Vehicle leasing
Leasing for cars, motorcycles and three-wheelers, with the vehicle itself as security.
Leasing versus a vehicle loan
Under a lease, the leasing company holds legal title while you pay monthly instalments, and ownership transfers at the end. Under a vehicle loan you own it from the start and pledge it as security.
What to check
- Down payment is typically 20–50% of vehicle value
- Terms usually run 1–7 years
- Vehicle age affects both the term available and the rate
- Comprehensive insurance is mandatory
- Check early-settlement charges
On rates: leasing rates vary widely by vehicle type, age and term.
Frequently asked questions
Do I need guarantors for a lease?
Most leasing companies ask for one or two. The vehicle itself is the primary security.
Can I lease a used vehicle?
Yes, though the vehicle's age limits the available term and may raise the rate.
Compare leasing and vehicle loan rates: BOC and NSB, with the Central Bank’s new loan-to-value limits.
If you fall behind on lease payments: the Finance Leasing Act explained.
Used by borrowers across Sri Lanka
Know the real cost before you borrow
APR, total repayable and the lender registration — all in one place.
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