Azerbaijan, Baku, 3 March / Trend corr A. Badalova/ Unileasing introduced the new terms for its 'Leasing Cars to Individuals' (Auto Leasing) project which was passed in January 2007, the company reported on 3 March.
From 1 March, each Azerbaijani citizen will be able to lease any car, with a deposit of 10% of the cost, with a payment period over 60 months, and insurance tariff of 2.5%.
By the terms of the project, the leasing applies to new cars which were manufactured in 2007 and the cost of which is not lower than AZN 11,000.
Auto Leasing is a prospective direction for development of the company. Active introduction of special proposals, attractive leasing terms and close cooperation with Azerbaijan-based official distributors of leading automobile manufacturers enabled Unileasing to become one of the leaders in this field. By the end of 2007, the amount of the company's investments within the framework of Auto Leasing constituted AZN 1.5mln. In 2008, the sum is expected to double.