Financial Conditions

Find out more about car loans, leasing conditions and insurance for business.

Car Loans

GM GROUP cooperates with the leading banks in Ukraine. This enables us to offer you the best lending conditions. In our dealerships you can pay for your new car in installments. Our managers and consultants will assist you with preparing all the necessary documents and provide necessary guidance while purchasing a car. With them you will choose optimal payment terms to suit your needs.




Documents for submitting a Loan Request to the bank

Individual Entrepreneurs (or Sole Proprietors)

1. Borrower's Application for a loan.2. Borrower's passport and the passport of the Borrower's spouse (if married).3. Document that certifies taxpayer's registration number of the Borrower and his/her spouse.4. Marriage certificate (or divorce certificate if available).5. Certificate from the Employer (main and part-time) indicating the position, accrued and disposable income of the Borrower within the previous six months of work. The Certificate must be certified by the company's seal and signed by the Head/Director of the company and Chief Accountant.6. It is also recommended to prepare documents which confirm Borrower's other sources of income (if there are any besides the main place of work).7. An invoice from a car dealership.8. Other documents at the request of a banking institution (including documents that confirm Borrower's financial and asset-related obligations, if any (loan agreement/pledge agreement and a bank certificate on the amount of outstanding debt as of the date of consideration)).9. Tax declaration of a sole proprietor under the simplified tax system for the relevant reporting periods, stamped by the State Tax Inspection.10. Bank statement of the sole proprietor's account for the previous 12 months.* Please note: the presence of the Spouse when signing the loan agreement in the bank is mandatory.

For Legal Entities

1. Loan application in the form established by the Bank.2. Borrower's consent to the collection and processing of personal data, his/her guarantees and obligations which are subject to personal data processing regulations (in the form established by a bank).3. Consent of the MSME Client to disclose banking secrecy (in the form established by a bank).4. Official financial statements of the Client (Borrower):
- For an individual entrepreneur: a tax declaration of a single tax payer or a Property and Income Tax Declaration (if the individual entrepreneur uses general taxation system) for the previous reporting period.
- For a legal entity – Form No. 1 (Balance Sheet) and Form No. 2 (Income Statement) of the annual financial statements for the last two years, as well as the quarterly financial statement for the previous reporting period of the current year and the corresponding period of the previous year (in case of submitting quarterly reports).
5. For a legal entity – a detailed transcript of the following financial documents: accounts receivable, accounts payable, as well as the following line items of Form No. 2 'Income Statement': 2000, 2010, 2120, 2250, 2515, or transcript of line items 2000, 2050, 2120, 2240, 2180, 2270 for Form (2-m) 'Income Statement' (as of the last reporting date and the previous reporting year).6. If the Borrower belongs to a group of related counterparties/a group under common control (hereinafter – GCC), they have to provide a consolidated financial statements of the GCC, adjusted for revenue, cost of goods sold, accounts receivable, accounts payable, other current accounts receivable, and other current liabilities for intra-group settlements and debts.7. Transcript of the loan portfolio of the Borrower as of the date of submitting the loan request to the bank (including information on the quality of servicing loan obligations).8. Borrower's transcript of financial flows on their accounts over the previous six months (for Clients whose main activity is in agriculture - the same transcript for the period of twelve months).9. Borrower's statement, which contains the following information: the condition of the Borrower's fixed assets (absence/presence of damage due to hostilities, adequacy of available fixed assets for conducting business activities), active agreements on the provision of repayable financial assistance to the Client and their outstanding debt, including its repayment terms.10. For Borrowers who operate in agricultural sphere it is necessary to provide a statement, which includes information on the amount of cultivated land in Borrower's ownership or rent, the terms of land's lease, yield indicators for the previous two full years (crops specified), the condition of crops (land area, crop type, current and planned expenses), stock volumes of finished products, and reserves of the Client.

Leasing

Financial and operational leasing of passenger and commercial vehicles.

Financial Leasing

Financial leasing is one of the methods of acquiring a new vehicle. WIthin framework of this approach all procedures are handled by the leasing company i.e.: registration of a new vehicle, paying insurance fees, settlement of insurance claims, and vehicle maintenance. Instead of several contracts when purchasing on credit (bank servicing, loan agreement, insurance, service maintenance, collateral, etc.), only one contract is signed with the leasing company, which takes on all responsibilities for your vehicle. After the final leasing payment is made, the Client becomes the legal owner of the vehicle.

Operational Leasing

Operational leasing differs from regular car rental by the lease term. In other words, the Buyer receives the vehicle for long-term rental, which results in a significantly lower price compared to short-term rental.

Advantages of Leasing

- Financial security, as the leased asset cannot be subject to encumbrances.- Obtaining a VAT tax credit for the full cost of a vehicle.- All ownership costs are distributed and clearly fixed for several years ahead.- You save time and resources when purchasing, registering and accounting.- No need to suspend or freeze working capital.- Leasing payments are accounted for as incurred costs.

Insurance

Your benefits with CASCO (Comprehensive Car Insurance) from GM GROUP

Your vehicle will be repaired by an authorized dealer with authentic spare parts. GM GROUP acts as the guarantor of the fulfillment of all obligations to Clients of partner Insurance Companies. Thus, our Clients stay assured that their vehicle will be properly repaired or serviced in case of insurance claims throughout the term of CASCO agreement. You are entitled to an unlimited number of claims for insurance incidents during the whole term of the CASCO agreement. ‘Single Window’ Principle will bring you additional benefits. As you sign a CASCO insurance agreement, settlement of all insurance claims as well as vehicle repairs take place at our dealership centers. Possibility to submit an insurance claim remotely enables car owners to report a damage without visiting the Insurance Company's Office. 24/7 information support and consultancy; an emergency commissioner will be dispatched to the scene of the insurance event if necessary.