ComBank’s ‘Leasing Vaaré’ returns to offer special rates on vehicle leases

The Commercial Bank of Ceylon has announced the much- awaited return of its ‘ Leasing Vaaré’ promotion during which buyers of vehicles can enjoy lower interest rates and affordable lease rentals on new automobiles as well as on trade-ins.

Coupled with special offers of selected reputed vehicle dealers, Commercial Bank’s Leasing Vaaré will run until 30th June 2021. In addition to the reduced interest rates, customers can benefit from tailor- made leasing options to suit individual income patterns, including the Bank’s Super Leasing and Hybrid Leasing facilities during this three month promotion, the Bank said.

The Bank’s Super Leasing facility enables customers to purchase high-end vehicles at lower rentals, while offering easy repayment facilities and lower early settlement fees. The Hybrid Leasing facility also provides customers a means to purchase high- end vehicles at lower rentals, and does so by enabling the customer to pay half the standard rental during the first year, the standard rental for the rest of the lease period, and the balance amount as the last rental. This facility also offers an easy repayment scheme and enables customers to extend the lease tenure by an additional two years to repay the balance amount.

This is Commercial Bank’s fifth Leasing Vaaré promotion. The promotion has been conducted periodically to provide aspiring vehicle owners and those looking to upgrade their rides with affordable lease rentals complemented by lower interest rates, whilst enhancing the position of the Bank in the leasing market.