Advantages
- Possibility for long-term planning and cost optimization through a fixed amount of the lease instalments throughout the contract;
- 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;
- Possibility for prompt replacement of the used leased asset at the end of the contract, for a brand-new leased asset, if a new contract is signed.
Conditions
- Lease financing type: operating lease excluding expenses for using the leased asset;
- Lessees: legal entities and sole traders;
- Assets to be financed: 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);
- Monthly lease installments: annuities, only including the right of use of the leased property;
- 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-lessees.
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