Installment Sales (Hire Purchases) are financial arrangements where TDBL purchases various items required and chosen by customers which are not covered by the financial leasing, and then to be sold to the customers in installment payments.
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Main principal of installment sale is that payment will be settled in equal amounts on monthly basis, however, through discussions with clients, payment is also possible to be matched clients’ cash-flow plan.
The main difference from financial leasing, ownership rights belong to the client and it is retained by TDBL. As a result, clients can record the asset as their fixed asset in their account and pay fixed asset tax. Until all the installments are fully paid, TDBL will hold the ownership title and this will be settled by fiduciary agreement and registered to the State Registration data base for the Movable Property.