Ninety percent motor vehicle leasing facility hits the road

Ninety percent motor vehicle leasing facility hits the road

Ninety percent motor vehicle leasing facility hits the road

Written by Staff Writer

29 Oct, 2015 | 12:51 pm

The Finance Ministry said that a 90 percent leasing facility for motor vehicles will come into effect from Thursday.

The Ministry issued a statement saying that the official notice will be sent out to the government and private financial institutions today.

From September 15, 2014, the 100% leasing facility was limited to 70% by the Central Bank of Sri Lanka.

However, considering the negative impact this might have on the market the Finance Minister stated that a 90% leasing facility will be given for motor vehicles.

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