We are certain that if we know the leasing process, or as it is more commonly known – the leasing workflow, if we know what to expect, who does what and when, what follows what, and roughly how long will the leasing process take, it will “hurt” less and the results can be really “beautiful”.
It is quite clear that the leasing workflow in various countries around the World differs substantially. True to the Mission of our site we will again focus on the leasing market in Bulgaria. The leasing process, even in our country is diverse and often differs from one lessorOne of the parties to the... More to the next. The local differences, however, are mainly due to the specific focus of each individual leasing companyA company whose main activity is... More, the type of leasing assetLease asset is the subject of... More or the volume of the leasing transaction. These differences are not substantial and will not hinder us on our way to generalize the steps of the leasing process.
It is quite possible that for some types of leasing, the steps or the terms of the individual steps from the leasing workflow will deviate, due to the specifics of the transaction. Generally, however, the leasing workflow in Bulgaria will follow the pattern described herewith:
- Choice of the leasing asset
- Leasing offers
- The decision for lease financing
- Choosing a lessor
- Credit rating analysis
- Insurance
- Closing the leasing deal and initial installments
- Purchase and delivery
- Servicing the leasing contract
- Leasing problems
- Termination of the leasing contract
- Common questions
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