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Thread: leasing a commercial vehicle (hiace van)

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    Default leasing a commercial vehicle (hiace van)

    salam to everyone

    nowadays my cuzin wants to starts a business of transport so he wants to lease 2013 hiace van and for this purpose he likes the JSBL BANK AUTO LEASE

    now my question is can he lease the vehicle or not as some freinds said to him that it can not be leased since it is an commercial vehicle and for the leasing of commercial vehicle u need to have a history of relation with the kind of business(transport) but he is new to this busines ...... so is there any flexibility regardig this thing if he has no relation with such business
    so that can he lease it or not

    guys plz answer

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    cmon guys still
    no reply

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    sorry..aint sure about leasing
    btw if you are leasing...do you plan on driving your self (i mean your couzin ofcourse) or will you run it with driver ...its a difficult thing running hiace and earning from it...this is one place where you need serious economy of scale in mind ...my experience
    drug-s3x-money .....be careful: this is the kind of obsession that can render you utterly useless

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    i'd say ask your cousin to go through the rental car business chemistry across your city. check how much he can adhere to & comply with the norms of such business. Autoleasing of trucks vans etc for commercial purposes is different compared to personal car leasing. stay away from JS bank., every quarter they PUSH-IN some xtra service charge which is based upon fine print contract you sign in excitement without reading.

    ORIX is The BEST in leasing business professionals with right professional approach to lease or not to lease after 3rd interview with the customer with reasons shared for ' why not approved for leasing '
    - www.crackwheels.com - A skilled Dictator is much more beneficial to Country......than a Democracy of Ignorant people

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    Quote Originally Posted by doubletrouble View Post
    sorry..aint sure about leasing
    btw if you are leasing...do you plan on driving your self (i mean your couzin ofcourse) or will you run it with driver ...its a difficult thing running hiace and earning from it...this is one place where you need serious economy of scale in mind ...my experience
    well bro my cuzin is going to run it with driver and i dont think it is that much difficult to earn with hiace

    and bro do share ur experience as well...

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    Quote Originally Posted by capsat View Post
    i'd say ask your cousin to go through the rental car business chemistry across your city. check how much he can adhere to & comply with the norms of such business. Autoleasing of trucks vans etc for commercial purposes is different compared to personal car leasing. stay away from JS bank., every quarter they PUSH-IN some xtra service charge which is based upon fine print contract you sign in excitement without reading.

    ORIX is The BEST in leasing business professionals with right professional approach to lease or not to lease after 3rd interview with the customer with reasons shared for ' why not approved for leasing '
    bro he has done a reasearch regarding this business
    now i know that it is different the leasing of commercial vehicle as compared to private leasing but bro can he lease it or not

    and bro u said that orix is best but bro when he visited orix website . there it was written that for the leasing of commercial vehicle u need to have a history of relation with this business as he has no history so is there any flexibility regading this term of orix bank
    and bro i couldnt understand ur last sentence

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    common guys 77 views and still only 2 replys

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    Quote Originally Posted by mohsinp View Post
    common guys 77 views and still only 2 replys
    Bro i don`t think any bank would lease hiace for commercial use because you need to have a firm name and NTN registration of your firm and also firm's account history(statement) in order to apply for the commercial lease ....

    anyways still you can try ....

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    anyone tell approximate mark up

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    if orix will not offer lease, no bank will lease. in our country thing works very 'awkward' way. May be he can apply for business loan from Punjab Govt scheme & do the capital investment in one VAN develop business credibility and apply for leasing later. There are agents offering Punjab Govt. loans at certain %age of sharing with very less paper work. ( means muk-muka, loo aur bhag jao agar hai tou wapas dayna warna koi nahi pakray ga )
    - www.crackwheels.com - A skilled Dictator is much more beneficial to Country......than a Democracy of Ignorant people

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    Quote Originally Posted by capsat View Post
    if orix will not offer lease, no bank will lease. in our country thing works very 'awkward' way. May be he can apply for business loan from Punjab Govt scheme & do the capital investment in one VAN develop business credibility and apply for leasing later. There are agents offering Punjab Govt. loans at certain %age of sharing with very less paper work. ( means muk-muka, loo aur bhag jao agar hai tou wapas dayna warna koi nahi pakray ga )
    bhai bhagjao mtlb kya yaar haram thori karna hay .....
    faisla soch samajh kr lena @mohsinp bhai....

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    this is happening across Pakistan kisis bhi govt sai ka paisa LOO aur Bhag Jaoo . Remember yellow cab scheme, in recent past black cab scheme CM punjab. According to govt documentation & lease papers from respective banks such cabs cannot cross the provincial limits.

    Trucks buses with route permits have different category & different slab of repayments.

    - I referred to loo bhag jaoo in that context of schemes announced during tenures of SHAREEFs. The benefactors are from their stronghold, 47000 Yellow cabs missing in punjab, 28000 in sindh, 16000 in NWFP & 3200 in balochistan - banks have to write-off. These statistics are on state bank website for defaults & write-off loans by the ruling regimes.

    again CM punjab have announced loans on easy-repayment schedule. That is what agents are roaming around all over
    - www.crackwheels.com - A skilled Dictator is much more beneficial to Country......than a Democracy of Ignorant people

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    suzuki ravi is gud just kidding
    CoMmiNg SoOoOoOoOoOoOoOoOn

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    first of all leasing a vehicle from a bank requires the vehicle to be brand new and that is you will purchase it from Toyota Indus. None of the local cars are used in this business , i am talking about hiaces. I know a friend who has 16 plying around but he always say we buy on cash and only buy japanese cars. Local dont last enough to even release the lease. I suggest you go to some Islamic finance instead and get certain amount financed.

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