Finance leasing is a service where Thiri Zawtika Co., Ltd. ("TZ") purchases assets selected by the customer from sales/dealer/distributing companies instead of the customer, and leases these assets to the customer. This service is designed for customers introducing office automation, machinery and equipment, automobiles etc. Customers will return the assets to TZ upon the maturity of the lease period or re-lease the assets for another year at their discretion.
Since a large amount of money is not needed when introducing lease assets and because lease payments are fixed during the usage period, this service allows for planned money management over the long term. In addition, borrowing facility from financial institutions is maintained since this provides the same effect of long term fixed financing
Equipment owned by your company can become obsolete or deteriorate due to long term ownership as the assets depreciate. However, leasing allows your company to adequately retain timing for equipment upgrades since the lease period can be made shorter than the depreciation period
TZ handles fixed asset tax return filing and payments, which are procedures associated with asset ownership, as well as various movable comprehensive insurance procedures.
Customers are responsible only for returning assets to the location specified by TZ. TZ handles disposal procedures according to the relevant regulations.
Customers can take advantage of various tax reductions and subsidy systems depending on the type of business, types of assets being leased, etc. TZ provides support for joint applications and other procedures according to program implementation requirements.
Ownership of the property belongs to TZ as Leasing Company.
Lease Contract Period is usually from 1 year to 5 years.
No early termination allowed.
At the time of lease up, the property shall be returned to TZ at the place designated by TZ or re-leased for another year.
Lease Agreement shall be executed (signed) by authorized person with company chop.
After the delivery, Lease Acceptance Certificate shall be executed (signed) by authorized person with company chop.
With this form of financing, TZ purchases machinery and equipment selected by the customer instead of the customer making the purchase. The customer pays TZ for the purchase in installments over a long period. While repayment is being made, TZ retains ownership of the purchased assets.
Since ownership is transferred to the customer when equipment/machinery has been paid in full, it is not necessary to return the asset(s), which is different from a lease. After ownership is transferred, the customer can relocate, remodel, improve, sublease the machinery/equipment or otherwise do as they choose with it.
Businesses have flexibility in financing since they are able to retain their borrowing facility from financial institutions since this form of leasing has the same effect as long term fixed financing.
TZ can flexibly arrange the repayment schedule in accordance with the customer's investment budget and investment periods.
TZ retains ownership during the installment contract period. Ownership is transferred to the customer after all payments have been made.
Contract Period is usually from 1 year to 5 years.
No early termination allowed.
Installment Contract shall be executed (signed) by authorized person with company chop.
After the delivery, Credit Acceptance Certificate shall be executed (signed) by authorized person with company chop.