BT Leasing supports environmentally friendly solutions with financing for electric and hybrid cars

BT Leasing (BTL) launches Drive Green, a financing offer for new or used electric or hybrid cars for individuals.

Through reduced interest rates and fees until the end of the year, BTL aims to encourage the use of environmentally friendly, energy efficient cars through this campaign.   

Offer details:

• Fixed interest rate: 3.5%, in euro; zero monthly fee; 20 - 50% down payment;
• Maximum funding period: 5 years;
• The leasing fee is €150 + VAT and the logistics service fee is €190 + VAT;
• Includes a complete service package: insurance + registration;
• The total financial debts (loan instalments + leasing and insurance instalments) of an applicant must be a maximum of 20% of the total income established according to the ANAF tax form, i.e. a maximum of 25% if the income is in euro or indexed in euro;
• In the case of used cars, the age must not exceed 8 years at the end of the leasing period.

ExampleIf the value of the car is 29,750 euros (VAT included), the loan term is 5 years (60 equal instalments), the interest rate is fixed (3.5% per year), the down payment is 20% i.e. 5,950 euros (VAT included) and the residual value is 1%, a customer will have a monthly instalment of almost 430 euros (VAT included) and the APR is 4.23%. The total cost of the lease is 2.631,09 euro (VAT included) and the total amount of the lease contract to be paid is 32.381,09 euro (VAT included).

#ThinkGreen & BT Financial Group

With teams across the country, Banca Transilvania Financial Group is part of almost 180 communities. BT finances environmentally friendly projects both individually and in partnership with international institutions such as the EBRD, IFC and EEEF, and uses a standard environmental risk assessment model in all its credit analyses. For BT, #ThinkGreen means responsible use of natural resources, online banking solutions, support for business ideas, green loans and actions to improve the environment.