The need for individuals to own their private vehicles is increasing continuously. Financial leasing is considered as one of the most appropriate sources of financing available for individuals to achieve this, since this method enjoys a high degree of flexibility when it comes to installments, and the lack of any additional guarantees.
Transport
The Specialized Leasing Company is a private shareholding company, founded by the Housing Bank for Trade and Finance in 2006, with a capital of 30 million Jordanian dinars, fully paid by the Bank.
Individuals Sector
Transport
( Cars & Buses )
Features
- Financing up to (100%) of the asset value.
- The asset itself is the primary guarantee for the financing.
- No salary transfers needed.
- Financing new and used cars.
- There are no mortgage or other expenses.
- The leased car may be replaced with another car during the period of the lease period, in accordance with special measures.
- It is also possible to finance licensing, full insurance and maintenance fees.(Reduce the financial burden and efforts required by the lessee to follow-up on paying expenses related to the asset, such as maintenance and insurance costs, and others, by adding them as a fixed amount to the lease installment).
- Competitive Leasing rate.
- High degree of flexibility when it comes to installments, whereby monthly installments may be reduced, with an extra amount added for settlement at the end of the contract period, should the lessee wish to do so.
- It is possible to use the variable installment method in a manner that is in line with the lessee’s income.
- High degree of flexibility and fast procedures.
*Terms & conditions apply.
Corporate Sector
Transport
( Cars and buses fleet )
Some companies use cars and buses to transport their employees, or to move their goods from one place to another. In some cases, companies may also offer cars as job benefits for some of their employees. Financial leasing allows these companies to obtain financing for vehicles through very easy procedures, and without having to offer any additional guarantees.
Features
- Financing up to (100%) of the asset cost.
- The asset itself is the primary guarantee for the financing.
- The company can be given the choice to purchase cars, or to return them to the lessor, thus reducing the risks of asset impairment.
- It is possible for the leasing company to achieve profits by taking advantage of the purchase option agreed upon with the company, and to then sell the car for a higher price.
- It is possible to arrange for lease installments that include financing full insurance and annual licensing fees, in addition to periodic maintenance costs, thus reducing the financial burdens and efforts made by companies to follow up on and pay for these expenses, whereby monthly installments are fixed at a certain amount throughout the entire period of the contract.
- Continuous upgrading of cars, and taking advantage of this in terms of marketing for the company and its workers.
- Financial lease contracts can be arranged in line with the useful lives of assets.
- The ability to offer the replacement car service and management of fleets services.
- Financial lease installments are in line with the expected cash flows to be generated from assets.
- Financing new and used cars and buses.
- High degree of flexibility and fast procedures.
*Terms & conditions apply.
So if you were waiting for the perfect time
to seize this opportunity, the time is now.
