1. Who can lease?
Only legal entities can perform financial leasing.

2. Who is the owner of the leased goods?
The owner of the leased goods is EFG Finansal Kiralama A.Ş. as the Lessor.

3. I have an investment incentive for the goods I intend to purchase. If I lease the goods, can I use the incentive?
Domestic or foreign goods covered by the government incentive can be purchased through financial leasing. If you intend to realize the incentive-granted investment through leasing of the investment equipment, first the incentive is transferred to the Lessor. To this end, for the part of the investment that will be financed through leasing, a new incentive certificate is issued to the name of EFG Leasing. So, the benefits of the incentive applicable to the leased goods, such as tax exemption, become usable by EFG Leasing. Such exemptions are reflected in the rents payable by the Lessee.

4. Can I account for the rents as expenditure?
By an amendment dated 1 July 2003 to the Financial Leasing Law No. 3326, the leasing rents can no longer be accounted for as expenditure. Pursuant to the newly introduced regulation, the rents paid are now invoiced as the principal, plus interest. On the invoice, the principal and the interest are indicated separately. The Lessee can account for the interest only as expenditure. The Lessee will recognize the value of the asset purchased through leasing on the asset side of the balance sheet and subject it to revaluation and depreciation. The title to the goods will remain on the Leasing Company.

5. Must the goods be insured at all times?
Pursuant to the Leasing Law, EFG Leasing is obliged to take out insurance for the goods it has purchased. Since this type of loan is solely represented by the leased goods, the Law gives importance to keeping the goods in good operating and usable condition throughout the term of the leasing contract. For this reason, insurance coverage for the leased goods throughout the contract term is mandatory by the Law.

6. How can I apply for leasing transaction?
You should simply fill in the Leasing Request Form and call the customer representative at EFG Leasing or at any branch office of Eurobank Tekfen.

7. When the ownership of the leased goods is transferred under the leasing contract?
The title to the leased goods is transferred to the lessee at the end of a period of 4 years in general. However, this period is 2 years for computers, printers, photocopy machines, cars leased by rent-a-car companies and companies whose business is marketing by company cars, trucks up to 7 tons, pickups, vans, and real properties. In addition, the period for aircraft and medical equipment leased from overseas companies and aircraft, cargo vessels, busses for international and intercity carriage of passengers, heavy duty and construction machines, trucks, film printing machines and medical equipment leased from local companies is 2 years.

8. How are the rent payments determined?
Rent payments are determined according to the price of the goods leased, the maturity, and the payment schedule you have requested.

9. What charges shall I pay on the leasing contract?
Expenses incurred for execution of the leasing contract, such as notary public fees and charges, customs duty for imported goods, and charges payable for purchase of the goods are charged to and paid by the Lessee.

10. While my leasing contract is active, can I add new items to the contract?
No. For every new item, you must execute a new leasing contract under a new leasing contract number.

11. Can I terminate the leasing contract at any time?
Unless you fulfill the terms and conditions of the contract and your obligations arising from it, the leasing contract can be terminated at any time.

12. What taxes, duties and charges are payable for the leasing?
The Financial Leasing Contract and the related guarantees received are exempted from all taxes, duties and charges.