FAQs – Page 2 – TECUMfinance

Q: What about the final instalment (residual value) and to whom will the product be offered at the end of the term?

A few weeks before the end of the contract, the customer receives a purchase offer from the partner bank. Once this amount has been paid, ownership of the equipment automatically transfers to the customer.

Q: Which is better: leasing or hire purchase?

The answer as to whether you should finance by hire purchase, or by leasing, depends upon your individual situation, e.g. tax situation. In general, there is no better or worse. Call us on +49 2154 9304960 and talk to our financing experts. We will be happy to explain the advantages and disadvantages of the different types of contract, and we'll work together to find the best solution for you – possibly with the help of your tax advisor.

Q: What documents does TECUMfinance need from me?

For acquisition values up to around € 15,000 we only need a few basic details to start the enquiry, e.g. the date your company was founded and your date of birth. For higher acquisition values, we usually ask for current figures, such as a current financial analysis or the last annual financial statements. We provide a suitable structure for all enquiries, in order to obtain approval quickly. We will also take you by the hand when it comes to credit reports and other information.