What documents are required for leasing for an individual: a complete list

Car leasing – is a financial service in which a leasing company provides a vehicle to an individual or legal entity for a certain period of time. In this, the customer has to make regular payments. At the end of the term, the car is either bought back or returned to the leasing company. In order for the application for this service to be approved, it is important to know what documents are required for leasing to an individual. We will deal with this issue later in the article. 

Documents for leasing: what package of papers is required 

Actually, long-term car rental is issued with the presence of certain papers. To get a vehicle for long-term use, you need to prepare the following documents for leasing:

1. Identity card. Usually, the leasing company asks for a passport, TIN and driver's license. 
2. Documents confirming income. A statement from a bank account, a certificate in form 3-PDFO for the last six months or a copy of an employment contract are suitable. A certificate of income will be required for the FOP.
3. Paper confirming the place of work. For employees, an employment contract or a copy of the employment book is suitable. If the FOP is opened, you will need a copy of the registration certificate. 
4. Additional documents. Sometimes the leasing company requires proof of residence. They also require recommendations from the bank where the client is served or other organizations. 

Remember that the list of documents for obtaining a lease may differ. It all depends on the leasing company. Therefore, each organization needs a different package of papers. 

Advantages of leasing a car

Leasing a car has several key advantages:

• Lower initial costs. Only a down payment is required, which is 10-30% of the cost. The remaining amount is divided into monthly payments. Sometimes leasing is done without a down payment. 
• Access to new models. Leasing allows you to regularly update your car, getting new cars without large investments.
• Fixed payments. Monthly payments are fixed for the entire term of use. This makes budget planning easier.
• Minimum risks. Insurance and car maintenance are included in the lease. 
• The possibility of redemption. After the end of the leasing period, the car can be purchased by paying a little extra.
• Taxes. Leasing payments can be included in the expense category. This is relevant for FOP and large companies. 
• Flexibility of conditions. You can choose the appropriate amount of payments and the lease term. 
• Updating the fleet. You can upgrade the car without heavy expenses. 

If you have any questions, please contact the managers of our company. They will advise and help decide on the tariff. Managers will also recommend a suitable car. We have cars running on gasoline or diesel fuel. You can also rent electric cars. This will ensure a more ecological movement.