Leasing with the Promise-to-Own (Financing Leasing):
“KFH” has developed this type of leasing program (Leasing with the promise-to-own) to meet the needs of clients willing to enjoy driving a new or used car for a protracted period of time with full Takaful insurance coverage and warranty up to five years. At the end of the lease term, the client shall have the freedom to choose whether to buy the car in full payment or monthly installment.
This type of contract is particularly convenient for clients unable to obtain Kuwaiti guarantor, as well as it is based on a monthly fee, far less than the value of the selling installment. This is because the beneficiary from this program will have to make a payment at the end of the lease term, turning it to a purchase contract. The amount paid is the same amount at which “KFH” promised to sell the car to the client.
Through “Leasing with the Promise-to-Own” contract, “KFH” provides their much valued clients with their favored car from a wide collection of vehicles that are carefully chosen either from the cars displayed in “KFH” showrooms, or when getting a quotation from one of the authorized car manufacturer dealers in Kuwait.
- Full Takaful insurance cover throughout the duration of the contract (25% client liability in case of anonymous accident).
- Authorized dealer’s warranty (For new cars only).
- Identify the car value upon expiry of contract. (It’s the promised selling amount)
- Possibility to repay the promised selling amount in cash or flexible repayments.
- Salary transfer is not required (Credit terms and conditions apply).
- A guarantor us not required (Credit terms and conditions apply).
- Fast processing and immediate approval of the transaction that fulfills the credit terms and conditions.
- Dedicated section for ladies
From “KFH” and non-“KFH” clients (And guarantor if needed)
- Original Civil ID
- Original Kuwaiti driving license
- Recent statement of account
- Recent salary certificate
- Recent & original salary certificate showing net salary and employment date
- Original and recent salary certificate from Work Force and Labor Restructuring program (For private sector employees).
- Military ID ( For military only)
- Al Rai showroom: Rai industrial area - Behind the Avenues and Next to trueValue.
Tel : 1803333
- “KFH" Shuwaikh Showroom: Commercial Shuwaikh– Jahra Street (Pepsi) - Facing the Arabian Auto Group (Ford Motors agent).
Tel : 1803333
Leasing to own