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Auto leasing with residual value
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On Page: Leasing Products Auto leasing with residual value
Auto leasing with residual value
 

GLC gives an opportunity to the client through flexible payment schedule to renew the leasing and replace old car with a new one.
At the end of leasing term (minimum 2 or maximum 5 years) GLC establishes residual value of the automobile thus letting the client to redeem or renew leasing asset, otherwise leasing asset stays in the property of GLC. Auto leasing with residual value is a chance for a client to reduce monthly lease payments.

  • Leasing Amount – Minimum USD 10,000;
  • Cofinancing – Minimum 20%;
  • Leasing Term – Maximum 5 years;
  • Implicit Rate – 6%-11%; (if buying from partner Auto Houses implicit rate will be 0%-6%);
  • Insurance;
  • Operating Period of Company – Profitable business at least 6 months;
  • Required Documents – Financial Statements of the client and other related documents;
 
The Residual Value of an asset is calculated in a following way:
Residual Value = Leasing amount x coefficient of Residual Value.
The Residual Value is defined according to the leasing period.
 

Leasing Period

Residual Value

2 years

50%

3 years

25%

4 years

15%

5 years

10%

 
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