Leased vehicles or machines may have defects that are visible already at the commencement of their use (e.g. paint damage, damaged machine components). Defects may also become apparent during the use of a vehicle or machine. Who is liable for the detected defects and which of them may constitute grounds for the lessee to assert rights under the statutory warranty? Who should report the defect? And most importantly – who is liable for defects in the leased item: the lessor or the seller of the vehicle or machine?
read moreLeasing is a financial instrument that helps to make investments in new vehicles, machinery or equipment (e.g. office equipment) without the entrepreneur having to commit his or her own funds. However, unforeseen circumstances (such as financial problems, a change in needs or the closure of a business) may force the lessee to terminate the lease early. Is termination of the lease contract even possible? What consequences does it entail?
read moreIn the event of damage resulting from a motor vehicle collision for which the driver of another vehicle is at fault, the injured party may choose to seek compensation from the perpetrator’s insurance company under its compulsory third-party liability insurance, or to use its own CI insurance (if it has any). It should be borne in mind, however, that compensation from CI insurance is generally subject to different conditions than compensation from the accident-driver’s compulsory third-party liability insurance.
read moreWhat are the consequences if the lessor (leasing company) terminates the leasing contract before the contract expires due to the lessee’s late payment of monthly installments? What happens to the car – does it remain at the lessee’s disposal? How can I defend myself against termination of the contract? Is it possible to renew the leasing contract?
read moreCar rental companies have different profiles and different target customer groups (e.g., replacement car rental companies, long-term rental companies, premium car rental companies). In any case, the fundamental challenge for a newly established company is to acquire a fleet of rental vehicles. The simplest solution is to purchase vehicles, but this requires having sufficient capital or taking a loan. Therefore, a good solution is a lease agreement or a vehicle rental agreement – they allow the rental company to spread the cost of obtaining a car over time. But in each case, is the possibility of profitably providing customers with owned vehicles unlimited?
read moreNowadays we can observe a general interest of entrepreneurs in leasing as a form of financing investments – such as e.g. a car. What is leasing? How is it different from a lease? What is a financial leasing and what is an operating leasing?
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