Operating lease with high first payment

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 the Lessee;
• Flexibility with respect to the amount of the monthly lease instalments, according to client’s individual requirements.

Conditions

• Lease financing type: operating lease excluding expenses with a higher initial and equal subsequent lease instalments;
• Lessees: legal entities and sole traders;
• Assets to be financed: available new passenger cars from the official representations of the respective brand;
• Lease period from 2 to 5 years;
• Amount of the first lase installment: from 15% of the value of the leased property, including VAT;
• Subsequent lease installments: annuity, only including the right of use of the leased property;
• VAT is charged and is payable on the amount of all 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-lessees.