K&H Car and Van Leasing
vehicle leasing with favourable terms and conditions
- no credit assessment or handling fee
- for both used and new devices
details
Would you like to purchase a new or used passanger car, small or heavy commercial vehicle?
K&H provides flexible leasing financing on favorable terms.
what are the advantages of leasing?
- lease financing is free of additional costs, i.e. there are no credit assessment and disbursement fees compared to a traditional bank loan
- fast, flexible service, simple contracting process, potentially in as little as 48 hours
- the asset is recorded in the company's books, so it is possible to book various costs
|
type of financing |
closed-end finance leasing |
|---|---|
|
term |
24–72 months |
|
currency |
HUF, EUR |
who might be interested?
- entities, companies
- local governments, foundations, government institutions, co-operatives
tailored to your needs
- our financial leasing products are available at K&H Bank branches
- we tailor our financing arrangements to your needs and circumstances
can I use the financing for an electric vehicle?
Eligible targets include electric cars and light commercial vehicles. You may also get your company's environmentally friendly electric car using K&H's green car financing offering a favourable fixed interest rate. Please visit our website for further details.
what is the exact application procedure
- Select the new or used car, commercial vehicle, machinery, equipment, etc. you wish to buy and request a quote from the dealer (or directly from the seller). Once you have received a quote from the dealer, contact your relationship manager or K&H Corporate Customer Service using one of the contact details below:
- From Hungary and abroad: +36 1 468 7777, +36 1 468 7755
- Please send any e-mails to: vallalatiugyfelszolgalat@kh.hu
- Your relationship manager will provide you with information on the documents related to the leasing scheme you have chosen, based on your financing requirement. Please submit your financing application using the documents provided.
- Our bank will assess the accepted application and, following a positive decision, we will conclude the lease contract.
- After signing the contract, K&H Bank will purchase the selected asset or equipment and lease it to your company.
Please contact your relationship manager for information on further conditions to the application and on the detailed application procedure.
what leasing scheme should I choose for car financing?
Closed-end and open-ended financial leases are the most popular types of financing for passenger cars and light commercial vehicles, and are compared in the table below.
|
|
closed-end financial leasing |
open-ended financial leasing |
|
purchase price |
the lessee capitalises and depreciates the full cost of the leased asset in its own books |
the net purchase price of the leased asset is capitalised and amortised by the lessee in its own books on the basis of the lessor's document of ownership transfer |
|
VAT on the purchase price |
the lessee pays the VAT on the total purchase price as part of the own funds; the VAT is refundable subject to the financing entity’s capitalisation invoice; VAT is not refundable on passenger cars (subject to the exceptions provided for in the VAT Act) |
the lessee pays and may reclaim the VAT on the net value of own funds as part of own funds, and the VAT on the monthly capital instalments paid during the tenor as part of the monthly lease payments |
|
depreciation |
can be booked |
|
|
initial instalment |
reduces the outstandig sum |
|
|
monthly lease payments |
principal repayment, |
principal repayment, |
|
ratio of principal within monthly lease payments |
reduces the outstanding sum, the lessee books it as a non-current liability in its accounts |
|
|
ratio of interest within monthly lease payments |
can be booked as costs |
|
|
VAT on monthly lease payments |
- |
can be booked |
|
acquiring ownership |
at the end of the tenor, the lessee automatically becomes the owner of the leased asset upon payment of the final lease payment |
at the end of the lease term, the lessee can decide whether to take ownership of the vehicle or allow a third party to do so by paying the residual value |
what is the value of own funds required to buy the equipment?
You can get the asset you wish to lease with as little as 10% in own funds, as long as the asset is new.
what kind of insurance policies are available?
Depending on the type of asset you wish to finance, you can choose from the following insurance policies:
Casco insurance
CASCO insurance is mandatory for leases of cars, light commercial vehicles and other motor vehicles till the end of the lease term
- For purchasing a car or a light commercial vehicle, you may also apply for a built-in CASCO policy. Casco insurance, provided by K&H Biztosító Zrt. and built-in into K&H lease financing provides insurance cover for your vehicle in the event of breakage, theft or damage to the vehicle, with the insurance premium included in the monthly lease payment. As the premium is fixed for the entire tenor of the insurance, there is no annual indexation of the premium under this scheme.
- If you do not wish to purchase a built-in insurance policy, you may take out stand-alone CASCO insurance with K&H Biztosító Zrt or another insurance company. For large commercial vehicles, only stand-alone CASCO insurance may be taken out. For more information about comprehensive CASCO insurance, please visit our website.
