Leasing and Rental – frequently asked questions (FAQs)

Everything you need to know about leasing at GRENKE.

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Full amortisation means that all costs associated with the leasing asset (procurement, additional and financial costs) are fully amortised for the lessor by payment of the instalments by the lessee.

Every GRENKE leasing contract features an exchange option. This means that leasing assets can be replaced even during an ongoing contract. This keeps the lessee up to date with the latest technological developments at all times, with the leasing instalments continuing to be fixed provided that the contract value remains within a defined financial framework.

Basel II is the second instalment of the equity requirements for banks. The goal of Basel II is to act as a stabilising force on banking. Corporate loans are issued based on risk. This means that a company’s credit rating plays a key role in the issue of loans.

This is another reason that makes leasing more attractive to small and medium-sized enterprises as a form of financing. Leasing improves balance sheet ratios, which has a positive effect on a company’s rating.

IFRS 16 governs the accounting of leasing contracts for listed companies and companies that voluntarily prepare their accounts in accordance with IFRS. Each lessee is required to record the right to use the asset on its balance sheet, along with a leasing liability. The standard applies to any leasing contract with a net asset value of more than $5,000 and a basic lease term of more than twelve months. We recommend asking your tax consultant or auditor about this. The product-specific benefits of leasing will remain unaffected.


The quickest way to do this is via your partner portal. There, you can calculate leasing quotes and send requests online in just a few clicks. Click here to go straight to the partner portal. If you do not yet have login details, you can request them here or get the information directly from your local contact person.


The leasing forms are provided as PDF files. You will need Adobe Acrobat Reader to view this format. You can download this from Adobe’s website. This software is free to use.

GRENKE guarantees that your invoice will be paid within 24 hours, provided that we have all the necessary contract documents. For GRENKE’s retail partners, leasing is therefore a reliable transaction without any outstanding receivables. If your customers lease, they reinforce their own liquidity at the same time as a result.


At GRENKE, leasing and rental are available at net purchase prices of €500 and upwards. That means that you can finance even minor investments via GRENKE.

GRENKE operates independently of any manufacturer or bank. As a result, you are not tied to specific brands or manufacturers when choosing your assets. GRENKE focuses on financing assets from the fields of office communications and office equipment, medical equipment, security systems and machinery. More unusual assets can also be financed – the best way to approach these is to get in touch with us so that we can find a suitable solution.

You use a delivery confirmation to specify the day on which you received the asset. The agreed basic lease term does not begin until the first day of the calendar quarter following receipt, or the calendar month if you have agreed to monthly payments. Until then, you pay a utilisation fee of 1/30 of the agreed leasing/rental instalment per day.

To operate more efficiently and cost-effectively in this respect as well, GRENKE will collect the instalments due for your leasing/rental contract only four times per year (on 1 January, 1 April, 1 July and 1 October). In other words, the instalments are collected quarterly in advance.

We can of course arrange monthly collection upon request. However, this would not qualify for the saving of 1.5% factored into quarterly collection, which would mean that your instalments would increase by that amount in such a case.

Insurance is mandatory for all assets. If you do not have your own technical insurance, GRENKE will include your assets in an affordable master insurance policy. The fee for this insurance will be payable annually and will depend on the purchase price of the asset.


One special feature of leasing financing is that as the lessee, you do not ‘pay off’ the leasing asset but merely pay a fee to use it.


Leasing is essentially similar to rental. Take the example of a rented flat. When you rent a flat, paying the rent does not give you ownership of the flat; instead, you are simply paying to use it. Paying the rent will never make the flat your property. When the tenancy agreement for the flat ends, you have to move out and ‘return’ the flat. Leasing operates on a similar principle.


The obligation to return the leasing asset at the end of the contract is a requirement for a legally sound leasing contract according to which you can make your leasing instalments tax-deductible. Returning the leasing asset when the contract ends means that you can immediately upgrade to more up-to-date equipment.

With leasing contracts, the parties agree to full amortisation of the procurement costs, fees and interest. The leasing contract can be ended at any time by means of premature termination, at which point full amortisation needs to have been achieved.

FAQs/Customer/Master Lease Agreement

In total, acquisitions worth at least €25,000 should be planned for the next twelve months. This sounds like a lot, but the total is easy to reach, especially as current acquisitions or those that have already been made can be included in the calculation. This total investment volume determines the preferential terms of all individual contracts under the agreement, even when it’s just a small acquisition worth €500. That means that the framework pays off from the first acquisition – and not just financially. Processing the individual leasing contracts within the agreement is particularly simple and fast. Only one credit assessment is required, the contracts are simplified and you can grant people without power of attorney the authority to sign contracts.

No. GRENKE operates independently of any manufacturer. Customers have access to a wide variety of leasing options. These include office communications and office equipment, medical equipment and security systems, as well as machinery. In certain circumstances, more unusual assets can be leased by arrangement.

Not at all – apart from the preferential terms, of course. As the customer, you choose the basic lease term for each leasing asset individually.

There are various options depending on the selected contract type. For the most common full amortisation contracts, they are firstly, to return the devices and acquire new ones; secondly, to request a purchase offer for the leasing assets; and thirdly, to continue the lease. That means that the company has the flexibility to decide.

No. We do not charge a commitment fee. You pay only the leasing instalments for the assets requested in the individual contracts.

An entrepreneur is never safe from surprises. The financial crisis is a perfect example. So, if there are important reasons to postpone or even cancel planned investments, we will help the customer find a solution. Postponed investments, for example, can be processed with a follow-up Master Lease Agreement or by means of the existing one being extended. If the company has used less than 50% of the agreed volume, we will simply recost the signed individual contracts in line with the applicable list of terms.

The total leasing volume is available to the customer on the defined terms over a period of twelve months, irrespective of the calendar year. During this time, it can access the total leasing volume in any number of individual contracts, always at the time when it is optimal for the company to invest.

No. The leasing instalments remain fixed until the end of the individual contract in question. Retroactive amendments are not possible.