City Leasing concentrate on the financing of electric, hybrid and small size urban cars after repositioning in addition to financing leasing activity as its main business activity. As an outcome, after repositioning share of the electric, hybrid and small size urban cars in the portfolio increased to 15% from 3 % as per Q3 2024 figures.
Resolution No. 411 of the Cabinet of Ministers of the Republic of Azerbaijan, approved by Resolution No. 500 of the Cabinet of Ministers of the Republic of Azerbaijan dated November 17, 2017, "On amending the goods nomenclature of the foreign economic activity of the Republic of Azerbaijan, rates of import customs duties and rates of export customs duties" mainly electric passenger cars up to 3 years from the factory release date, as well as electric motor vehicles...
Leasing is a form of financial lease, and the car is purchased by the leasing company and given to the lessee for use (rent) for an agreed period. After the end of the contract, the car becomes the property of the lessee. Leasing, which includes bank credit, rent, and investment elements, has 3 main participants - the lessee, the lessor, and the seller. As for the difference between leasing and credit, the advantages that distinguish leasing from credit...
