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Who can lease? |
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In leasing, generally, all kinds of people and entities who are authorized to carry out legal transactions can be lessees. According to this, all kinds of personal companies, all kinds of partnerships, entrepreneurs can be lessees. |
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What are the Leasing procedures that the companies must follow? |
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The companies who wants to make leasing, can take leasing proposal according to their investment amount. If they accepted the proposal they must fill the application form and must supply all the financial and the legal documents and proforma invoice.
Documents are evaluated. If the customer aggreed with the terms, leasing contract will be prepared. After the customer signed the contract , papers will be approved by the notery. Purchasing process starts after the receiving of the first payment.After the goods been bought, exact payment plan sets and sent to customer.
If the goods are imported from overseas, exact payment plans prepared after the goods been imported by leasing company.
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How does the payment sets? |
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Investor can determine the payment terms according to their cash flow and fisibility. It can be agreed for the pay back terms after the customer needs evaluated and which sector is the investment in. |
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Can contract periods be diffrent from the delivery of possession? |
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Goods for which the lease period is two years:
- Cars leased by tourism agencies, marketing companies and driving instruction companies.
- Cars leased by cargo companies and companies with separate distribution and marketing departments.
- Motorcycles leased by companies, which rent to foreign and domestic tourists.
- Air transportation vehicles, cargo ships, buses suitable for international and intercity transportation, construction machinery, film development and printing machines, medical appliances, computers, printers, photocopy machines and agriculture machinery
- Trucks and pickups with a minimum carrying capacity of 3.500 Kg.
Goods for which the lease period is four years:
- All machinery and equipment eligible for financial leasing but which are not included in the types of goods listed above.
The transfer preiod of the goods and equipment which has been specified in the regulation for Financial Leasing is 4 years. If it is less then 4 years investers must wait for the financial leasing period to end.
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What are the other costs for the leasing contract? |
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Costs are as fallows; Notery Cost, Operational cost and the insurance premium.
Notery Cost is 500.USD per contract.
Operational cost is 1.000 USD for transactions up to 30.000.USD
800. USD for transactions between 30.000.USD and 100.000.USD
500.USD for transaction more then 100.000.USD.
Insurance premium can be paid with the first four payment of the year which can be changed according to the type of the good.
If the goods are imported from overseas some other costs may appear such as import tax, bank cost,registration cost and licence costs(if needed). These costs may be paid by cash or may involve the payment.
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What is the minimum limit for leasing transactions? |
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Our minimum transaction size is typically 15.000 USD or greater. |
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What is the procedure for the insurance of goods which has been leased? |
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According to the Financial Leasing Law, goods purchased by leasing companies have to be insured against all risks. In leasing period, it is important that the goods create economic value and be used throughout the contract period.
Leasing companies insure the leased goods. According to the Financial Leasing Law, the lessee pays the insurance premiums to the leasing company on time according to a specific schedule.
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What type of guarantees will Yapı Kredi Leasing ask from us? |
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- Individual or company guarantee
- Promissory note
- Assignment of receivables
- Mortgage (exempt from title-deed fees)
- Lien on property
- Buy Back
However, it can be wanted bloked deposit or bank letter of guarantee depends on the project.
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Can projects, which have been granted an Investment Incentive Certificate, be the subject of a leasing transaction? Are there any advantages? |
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Projects, which have been granted an Investment Incentive Certificate, can be the subject of a financial leasing transaction. Yapı Kredi Leasing can lease those goods that are deemed eligible for leasing transactions in the global list in the appendix attached to the Investment Incentive Certificate. Advantages accruing from the Investment Incentive Certificate, such as exemptions from VAT, Resource Utilization Support Fund contributions. |
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What is the VAT percentage for Leasing Operations? |
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| INVESTMENT GOODS |
Present Premium VAT
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Leasing VAT |
| Machinery equipment |
18% |
1% * |
| Commercial Cars |
18% |
8% * |
| Automobiles |
18% |
18% |
| Electrical and Optical Appliances |
18% |
18% |
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Is there any risk for interest and exchange rates in Leasing Operations? |
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There are no interest and exchange rates risks in leasing transactions. In case the Vendor payments and lease payment plans are in different currencies the exchange rate valid on the date of the vendor payment is considered and payment plans are fixed. Customers should demand variable interest rates depending on the project and the terms. In this case variable interest rates will be revised according to positive or negative changes on Libor and Eurobor |
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Can leasing company make down payment to the vendors? |
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Yes, it can be paid down payment to vendor if a confirmation can take from the customer. |
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Are there any flexible payment options for making leasing operations? |
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There's considerable flexibility in payments arrangements payment schedules can be organised according to your company’s cash flow, sector field and fisibilty of the investment. |
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What goods can be leased? |
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You're able to lease all the investment goods and the machines which are subject to amortization.
- Machinery equipment
- Real estate
- Land transport vehicles
- Sea transport vehicles
- Air transport vehicles
- Construction machinery
- Medical appliances
- Textile machinery
- Tourism equipment
- Electronical and optical equipment
- Publishing equipment
- Office equipment
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When does the payment starts? |
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Payment starts considering to payments of the goods transffer date, which has been agreed on the contract. Payment schedule is structured according to cash flow of the Lessee. Rentals can be monthly, quarterly, step- up or down. |
