DNB - Private - Products and services - Leasing - Car leasing - Types of leasing -

Car leasing

Types of leasing

In the case of operational lease, DNB shall buy the vehicle you want and give it to you for use for the period agreed upon. At the end of operational lease, you can return the vehicle to the seller of the property, buy it out with the residual value or extend the contract. In the case of operational lease, both the contract fee and the interest are exempt from VAT.

In the case of financial lease, the ownership of the vehicle shall be transferred from DNB to the user of the vehicle. At the end of the contract, DNB shall issue you with the necessary documents and you can register the vehicle in your own name at the Motor Vehicle Registration Centre. The monthly instalments of the financial lease with a residual value are smaller, however, the last instalment is bigger.

Financial lease with special tax conditions is intended for customers who want to buy with financing a used property from a private person or other party not liable to account for VAT, or property whereof the price does not include VAT in the special cases described in the legislation. VAT is not added to the property to be acquired by financial lease with special tax conditions. VAT is also not added to the fee of concluding the contract or to the interest. The leaseholder shall bear the costs related to the use, insurance and maintenance of the property.

In case of financial lease with special tax conditions with a residual value is the same as financial lease with a residual value, but the seller of the property is a private person or a party not liable to account for VAT and VAT shall not be added to the price of the property to be acquired.

Example:
You have found a suitable vehicle that costs EUR 12 782 and are thinking which rental form to use. In the case of a five-year leasing, the minimum interest rate shall be 4%. Your monthly payments and total expenses shall be the following according to different rental forms:

Financial leaseOperational leaseFinancial lease with special tax conditions
Down payment20% or EUR 2 55620% or EUR 2 55620% or EUR 2 556
Residual value0%20% or EUR 2 5560%
Monthly paymentEUR 188 per monthEUR 175 per monthEUR 188 per month
Final value0%20% or EUR 2 5560%
Total expensesEUR 13 858EUR 13 596EUR 13 858
The right of ownershipAfter the last lease payment the right of ownership shall be transferred to youIf you do not wish to buy out the vehicle, the right of ownership shall remain to DNB LiisingAfter the last lease payment, the right of ownership shall be transferred to you