Thinking of buying a car?
Special Independence Offer
Get the car of your dreams at an interest rate starting as from 5% p.a (APR 5.12%) and benefit up to 15% discount on our car insurance. Offer valid up to 30 June 2022.
Ecolease - Special offer for Hybrid & Electric Cars
Choose our EcoLease, at an interest rate starting as from 4.95% p.a for Hybrid & Electric Cars and opt for safer and simpler car insurance with SICOM. Offer subject to conditions.
The Leasing covers the cost of the assets and financing costs, i.e. repayments split into capital and interest.
Finance Leases are exclusive of VAT; VAT is payable up-front upon acquisition of your asset, that is at the inception of your lease agreement.
1. Special Independence offer - Interest Rate as from 5% p.a and benefit up to 15% discount on our car insurance.
1. Interest rate as from 4.95% p.a for Hybrid & Electric Cars.
3. Up to 100 % financing (ex VAT).
4. Up to 7 years repayment for new vehicles and 5 years for reconditioned vehicles.
5. The vehicle itself is the collateral, no additional guarantee required.
6. Fast and reliable service.
Acquiring the lease asset
You have the option to acquire the leased asset at maturity, upon payment of the residual value (normally equivalent to 1% of the value of the contract)
(Terms and conditions apply)
This product is offered by
SICOM Financial Services Ltd
FSC License No.: LC06000053
Individuals & Corporate
What is a Lease?
A lease is a legal contract between the owner (Lessor), and the lessee (Customer) allowing the lessee to use a specific asset in consideration of rental payments over a pre-determined period of time while the lessor retains legal ownership of the asset.
Type of Lease
Finance Lease - A Finance Lease is an agreement stipulating that the lessee has to pay regular instalments to the less or over a pre-determined time period. It allows the lessee to make full use of the asset and disclose the assets in its books. The lessee has the option to acquire the vehicle at the end of the lease period by paying the residual value.
How to apply for a Lease?
Applications can be made by printing the attached documents relevant to you (i.e individual or corporate). Once you have completed the application form, it must be duly signed and returned with all the relevant documents.
Please ensure that you have submitted all the relevant documents to enable us to proceed rapidly with your application.
Do I need a security?
The leased asset is our 'security'.
What is the maximum amount I can get?
We can finance up to 100% of the Ex-VAT cost of the asset depending on your repayment capacity and the risk related to the asset financed.
What are your interest rates?
The interest rate is determined by the asset financed, risk related to the asset, your credit history, stability and ability to service the loan. Once you have submitted your application, we can assess it and provide you before you are committed to proceeding with the loan.
Can I settle the loan early?
Yes. You can repay your loan early.
If you want to settle your loan, you must repay the whole amount due. You must contact us to calculate the exact amount due as you pay interest up to the day you settle your account. There are other charges involved if you wish an early settlement. Consult your lease agreement for further details.