For manufacturers and dealers in every industry, competition is fierce. Strategic choices about how to keep stock moving, improve cash flow and purchasing power, and offer customers greater flexibility can make a huge difference to the bottom line and give businesses significant competitive advantage.
Leasing is a crucial part of the equation, with a range of solutions available to fund equipment as it moves down the supply chain from manufacturers to dealers to end users. But with so many options on the market, how do you find a trusted equipment finance partner that’s right for your business?
Global outlook, local knowledge
Today, borders are dissolving as businesses expand their enterprises internationally, trading in a global economy with complex supply chains, and comply with regulations across multiple jurisdictions.
Navigating this environment demands trusted partners with a global outlook, who can support businesses to be flexible and resilient in the face of economic challenges, and adaptable to take advantage of the world of opportunities at their fingertips.
But local knowledge is just as important. Finding a global asset finance partner with local teams on the ground that can offer tailored wholesale and retail asset finance solutions for each market and understand the day-to-day realities of doing business is crucial to success.
Unrivalled industry knowledge
Equipment manufacturers and dealers know their industries inside out and a good asset finance partner must too. One equipment finance solution does not fit all, and each industry requires tailored options and support.
In the construction industry, for example, local authorities and the private sector are busy building cities fit for the future. But fluctuating payment schedules, rising material costs, and supply chain challenges means being able to plan investments is crucial. Asset finance can help, but only if businesses partner with a provider that has top sector experts on the team that can tailor bespoke working capital and financing solutions to meet client needs.
With a finger on the pulse, the right asset finance partner will have specialist knowledge of your operating environment, industry trends, challenges, and opportunities, as well as the individual needs of your business.
A one-stop-shop
Leading manufacturers and dealerships are streamlining operations and simplifying supply chains. Rather than dealing with multiple suppliers, complex invoicing and extra administrative burden, many are seeking a one stop shop for equipment finance, with tailor-made asset finance solutions for both clients and distribution networks, and options for every stage of the asset lifecycle, from commercial agreements to private label agreements, strategic alliances, and Joint Ventures.
Finding the right working capital and financing solutions can drive sales growth and promote long-term customer retention, through point-of-sale financing options, ranging from simple white-label programmes to fully integrated in-house financing operations. With the right partner, the result is seamless customer experiences, improved operational efficiency, and better financial control.
Why BNP Paribas Leasing Solutions?
- Global outlook, local knowledge: BNP Paribas Leasing Solutions operates directly in 17 countries, supporting partners with a local presence, and those operating multi-market, international businesses. We ensure our partners benefit from a global outlook, executed locally.
- Unrivalled industry knowledge: With over 70 years’ experience, we are proud of the depth of our industry expertise. Today, we have more than over 50 international partnerships across Europe, supported by a team of experts in construction, agriculture, green tech, healthcare, IT, transport and materials handling, and more.
- A one-stop-shop: We have tailor-made solutions for manufacturers and their distribution networks across every stage of the equipment lifecycle. We’ve streamlined our vendor finance offer so our partners can streamline and grow their businesses too.
- Strong financial stability: BNP Paribas Leasing Solutions is a subsidiary of BNP Paribas, which was recognised by Euromoney as the ‘World’s Best Bank for Sustainable Finance‘ in 2023. With our strong financial record and diversity of expertise across the bank, our partners can be confident we will help navigate the business challenges that arise, no matter how complex.
BNP Paribas Leasing joined forces with the European Bank for Reconstruction and Development (EBRD) to support renewable energy investments. With the EUR 25 million financing provided within the scope of Turkey Green Economy Financing Program II (GEFF II) launched by the EBRD, it is aimed to accelerate the transition to a green economy by supporting renewable energy, energy efficiency and low-carbon technology investments of SMEs.
BNP Paribas Finansal Kiralama facilitates SMEs’ access to energy efficient technologies and renewable energy systems with a EUR 25 million financing provided by the EBRD. This agreement, which aims to support Turkey’s efforts to reach its net zero carbon emission target by 2053, also takes into account the sensitivity of companies using loans to implement renewable energy investments to gender equality activities.
BNP Paribas Finansal Kiralama, which offers leasing solutions in the financing of equipment for professional use, and ABB, a global technology company, cooperated for the financing of charging equipment for electric vehicles.
BNP Paribas Leasing announced an agreement with energy company ABB for the financing of charging equipment for electric vehicles. With the financing program developed specifically for ABB electric charging stations, BNP Paribas Leasing offers 1% VAT advantage with maturity options suitable for the needs of customers.
Sibel Alyar, Country Manager of BNP Paribas Leasing Solutions Turkiye, shared her expectations that the share of electric vehicle sales in the total market in Turkey has reached 3% and that this rate will increase exponentially: “The increasing demand for electric vehicles necessitates the rapid expansion of charging stations. We think that many corporate companies in our country will prefer environmentally friendly electric vehicles for a sustainable future. We plan to play an active role in financing electric vehicle charging stations with the ‘sustainability approach in our financial solutions’, which is at the center of our BNP Paribas Group objectives. We are pleased to sign a cooperation agreement with ABB, a leading company in this field.”
Support for investments in green energy and sustainability will continue
Stating that as a part of BNP Paribas Leasing Solutions, the European leader in equipment financing, supporting investments in green energy and sustainability is among the main focuses of the company in the group strategies, Alyar said that they offer financing solutions in a wide range of sectors from agriculture, construction and textile to information technology, health and solar energy sectors.
On 19.04.2022, with the regulation published in the Official Gazette and entered into force, it has become obligatory to make payments in Turkish Lira even if the sale of movable property contracts are issued in foreign currency.
Within the scope of this regulation, although the transfer fee for the transfer of ownership of the leased equipment at the end of the term, which is included in the payment schedule of the financial leasing agreement to be made in foreign currency with BNP Paribas Finansal Kiralama A.Ş., is stated in foreign currency, it has become obligatory to make this payment in Turkish Lira as of 19.04.2022.
In order for the transfer of ownership and payment transactions to be carried out in accordance with the legislation and without any problems, information should be obtained by calling our Call Centre before the payment is made at the transfer stage and the transfer fee payment should be made in Turkish Lira accordingly. Otherwise, the payment to be made in foreign currency will be returned and payment in Turkish Lira will be requested
Due to the change in Value Added Tax rates, all invoices issued as of 10.07.2023 are based on the new rates of 10% and 20%, regardless of the contract date. There will be no change in the transactions made at the 1% rate and invoices will continue to be issued at this rate. Respectfully announced. For more information, please call our call center at 0216 645 96 96 or send an e-mail to Leasing-Hizmet@tr.bnpparibas.com.