Specialises in operating lease schemes for vehicles ranging from saloon to light and heavy commercial vehicles.
Auto Leasing is described as a transaction whereby the customer (Lessee) gets to use a vehicle without the risk of ownership for a specific period in return for a fixed monthly rental over the specific period.
The owner (Lessor) will buy the asset of the lessee’s choice and will lease the asset to the lessee whilst taking care of the services & maintenances besides the yearly insurance and road tax.
The lease can be tailored to meet the requirement of the customers depending on their respective budgets and their choice of vehicles. More importantly, Auto Lease is an operating lease and is treated as an off balance sheet item as ownership always lie with the lessor.