The down payment has to be paid to an account of UniCredit Leasing AD by wire transfer and the advance payment made to the supplier cannot be recognized as such. In such cases there is an option for the supplier to reimburse the client with the advance payment and for the client to respectively effect the down payment to UniCredit Leasing or to deduct the payment by executing a three-party agreement, whereby the supplier will invoice the payment to UniCredit Leasing AD, and the leasing company - to the client respectively.
The lease is used for the acquisition of the required equipment, without affecting in any way any granted bank credit financing the working capital of the company.
UniCredit Leasing AD provides the possibility for repayment of the equipment before the expiry of the validity period of the lease agreement. For this purpose, the lessee has to notify UniCredit Leasing AD in writing. The lessee has to pay the full amount of the principal balance according to the repayment schedule together with a penalty for advance payment.
UniCredit Leasing provides the possibility for the entry of another lessee into the lease agreement. For this purpose the lessee should notify UniCredit Leasing AD in writing, after having settled all of its payables under the agreement.
The former lessee will remain in the agreement as a warrantor of the new one. No penalties will be payable by the former lessee. The new lessee will pay an administrative fee at the rate of 1% of the principal balance.
No, no additional security will be required, the down payment is a sufficient commitment by the lessee. Exceptions to this rule may be the cases, where a pledged asset is required for parts of production lines, owned by the lessee, which are technologically related to the leased equipment and supplement it in a manner, which may make possible an optional secondary marketing of the whole line only.
Your accountant will be the person who should know best. We are ready to offer a lease schedule, which will fit best the expenditure policy of your company.
The most common types of lease financing are the finance and operating leases. The finance lease is a form of financing where the client uses a particular fixed asset for compensation, and after the expiry of the lease agreement, the client may acquire the asset. The operating lease is a type of rental agreement under which the client uses the asset for the payment of a rent for a particular period and after its expiry, the asset is returned to the lessor.
Pursuant to the Bulgarian law the lease agreement is an agreement by virtue of which the lessor grants to the lessee the right of use of a particular asset for compensation for an agreed period. Agreements for leasing an asset, which include a clause entitling the lessee to acquire the ownership over the asset under particular terms and conditions (lease agreements with purchase) are also treated as lease agreements.
Lease is a contractual agreement under which one party, referred to as the lessor, owner of a particular asset, grants the right of use of this asset to a second party, referred to as the lessee for a particular period and under a particular repayment schedule. After the expiry of the validity period of the lease agreement, the lessee may become the owner of the leased asset.
The payment is made in equal monthly installments, including repayment of the principal and the monthly interest on the principal balance. By exception, in the cases of a seasonal business, the installments may be coordinated with the client’s cash flows.
The down payment is payable upon the conclusion of the lease agreement and functions as the lessee’s participation with own funds. It is a percent of the value of the leased asset. No interest is accrued on it and it is payable upon signing the lease agreement; its payment is a precondition for its coming into effect.
