When transferring property to a client, the leasing company must be confident in its ability to fulfill its obligations. This allows reducing risks for all parties to the transaction.
To obtain a lease, the buyer must meet the established requirements and, in addition, submit a set of documents characterizing his business reputation.
What a Lessor Needs to Know
It is especially important for the lessor to know:
whether the client is registered as a company or individual entrepreneur;
duration of business operation – usually chinese overseas america data package at least two years of experience is required;
financial stability;
credit history, which can be used to judge the client’s readiness to repay debts on time and in full;
Does the customer have any debts to employees, tax authorities, bailiffs, etc.
Assessing the client's financial stability allows us to find out whether he will be able to make payments. The leasing company studies the composition of his assets, their turnover in the reporting period, production efficiency indicators and income level.
Requirements for leasing participants
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In addition, the client is checked to ensure that he or she has sufficient funds to make the required advance payment (at least 20% of the value of the property being transferred).
It is unacceptable for the buyer to be in a difficult financial situation, to be threatened with bankruptcy, or to lack a license to carry out special activities.
Only an authorized organization can provide property on lease.
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How to choose a lessor
The following aspects influence the choice of a lessor:
Company rating. Sometimes rating agencies publish data on leasing companies. This includes ratings from the Expert RA agency. It is preferable to choose a company with a moderately high level of creditworthiness.
Participation in federal programs of preferential leasing. Only a verified lessor can receive a subsidy from the government.
Terms and volume of work. A company deserves the attention of clients if it has been doing business for a long time or is part of a banking holding. Contacting such companies provides a number of advantages. They are developing steadily, maintain transparent reporting, and also value their reputation and conduct only legal transactions.
What partners are the deals concluded with? The lessor can purchase property from organizations in different areas or focus on a small market. In the latter case, he has a better understanding of the specifics of a particular niche and is aware of the current situation, which means he can be relied upon when creating a payment schedule or selecting the necessary equipment.
Type of property and equipment. When looking for a leasing company, you should consider what kind of objects it provides. Some companies deal exclusively with transport, others with special equipment, and some with production equipment. Therefore, you need to make sure that the company's specialization meets your needs.