Top ten most frequent questions

COMPARASION TABLE FINANCE LEASE  LOAN NOTES (*)
FINANCE SUBJECT Asset (equipment, vehicles, production lines…) Money/ capital  
OWNERSHIP OF THE SUBJECT  Lessor  Customer (borrower)  
AMOUNT FINANCED  Can be up to 100% value of asset including its associated expenses (*) Basically 70-80% value of asset, excluding its associated expenses depending on the trustworthiness of the lessee
 COLLATERAL  Basically, unnecessary (*)  Basically, additional collateral is required depending on the trustworthiness of the lessee
 DEPRECIATION Can accelerate into the lease term (*)  By the duration of useful life regulated by law depending on the purchase option of the lessee
        

Through BSL, customer can lease asset procured/ made in Vietnam or directly imported from overseas, including:

  1. Construction machines
  2. Machine tools/ production lines
  3. Transportation means and equipment (passenger car, truck, etc.)
  4. OA office equipment
  5. Medical equipment
  6. Others (upon the requirement of customer and investigation of BSL, and not prohibited by the law)

Finance lease is the extension of medium- or long-term credit via asset leasing under a financial leasing contract between the lessor (the lease company) and the lessee. The lessor purchases asset required by lessee and holds the ownership over the leased asset during the lease term. The lessee uses the leased asset directly for business and/ or manufacture during the lease term, makes payment of lease rentals under the contract. 

Customer has freedom in choosing asset upon their needs. BSL will consult quality and supplier of such required asset in case customer need.

  1. Effective utilization of funds: Avoid the large amount of capital outflow in case of purchasing assets, effectively utilize cash, and secure borrowing limit from banks
  2. Flexible and variable lease term: Lease term is negotiable based on the lessee’s financial situation and technology obsolescence risk
  3. Depreciation and expenses control:
  • The expenses related to the leased asset may be leveled off during the lease term, therefore enabling the efficient control of working capital.
  • Depreciation can be accelerated within the lease term;
  • Quick adaptation to technology innovation: By setting shorter lease term, lessee is able to keep track of technological innovation, especially for high-tech machineries and IT equipment
  1. Reduction of troublesome asset administration work: asset purchasing (or even importing), regular maintenance of the asset. By outsourcing these jobs to leasing company, lessee can reduce the workload on them, and even the labor force
  2. Lease up to 100% of asset’s value and basically, collateral is unnecessary

Please contact our salesman or hotline mail/ telephone and related insurance company in case there arise accidents to the leased asset which needs the handling of insurance company.

Please prepare the below information for shorter and smoother handling:
1. Lease contract number
2. Name, type of leased asset having accident
3. Accident arising date/ time and place
4. Cause of accident/ expected loss/ damage to the leased asset

Customer can change the place to use the asset, however, it is necessary to inform us in advance by writing and get the written consent from our company.

In case there arise defects or troubles to the leased asset, please contact the supplier where the asset was purchase for repair. Should you do not know contact information of such supplier, please do not hesitate to contact our salesman or hotline mail/ telephone. In case the leased asset encounters troubles or defects which lead to the malfunction or irrepairability of the asset, besides the notification to the supplier, customer should inform BSL immediately. 

Please contact our salesman or hotline mail/ telephone and related insurance company in case there arise accidents to the leased asset which needs the handling of insurance company.

Please prepare the below information for shorter and smoother handling:
1. Lease contract number
2. Name, type of leased asset having accident
3. Accident arising date/ time and place
4. Cause of accident/ expected loss/ damage to the leased asset

Where you can find us

20th Floor, Vincom Tower A, 191 Ba Trieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi

Email:

Tel: (024) 3974 3838

Fax: (024) 3974 3939

5th Floor, 271Nguyen Van Linh, Vinh Trung Ward, Thanh Khe District, Da Nang City

Email:

Tel: (0236) 384 9759

Fax: (0236) 384 9749

472-472A-472C Nguyen Thi Minh Khai, Ward 02, District 3, Ho Chi Minh City

Email:

Tel: (028) 3835 6666

Fax: (028) 3835 0067

20th Floor, Vincom Tower A, 191 Ba Trieu Street, Le Dai Hanh Ward, Hai Ba Trung District, Ha Noi

Email:

Tel: (024) 3928 4666

Fax:

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