UniCredit Leasing enhances financing with its completely new FinAuto and FinMoto products
UniCredit Leasing has enriched its portfolio with the addition of a completely new financing products: FinAuto and FinMoto. This product, which became available on 10 December 2008, is an advantageous solution for everyone who has decided to finance an automobile or motorcycle quickly and under favourable conditions. The product was introduced in response to the situation that will arise when the amendment to the Act on VAT comes into effect on 1 January 2009.
Thanks to the use of a better form of assurance, the payment amount under these products are lower than with comparable forms of automobile and motorcycle financing. The length of the payment period is very variable, ranging from six months to six years. In addition, payments are not burdened by VAT on financial service, says Jaroslav Jaromsk, COO of UniCredit Leasing, adding: The client, entrepreneur, takes the automobile into his ownership, applies depreciation, and during purchase can immediately apply VAT from the financed item where the law allows. In the case of existing forms of financing in the form of financial leasing, this will not be possible from 1 January 2009.
UniCredit Leasing decided to innovate its product line also with respect to trends in the leasing market and the changing demand for financing products.
The new FinAuto and FinMoto products are available in the whole network of cooperating dealers or directly in UniCredit Leasings network of branches. From next year it will be possible to use these products for other moveable assets, such as machinery and transportation technology.
Additional information:
UniCredit Leasing CZ, a.s. is part of UniCredit Group, a leading European financial institution. In the Czech Republic, the company has in its portfolio more than 300,000 realised financing contracts in the total value of more than CZK 170 billion. Its universal financing offer includes leasing, credit and instalment sales, thus enabling financing of nearly all commodities motorcycles, personal and utility vehicles, delivery vehicles and other transportation technology, machinery and technology, and property. This offer of services is supplemented by the subsidiaries Renault Leasing, UniCredit Fleet Management (operative leasing) and UniCredit pojiovac maklsk
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