0112 660 330
0112 660 331
0775 660 500
Islamic leasing facilities (Ijarah) are also available.
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Wanting to own a vehicle is an aspiration that many of us have today.
Before investing in a vehicle we tend to research on factors such as the brand of the car, the model, the quality of the engine, petrol consumption, safety features and many more.
However the real question that we need to ask ourselves is if we could afford to buy a vehicle without having to think twice about it.
Buying a vehicle in Sri Lanka can be quite expensive.
However, with the presence of many leasing companies in Sri Lanka, leasing a car with a down payment has now become a convenient option.
Before making a decision to lease a car for yourself it is important to understand what a lease is and how it works.
A lease involves two parties namely the lessor and lessee.
A lease is a contract where the lessor or the leasing company allows the lessee or tenant to use a particular asset for a certain period of time in return for a specified periodic rental or lease payment.
Once the leasing contract comes to an end the lessee has the options of buying the good value, returning the asset or extending the lease.
It is important for the lessee to make sure that the monthly payments are consistent according to the terms of the lease agreement. Failing to do so will result in paying, ‘delayed payment levy’ on the entire amount of the total rental payable.
It is also key to remember that although you have complete control of the vehicle, you should not transfer, sell or otherwise dispose the asset or shall not use the asset for any illegal, unauthorized or immoral purpose, where the lessee shall indemnify the lessor against such loss.
Although a lease is a convenient option to go to it is essential to pay attention to the terms of your lease in order to make the best of it. Therefore, it is wise to make use of services such as leasing advise before utilizing this option.