Closed-End Financial Lease

Closed-end leases are always connected to sale as, according to the Act on VAT, the transaction is considered an asset sale from the lessor's perspective. Therefore, the lessee is entitled to reclaim VAT just as if they were purchasing the asset without leasing. The lessee acquires ownership at lease maturity after completing the instalment and other incurring debt payments.

The main advantages of our service

• The financial leasing structure is a secure option for our clients because it prevents other types of debt (e.g., tax debts, public debts, etc.) from being imposed on the asset or subject to foreclosure, as it is not their property but belongs to the financing leasing company.
• Businesses can present the asset on their balance sheets without a right of ownership.
• The investment can be financed through external sources.
• The revenue generated by the asset can cover lease payments.
• Under specific legal conditions, the lessee can claim depreciation and interest expenses for the leased asset.
• The leased asset is the primary collateral of the lease.

Characteristics of the financial engineering instrument

• It can be used for financing new and used assets as well.
• HUF and EUR financing, with fixed or variable interest rates for private persons, sole proprietors, and partnerships. However, private persons can only lease passenger cars, light commercial vehicles, and motorcycles. EUR financing is only attainable for businesses with verified EUR income.
• During the lease term, the lessor is the owner, and the lessee is the asset’s operator.
• After completing the instalment and other incurring debt payments, ownership is automatically transferred to the lessee.

Contact information

Central Euroleasing call centre:
+36 1 345 2424

In-person customer service:
1134 Budapest, Lőportár u. 24.