Leasing - General information
Piraeus Bank Leasing services allow businesses and professionals to stop renting and actually buy the fixed assets.
Lease term
- 3 - 7 years for moveable assets
- 10 - 15 years for real estate
Ownership
While the contract is still in effect, ownership is retained by Piraeus Leasing. After the contract expires, you can transfer ownership to yourself by paying the pre-determined purchase price.
Rent
Depending on the leasing category and the item being leased, the rent:
- floats every month, in line with Euribor 3M
- possibility of drawing up a repayment plan adapted to the cashflows of the business
Purchase
When the contract expires, the pre-determined purchase price is:
- €10 for moveable assets. This figure is purely symbolic.
- In case of real estate, either €10 or the value of the plot. The figure will be stated in the contract.
Insurance
While the contract is still in effect, the asset you are leasing needs to be insured. The beneficiary of that insurance is Piraeus Leasing.
Leasing solutions tailored to your needs
Piraeus Leasing offers an extensive range of leasing services and flexible leasing plans that can be tailored to suit your needs. These are aimed at:
- SMEs
- Freelance professionals
- Doctors and pharmacists
- Real estate companies
- Large corporations
- Municipalities and Local Authorities
Smooth transition from rental to ownership
Leasing arrangements are a contract between Piraeus Leasing and you, the lessee:
- When you sign the contract, the property, vehicle or equipment becomes available to you and you can start using it.
- While the contract is in effect, you pay monthly rentals to Piraeus Leasing.
- When the contract expires, if you pay the pre-determined purchase price, the asset you had been leasing becomes your property.
Premature Repurchase
You can end your contract with Piraeus Leasing at any time before its expiry date. Simply follow the procedure outlined in the contract.