by Leasing is a financing service that allows access to any vehicle and pay for it gradually, after making the first down payment. Thanks to this service, clients of leasing companies can use the car right after the contract is signed. The most common type of leasing in Ukraine is direct financial leasing. This means that after completing the contract and making the final payment, the client automatically becomes the owner of the vehicle. To get a car loan, you can go to a bank or a specialized non-bank organization that deals exclusively with cars. However, there are differences in the financing conditions of each side. In a bank, you need to meet all the standards and requirements. You must have a high credit rating and provide additional documents that the bank may request. Collateral may also be required in case the client fails to fulfill the contract. The age of the car, its category (passenger or commercial), and other characteristics may be strictly regulated when applying for a car loan at a bank. The interest rate may also depend on the credit score, which is another difference compared to leasing companies. Car leasing has fewer restrictions. For example, a client can get a passenger car, a commercial vehicle, or even agricultural machinery like a tractor. The age of the vehicle usually doesn’t play a key role. Money can be obtained for a car from a showroom or a used car. The interest rate is fixed for each client. Top-3 leasing companies: 1. Automoney – a popular Ukrainian company specializing in car leasing services. Consumers have access to leasing of commercial vehicles, any passenger cars, and agricultural machinery. The company has all the necessary documents to operate in Ukraine. You can get a leased car manufactured after 1999. You can also use a sale-and-leaseback service. Decision on financing is made within half an hour. The down payment required at contract signing is 30% of the total amount. All processes – from application submission to vehicle handover – take place within 24 hours. Customers are served throughout Ukraine. 2. A-finance – operating on the Ukrainian leasing market since 2019. The company offers clients leasing for both new and used passenger and commercial vehicles. Conveniently, if the client cannot pay the required amount or no longer wants to use the vehicle, the company will find a buyer to whom it will sell the car, and return part of the paid amount to the customer after deducting the commission. There are no restrictions on the year of car production. The contractual amount is not tied to the exchange rate and is calculated in hryvnias, so there are no fluctuating amounts. 3. Ulf – the company has been in the Ukrainian financial market for 12 years and provides financial, operational, sale-and-leaseback, and service leasing services. Clients can get almost any type of vehicle and use the 5-7-9 program. Just like in Automoney, feedback to the client is provided within half an hour. The contract is reviewed within 8 hours, and the complete process takes 4 days. The company has a presence in 18 cities, making it convenient as visits to the main office are not required.
