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Leasing is a form of medium-term
financing used for both movable and immovable properties.
In a leasing transaction, goods specified by an investor
(lessee) are purchased from the seller by the leasing
company, which then rents them to the lessee for his use
in return for predetermined payments of rent.
Lessee
A person or organization that applies for lease financing
and whose application is accepted is known as the "lessee"
in a leasing transaction. Generally speaking anyone (individual
or organization) that can enter into a contractual relationship
can be a lessee however it is EFG Leasing's policy
to give importance and priority to potential lessees that
are engaged in business and for this reason the company
focuses on companies, individually owned businesses, and
self-employed professionals in the conduct of its leasing
business.
Seller
The individual or organization from which EFG Leasing purchases the goods after having entered into an agreement
with the lessee is known as the "seller". Sellers
may be based in Turkey or outside the country. They may
be the manufacturer of the goods or only the vendor.
Goods That May Be
Leased
Generally speaking, any movable or immovable property
may be the subject of a leasing agreement. There are exceptions
however. For example, patent rights, intellectual properties,
industrial rights, and non-material rights such as computer
software cannot be the subject of a leasing agreement.
In addition, leasable goods must also be "independent"
and "depreciable". This means that goods that are in the
nature of raw materials or intermediary goods and goods
that lose all their attributes when used cannot be the
subject of a leasing agreement either.
Leasing
Agreements
As a rule, leasing agreements must be entered into for
at least four years. An exception is made in the case
of goods whose economic life is less than four years from
the standpoint of technological considerations, economic
usefulness, or operational period. Examples are computers,
medical equipment, and vehicles that are to be rented
out by tourism and marketing companies. Leases for such
goods may be less than four years but not less than two.
The Advantages
of Leasing
%100 FINANCING..It is possible to finance an investment
project entirely through leasing. The leasing agreement
for capital goods can cover not just the cost of the goods
themselves but also any additional expenses such as shipping,
insurance, and even installation.
%100
FINANCING..
It is possible to finance an investment project
entirely through leasing. The leasing agreement for capital
goods can cover not just the cost of the goods themselves
but also any additional expenses such as shipping, insurance,
and even installation.
MEDIUM-TERM FINANCING..
Among an investor's credit options, leasing is attractive
because of the medium-term financing opportunities that
it offers.
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