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- What are conditions to be met in order to obtain the funding applied for with Tiriac Leasing as soon as possible?
- Presentation of a complete file, including all the documents required in view of settling the funding application
- The Confirmation of company details issued by the Trade Register does not indicate the registration of any documents or deeds related to any: bankruptcy, dissolution or winding up.
- Based on the calculation of certain financial indicators such as the current liquidity, degree of indebtedness, patrimonial solvability, interest coverage rate and commercial return rate, the company obtained a minimum of 3 points
- What are the main assessment criteria of a leasing application?
The assessment of a funding application is based on two criteria: financial and non-financial criteria. The main indicators considered are the following: the turnover, the degree of indebtedness, profitability, liquidity, to which the following will be added as main factors influencing the decision: the object of activity reported to the type of vehicle requested, the position on the market, the evolution of the applicant during the last years, the business plan etc.
- What are the conditions to be met in order for a newly established company to obtain funding?
The newly established companies are accepted for funding by Tiriac Leasing only in case of depositing certain guaranties. The guaranties accepted by Tiriac Leasing may be: performance bonds, promissory notes guaranteed by the bank, mortgage contracts or redeemed pledge contracts, the guaranty offered by a third party based on a guarantee contract. In case of guaranties offered by a third party, the guarantor shall also be subjected to an economic and financial analysis.
- What are the conditions to be met in order to assign a leasing contract?
The leasing contract may be assigned only based on the explicit agreement of the leasing company. The assignee has to submit for analysis the same set of documents which the assignor submitted when applying for the respective funding. If the assignee meets the evaluation criteria, the assignment will be accepted, after the payment of the analysis tax.
- Can the user give to a third party the right to use the goods representing the object of the leasing contract?
Like in the case of assignment, this is possible only based on the explicit agreement of the lessee. The user shall submit a written application to this purpose indicating the identification data of the third party to take over the use of the good. The lessor shall express its written agreement regarding this operation. The user shall remain liable for the fulfillment of all the obligations undertaken under the contract regarding the use and protection of the good, as well as for the payment of the leasing installments.
- What happens in case of complete damage or theft of the goods representing the object of the leasing contract?
The complete damage or the theft of the good are risk categories covered by insurance. In case any of these events occurs, after the performance of the lawful formalities regarding the finding of the event in case and after establishing the amount to be paid as damages, the following procedure shall be followed: a balance of expenses and revenues shall be drawn up, including all payments made based on the leasing contract (including any compensation granted by the insurance company) and all the expenses incurred on account of the good representing the object of the contract (expenses incurred with the customs formalities, vehicle registration etc). In case the revenues exceed the expenses, the resulting difference may be either used for the acquisition of a similar product based on a leasing contract or be made available to the user. In case the expenses exceed the revenues, the user shall have to pay the difference to the leasing company.
- Is it possible to end a leasing contract before its term?
The leasing contract may be ended before the expiration of the initially agreed term, but not earlier than 12 months from the date the leasing object was handed over to the user (according to the provisions of G.O. 51/1997, as republished in 2000, the minimum duration of a leasing contract is 12 months)
- Is it possible to pay several cumulated installments in advance?
The payment of a number of installments in advance can be made based on a written application drawn up by the user and indicating the number of rates to be paid in advance and the date when the payment is to be made. Based on this application, the lessor recalculates the interest, reduces the leasing period if case be (this period may not be less than 12 months) and issues an invoice for the payment of the indicated installments according to the new payment schedule, which represents an additional act to the leasing contract.
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Find out in just a few moments which is the monthly installment. The installment is calculated depending on the number of months and the earnest money that you deposit. |
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Find out what vehicle you can purchase, depending on the monthly installment that you deposit. |
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