SUZUKI MARINE FINANCE
Merkantil Bank is glad to announce a joint scheme created with Magyar Suzuki Corporation Ltd. for the financing of Suzuki outboard motors from January of 2018.
In this scheme we offer favourable financing to Suzuki Marine clients for Suzuki outboard motors with a power output exceeding 10 hp
The table below sets out the key parameters of the financing scheme:
| Eligible products | New SUZUKI outboard motors subject to registration (i.e. having a power output exceeding 7.5 kW/10 hp) |
| Eligible clients | Legal entities only |
| Down payment | Minimum 35 per cent |
| Financing currency | HUF |
| Amount financed | Maximum HUF 10,000,000 gross per product |
| Term | 12 - 60 months |
| Financing scheme | Closed-end financial lease |
| Casco insurance | Buyers must take out a comprehensive CASCO insurance and designate Merkantil Bank Ltd. as a co-insured party. The insurance deductible must not exceed 50 per cent of the down payment. |
| Documents needed to facilitate evaluation:* | 1. Dealer quotation signed by the Client 2. Dealer quotation indicating the specifications of the item to be financed 3. Extract from the Trade Register (certificate of incorporation) 4. Articles of Association 5. Specimen signature 6. Copy of identification documents of the person signing for and acting on behalf of the Client (personal ID, address card) 7. Tax statement issued by NAV, the Hungarian Tax Authority, provided that the Client is not listed in the “Positive Taxpayers’ Database”, i.e. a list of taxpayers without public dues 8. The previous year’s final financial report of the Client (balance sheet and profit and loss statement including all compulsory enclosures, auditor’s report and ledger statement) 9. Year-to-date ledger statement dated within the previous three months 10. If a hull is also involved, a copy of the ship’s Certificate of Registry (hajólevél) 11. If an existing hull is also involved, a value estimate 12. The “Merkantil Data Sheet” |
* Other optional documents may also be required for the purposes of the evaluation process.
Depending on the creditworthiness of the Client company, more than one financing contracts of maximum HUF 10 million gross each can be concluded with the same Client. For outboard motor financing contracts both the value of the propeller needed for the specific outboard motor and the installation kit can be included in the amount financed.
The above information is non-exhaustive. For further information and full details of the financing scheme please visit your Suzuki Marine dealer or make a calculation and apply for a quotation at www.merkantil.hu/hu/Suzuki_kalkulator