Leasing

Leasing

Leasing is a form of financing capital expenditure, where the leased asset is purchased by the leasing company (Millennium Leasing) and then given to the customer for use. In exchange for the possibility to use the asset the customer will make agreed monthly payments to the leasing company.

There are two types of leasing:

  • operational – the leased asset is kept in the books of the leasing company, which makes depreciation write-offs; the monthly lease payments are tax deductible for the customer, who also has the possibility to purchase the asset upon end of the leasing agreement;
  • financial – the leased asset is kept in the books of the customer, who makes depreciation write-offs. The financial part of the monthly leasing payments is tax deductible for the customer, while ownership of the asset gets transferred to the customer after the end of the leasing agreement.

Advantages of leasing

Advantages of leasing:

  • affects liquidity – monthly leasing payments can be flexibly adjusted,
  • significant tax advantages – monthly leasing payments and the downpayment are tax-deductible (operational leasing),
  • interest and fees are tax-deductible (financial leasing),
  • cost of acquiring capital is lower than if own funds are used,
  • financing VAT – you do not have to have cash; pay the tax together with monthly leasing payments (operational leasing),
  • a choice of fixed (the monthly payments remain the same during the whole validity of the agreement) or variable interest rate based on the WIBOR rate,
  • road tax is paid in instalments,
  • attractive insurance cover,
  • minimal formalities (we take care i.a. of vehicle registration and its insurance),
  • choice of the leasing periods,
  • amount of downpayment adjusted to your needs.

Leasing is the perfect solution for you if you have a manufacturing, trade or service business and want to finance fixed assets in your company. Millennium Leasing will finance the purchase i.a. of vehicles, machines and equipment, which you will use during a defined period. Leasing will facilitate access to new technologies and will allow the business to expand and output capacity to increase.

You can also get leasing of real estate and commercial space, thanks to which you will change rented space for own space, moreover your leasing payments will be similar to the rent you are now paying.

How to get

Online application

If you are interested in the offer

TeleMillennium

Call us

801 31 31 31
In our branches
Choose the nearest branch

Additional contact

Contact with Leasing Advisor

A Millennium Leasing Advisor will provide you with detailed information about the offer and required documents and will help with preparing the application.

Millennium Leasing call centre

801 68 11 88
Fill in the online application
And get the best offer for your needs.