;
• Lease installments: annuity, including the service package, chosen by the Lessee;
• VAT is charged and is payable on the amount of the monthly lease instalments
• Currency of the monthly lease instalments: ЕUR;
• Lease installments currency – in EUR or BGN.

Necessary documents

• Lease financing application;
• Balance sheet, income statement and tax return of the Lessee for the past 2 years;
• Summary presentation of company’s business.
• 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-lesses.