Everything about car leasing
by Baber K. Khan - October 31, 2010 Leasing has now become a household name. From cell phones to airplanes everything is up for lease. But the SOPs for all are different. I am confining myself to vehicles’ leasing and shall be discussing various angles of the lease from customer’s point of view. In order to lease or finance a vehicle, there are certain parameters that one needs to fulfill before he/she can qualify for the product. However, some leasing companies and banks condone the major requirements and charge a higher mark up rate, as a quid pro quo arrangement. SBP and SECP act as regulatory authorities and relevant Prudential Regulations have to be complied with by the leasing institutions. Those who condone or violate the regulations can attract wrath from the regulatory bodies anytime. I am now reproducing major areas of concern that the lessee and bank look into before & after sanctioning/approving the deal. – You are between ...