Products & Services

Auto Leasing

 

Auto Leasing is described as a transaction whereby the customer (Lessee) gets to use a vehicle without the risk of ownership for a specific period in return for a fixed monthly rental over the specific period.

The owner (Lessor) will buy the asset of the lessee’s choice and will lease the asset to the lessee whilst taking care of the services & maintenances besides the yearly insurance and road tax.

The lease can be tailored to meet the requirement of the customers depending on their respective budgets and their choice of vehicles. More importantly, Auto Lease is an operating lease and is treated as an off balance sheet item as ownership always lie with the lessor.

Passenger Vehicles

  • Consist of Saloon vehicles, MPVs, SUVs, and 4WDs
  • Term period: 2-5 years
  • Tailor made schemes to suit your needs:
    • With or without replacement vehicles
    • With or without maintenance
    • Installation with additional accessories

Light Commercial Vehicle

  • 1 tonne – 5 tonnes
  • Term period: 2-7 years
  • Tailor made schemes to suit your needs:
    • With or without maintenance
    • Body types: Wooden body / Box body / Luton Body / Steel Cargo, etc.
    • Installation with additional accessories

Heavy Commercial Vehicle

  • 5 tonnes and above, Prime Movers, etc.
  • Term period: 3-7 years
  • Tailor made schemes to suit your needs:
    • With or without maintenance
    • Specialised body
    • Installation with additional accessories

Special Usage Vehicles

  • Ambulance / Fire Engine / Garbage truck / Concrete mixer truck, etc.
  • Term period: 3-7 years
  • Tailor made schemes to suit your needs:
    • With or without maintenance
    • Specialised body
    • Installation with additional accessories

My Car lease

  • For individual expatriates
  • For vehicle price of less than RM150,000
  • Term period: 2 – 5 years
  • Tailor made schemes to suit your needs:
    • With or without replacement vehicles

Advantage of Auto Leasing

Value-for-Money Plan

Monthly rental is inclusive of Insurance & Road Tax but can be tailored to be WITH or WITHOUT maintenance.

Off-balance Sheet Financing

Being an Off-balance sheet item, the leased vehicle/s will enhance the Lessee’s return on fixed assets employed.

Low Capital Outlay

A minimum of one month rental is all it takes for commencement of the lease.

Easy Budgeting

Lease rental is fixed throughout the lease term and can be structured to Lessee’s requirement to suit budget and cash flow.

No Residual Value Risk

Lessee does not have the option to purchase the vehicle which will be returned to the Lessor at the end of the lease term for disposal. The risk on residual value is undertaken by the Lessor.

No Risk of Inflation

Lease inclusive of maintenance charges shall remain the same throughout the period even in the event of any increases due to whatever reasons as Lessor will assume the risks and will absorb any increases.

Cost & Time-saving Management

Our trained staffs are equipped to attend or to assist in the event of any breakdown, rescue, services & maintenance as well as insurance claims when called upon or as per schedule. Replacement vehicle can be arranged with our related car rental concern at a special rate.

No Disposal Needed

Upon the expiry of the contract, Lessee is relieved from having to source for buyers.