OPERATIONAL CAR LEASE
Long term rent including acquiring a car.
Suppose that you are looking for a car but are afraid to take the risk of buying a 2nd hand one in Bulgaria. Although wise to be afraid, it doesn’t bring you a car.
What would be when you could have a car without this insecurity? Interested? Read on:
You take a car from Horizon and rent it for 2 or 3 years. After the chosen period the car will be yours.
How does it work?
We make you a quote for a car of your choice and for the period that you want it and the kilometers that you plan to drive. The quote is open, meaning that you can see the exact calculation that we have made and which amounts have been calculated for all the necessities, like: maintenance, insurance, technical checks, tax etc. The quote also says the price of the car and the company tax.
When you accept the quote then you get the
car for use but the car stays in the Horizon fleet.
We take care of all necessities.
What happens at the end of the rental
In the quote and monthly payment is a certain amount that we’ll put apart and which will be used for you to acquire the car at the end. This amount will also be clearly stated in the quote.
At the end of the rental period we go together to the notary to put the car in your name.
But there is more:
When the, in the quote calculated operational costs have been too high then 70% of the difference between the calculated and realized cost will be returned to the client.
Is really everything included?
Mind that the cost of fuel (Petrol/Diesel) and to put the car in your name (notary and KAT) at the end is not included in the monthly price which means that you have to pay for both. This is a standard procedure when buying a car.
What are my obligations?
You have to
- look after the car as if it is yours
- report any damage that occurred
- keep the car clean, both on the out- and inside.
- check the oil level and tyre pressure.
- Inform Horizon when you notice something irregular on the car.
- Take the car to Horizon when the car needs maintenance.
- come to the assigned company for the yearly technical check at a certain day/time.
When the maintenance will take more than half a day, we give you a replacement car. This can be a different car than the one from the contract.
Can I cancel the contract before the end?
Yes, when you take a (small) insurance for this occasion then you can cancel the contract when you have a valid reason. In that case we’ll even repay you a certain amount. This will clearly stated in the quote.
Valid reasons for you are:
- Leaving Bulgaria for > 1 year
- Long-term sickness
- Being (unwillingly) unemployed for more than 3 months
The option to make use of a valid reason by the client ends 6 months before end of the contract.
Can Horizon cancel the contract?
Valid reasons for Horizon are:
- Early writing off of the car
- After accident
- After technical breakdown
- Economical reasons
Can Horizon cancel the contract for
Yes, extra valid reasons for Horizon are:
- Bankruptcy of client
- After a certain arrear in payment by client
- Not looking after the car in a proper way by client
- Too many fines received in name of client
In these cases there will be no return of any payment.