Car leasing in Bulgaria for foreign citizens

            Car leasing in Bulgaria for foreign citizens can be quite a complicated process, however, if you know the basic rules and requirements, it can be successfully completed. In this article, we will consider what documents must be provided, what conditions the borrower must meet and what requirements are imposed on the car. 

              The first step in arranging a car leasing in Bulgaria for foreign citizens is choosing a financial institution that is ready to provide you with leasing financing. To do this, you need to contact several banks or leasing companies, compare their terms and choose the most suitable option. 

 

Next, you must provide the following documents:

• passport or other identity document;
• document confirming place of residence (for example, utility bill);
• document confirming income for the last 6 months;
• documents confirming ownership of real estate or other valuables.

 

In addition, the leasing company may require additional documents from the borrower, such as documents confirming driving experience or a work record.

It is important to note that the borrower must have a stable income and a good credit history. If the borrower does not have a credit history in Bulgaria, he can provide a certificate from his bank about the state of his credit history in his country.

It is also necessary to pay attention to the requirements for the car. In order to be purchased on lease, it must be registered in Bulgaria and have a motor third party liability insurance policy. In addition, the maximum leasing period for a car in Bulgaria for foreign citizens is usually 5 years.

In conclusion, leasing a car in Bulgaria for foreign citizens can be a complicated process, but if all the conditions are met, it can be an excellent option for those who want to buy a car in Bulgaria, but do not want to spend large amounts of money on its purchase.

 

However, before proceeding with the leasing, it is recommended to carefully study all the terms and requirements, as well as seek advice from specialists who can help with the selection of a leasing company and the preparation of all the necessary documents.

 

It is also worth considering that leasing companies usually charge some additional costs, such as the cost of insurance and commissions. Therefore, it is necessary to clarify all the terms and costs associated with leasing financing in advance.

Finally, it is important to remember that a car that is purchased on lease remains the property of the leasing company until the cost of the car is fully paid. Therefore, it is necessary to comply with all the terms of the leasing agreement and make all payments on time to avoid fines and problems with returning the car at the end of the leasing period.

 

In general, leasing a car in Bulgaria for foreign citizens is possible, but it requires some effort and careful preparation. However, if all the conditions are met, it can be a profitable and convenient option for purchasing a car in Bulgaria.