Buses

BUS LEASING

2) lessee - a social-entrepreneurial corporation (hereinafter - SEC) under the local executive body and/or a carrier - a legal entity or individual entrepreneur operating in the field of organizing passenger transportation, who has entered into a financial leasing agreement with the Company for the purpose of purchasing domestically produced buses, for terms of financial leasing.
3) Seller - domestic manufacturers of eco-class buses in accordance with the technical regulations of vehicle manufacturers who have entered into an agreement on the industrial assembly of vehicles;
4) Operator - operator of extended obligations of manufacturers (importers), a legal entity determined by the Government of the Republic of Kazakhstan that organizes the collection, transportation, processing, neutralization, use and (or) disposal of waste generated after the loss of consumer properties of products (goods) for which ( which) are subject to extended obligations of manufacturers (importers) and its (their) packaging.
Conditions for providing long-term lease financing for a potential Lessee:
1) lease financing term – up to 7 years;
2) financing currency – tenge;
3) interest rate - 0.01% in a one-time payment for the entire leasing term, payable no later than 5 (five) working days from the date of transfer of the last leased asset;
4) initial payment (advance payment) for leasing – from 0% of the cost of the leased asset;
5) insurance of the leased asset under the comprehensive automobile insurance program except for liability, service and maintenance of the leased asset in accordance with the requirements of the Company - at the expense of the Lessee;
6) grace period for repayment of the principal debt - no more than 9 months from the date of conclusion of the financial leasing agreement;
7) frequency of payment of the principal debt - at least once every 3 (three) months;
The financing conditions cannot be used by carriers (including those carrying out joint activities with SEC) that operate in cities of republican significance and/or regional centers of the Republic of Kazakhstan, and in the absence of carriers’ applications approved by the Company for financing (including those carrying out joint activities with SPK) after one year from the date of their receipt from the Operator or the date of their return according to the revolving principle, the Company has the right to finance carriers (including those carrying out joint activities with SPK) carrying out transportation in regional centers of the Republic of Kazakhstan). When financing Lessees who are not SECs, the mandatory requirements of Industrial Development Fund JSC are the provision of a guarantee of full joint liability for this Lessee on the part of the SEC for the obligations of the Lessee and/or its financing within the framework of a public-private partnership, and/or the sufficiency of security for obligations of this Lessee in accordance with the internal regulations of Industrial Development Fund JSC.