Down-payment
In leasing, the down-payment represents a certain percentage of the gross price of the leased object. The down-payment is invoiced to the lessee and collected by the lesser immediately before executing the leasing agreement. In financial leasing, the amount of down-payment is in direct proportion with the vehicle’s price.

Collateral
Usually, the leasing package does not involve mortgage or collateral. The leased object itself is owned by the lesser until the lessee makes final payment. The lack of mortgage upon real estate or mobile assets is a huge advantage to mortgage credits thus, making leasing a more efficient financing method.

Leasing procedure
The financing manner and procedure are internally established in every leasing company. Hypo Group - Alpe Adria is present in over 11 countries and according to the Group’s standards, each and every one of the branches executes the following procedure:

1. Client individually chooses leasing object;
2. After gathering the necessary application documentation, the client submits a request to Hypo Alpe - Adria Leasing Ltd Skopje (or to the seller of vehicle/ equipment );
3. Request is granted;
4. Down-payment is made;
5. Financial leasing agreement and physical damage insurance on the leased object are signed;
6. Client accepts the leased object and registers it.