At what point is the residual value of the asset at the end of the leasing contract determined?

When the leasing contract is signed.

What risks must assets be insured against?

Against theft, accident, third party criminal acts, natural disasters, fire, and water damage (the latter applies to equipment and real estate leasing).

Where to apply if the insured event occurs?

If the insured event occurs, immediately report it to relevant services (police, fire safety service, etc.) and the insurance company with which you have taken out insurance. If you have any questions or queries, please contact a partner of DnB NORD Lizingas, the insurance broker UADBB MAI Lietuva, at the phone number 2393 015.

Can I repay the amount of leasing and interest according to the linear method?

Yes, you can. You should discuss this option with your account manager when you discuss project financing.

What happens if the client runs into financial problems?

In case this happens, please contact your account manager with whom you can work out a mutually acceptable decision:

• postpone payments for an agreed period of time;
• reduce monthly payments by extending the term of the contract;
• secure a new purchaser of the asset or transfer the asset to a new lessee and, where possible, recover part of the amount paid;
• other options.

Why must the assets be insured for the benefit of the leasing company?

As long as the leasing contract is in force, the leasing company remains the owner of the assets. Asset insurance operates to cut down losses of the lessee and the leasing company if the insured event occurs.

Any questions? Use this query form to ask us a question. We will always be glad to answer any questions you may have.