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Avis Car LeasingTake the AVIS LEASING Advantage
1. Allocate Capital for Core Business
2. Preserve Credit Lines 3. Enjoy Tax-Timing Benefits - Avoid incurring expensive mortgage registration costs - No other collateral needed 5. Outsource and Eliminate Admin Burden - Vehicle acquisition - LTO registration renewals and transfers - Insurance claims and covers - Fleet Operations and Dispatching - Vehicle tracking and management - Preventive maintenance and repairs
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Leasing is ideal for business organizations. Avis Leasing extend long term rental to corporations, partnerships or single proprietorships, and Small & Medium Enterprises (SME) which have track record of profitable operations for at least the last 3 years.
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2. How is car lease different from a car loan?
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When you are under a loan, you own the vehicle and encumber it in favor of the Bank or Financing Company. As a borrower, you need to pay Chattel Mortgage Fees and the Documentary Stamps on the Promissory Note.
Normally, the borrower is required to pay a higher down payment of 20% - 35% of the cost of the vehicle to be financed. While under lease agreement, Avis Leasing owns the vehicle. Hence, no Promissory Note and Chattel Mortgage Fees are required. Avis leasing will only require the lessee a lower amount as a deposit and advance payment. |
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3. How much will leasing cost me?
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Rates may vary depending on the duration of the lease and type of vehicle required. Avis Leasing can tailor-fit a lease agreement depending on your budget as well.
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4. What are the payment term available?
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The minimum lease term is 6 months while the maximum lease depends on the type, condition and economic life of the leased vehicle. Rental fees are normally paid monthly in advance and rates calculated based on the cost of the asset.
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5. What are the requirements before I receive the vehicle?
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You can avail of the lease as soon as the lease application has been approved and you have complied with our standard documentary requirements. The vehicle will be delivered to you upon issuance to us of the Purchase Order to lease and your payment of advance rental and deposit were received.
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6. Who maintains the vehicle during lease?
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Avis Leasing normally offers an Operating lease which includes repairs and maintenance up to an agreed value. Vehicle replacement, chauffeur and others service arrangement are also available to customize to your needs.
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7. What happens during vehicle breakdown?
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In the unlikely event of a breakdown, Avis Leasing should be notified for service or replacement.
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8. What about insurance?
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The leased vehicle is covered by a comprehensive motor insurance and may also be accompanied by Personal Accident insurance and Comprehensive General Liability depending on your budget and requirements
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9. Is it possible to end my term earlier?
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Yes, subject to pre-termination charges or stipulated loss value, the amount for which depends on when the lease is cancelled.
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10. What happens at the end of the lease?
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After the term, you may either extend the lease or return the vehicle. You may also negotiate to purchase the vehicle from Avis Leasing based on fair market value.
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You will receive a monthly billing statement via email or via regular mail. For your added convenience, you may pay your monthly rentals via our online payment facility at www.avis.com.ph
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You may directly call our Sales and Marketing Department at telephone numbers 531-5951 or 718- 4064 to 66 local 111 and talk to any of our Account Executives.
You will be required to submit the following minimum requirements: |
