Customer relations and benefits of leasing with kompasbank

Here, you can learn more about several benefits you can access through the partnership between kompasbank and grenke.

How does commercial leasing work at kompasbank?

kompasbank offers business leasing solutions for companies in all industries through our collaboration with grenke. Through leasing, we improve your company's ability to acquire equipment or fixed assets that can support future growth - without tying up capital or impairing your company's liquidity.

Especially with a leasing framework agreement, you can achieve great flexibility in your company's finances, as such an agreement works almost like an overdraft.

In addition, we also offer sale and lease back solutions for assets you have already purchased, which can free up liquidity in your company for other purposes.

How does sale and lease back work?

With sale and lease back, you can free up capital by selling assets you have purchased in the last many years while retaining the right to use them through a lease agreement. In this way, you can get liquidity to support the growth of your business.

How does kompasbank leasing differ from other leasing companies?

A commercial leasing agreement via kompasbank gives you all the advantages you typically know from other leasing companies. Through our partnership with grenke, you get access to attractive and tailored leasing agreements for everything that is not a vehicle. In addition, we specialize in making attractive and tailored leasing agreements for everything that is not a vehicle. This means IT hardware, new machines, new tools, office furniture, fixtures, or POS solutions. It is an area often overlooked but can open up greater flexibility in your company's liquidity management.

In addition, we offer you the option of obtaining a leasing framework. A leasing framework allows you, as a business operator, to enter into an agreement to have the equipment leased for a total purchase price corresponding to the agreed framework. If the agreed framework is DKK 500,000, you can, therefore, acquire equipment for this amount.

How long is the term of a leasing agreement?

The term of a commercial leasing agreement typically lasts the entire asset life, but it can vary from agreement to agreement. The total costs of the leasing services include the equipment acquisition price and the total interest expenses during the leasing period.

The leasing agreement is irrevocable throughout the leasing period.

What kind of equipment can I lease?

You can lease precisely the equipment that your company needs*. Whether you need new IT hardware, machines, tools, office furniture, or POS solutions, you can access them through a leasing agreement.

*Vehicles with tax, such as company cars, cannot be leased, but it is possible to rent trailers, cranes, lifts, trailers, and other moving equipment.

Why don't you offer leasing for company cars, trucks, and vans?

Through our collaboration with grenke, we have specialized in creating attractive leasing solutions for equipment and other materials or inventory, which differs from what many typically find with leasing. Danish companies often overlook this area, while there are many options on the market when it comes to leasing company cars, lorries, vans, and other taxable vehicles.

What is the lowest amount you can lease for?

At kompasbank, we offer leasing frameworks from DKK 150,000 and up.

However, you can lease equipment for your company that is worth below DKK 150,000. A framework agreement can be used to purchase several different assets at different times, and you only pay leasing services on the amount you use of the total leasing framework.

Can I become the owner of the leased equipment?

Leasing is almost the same as renting. Think, for example, of an apartment you rent. When you rent an apartment, you do not become its owner; you pay to be allowed to live in it. The payment never makes you the owner of the apartment. You must move out and 'hand over' the apartment when the lease expires. Leasing works the same way. However, at the end of the leasing period, you will have the opportunity to request a purchase offer for the leased equipment if you wish to become its owner.

What happens when the agreement expires?

Depending on the type of agreement chosen, there are several options. For the most common leasing agreements, the options are as follows: First, the equipment can be returned, and new equipment can be acquired; second, a purchase offer for the leased equipment can be requested; and third, the leasing agreement can be extended. This gives you the flexibility to choose the solution that makes the most sense for you and your business.

Can I terminate the agreement early?

The agreement is irrevocable throughout the primary period. If it is not terminated with at least three months' notice before the end of the primary period, it is automatically extended by 12 months at a time. The contract must be terminated with at least three months' notice before expiry in each extension period.

Is it necessary to insure the equipment?

The equipment that you choose to lease must be insured. If you have not taken out your own technical insurance, you can take out insurance through the framework agreement. The fee for this insurance is paid annually and depends on the purchase price of the equipment.

What does a leasing framework agreement mean?

A leasing framework agreement means that you, as a business operator, can enter into an agreement on leasing equipment for a total purchase price that corresponds to the agreed framework. If the agreed framework is DKK 500,000, you can acquire equipment for this amount. The framework is valid for 12 months from signature, which assures you that you are pre-approved when choosing equipment. A framework agreement provides flexibility because it can be used to purchase several different assets at different times, and you only pay leasing services on the amount you use from the framework.

Does a leasing framework agreement oblige my company to lease specific equipment or to use selected dealers?

No, there is no dependence on specific manufacturers or suppliers, and as a customer, you get access to a wide selection of leasing options. This includes, among other things, machines, tools, office furniture, communication equipment for the office, security equipment, POS solutions, etc.

Is there a set-up fee associated with a framework agreement?

No, there is no set-up fee. You only pay for the leasing services for the desired equipment through individual agreements.

How long is a framework leasing agreement valid?

The agreed amount for the leasing framework is available under the stipulated conditions for 12 months, regardless of the calendar year. During this period, you can use the amount for any number of individual contracts.

When does my leasing contract start?

The contract period (primary period) begins on the first day of the following calendar quarter or the first day of the following month if monthly payment has been agreed upon after the delivery of the equipment has taken place (the start date).

When must the charges be paid?

The leasing charges are collected four times a year, quarterly (1 January, 1 April, 1 July, and 1 October). If the payment interval is changed from quarterly to monthly, the benefit will increase by 1.5%.