Articles of Incorporation

It is the contract signed between the lessor and the leasing company and includes the scope of the related service and the general provisions of the leasing.

Uncontested Traffic Collision Report

It is the form to specify how the accident has happened and that that the parties fill in mutual agreement in the event of traffic accidents with material damage. Click for detailed information.

Breakdown Repair

It is the situation of sudden stop or loss of functions of the mechanical or electrical parts of the cars.

Assistance

It is the whole of assistance services that can be utilized in case of accident or malfunction, towing, rescue, accommodation, keep going on the road and so on. Garanti BBVA Fleet customers can benefit from the assistance services by calling the 7/24 Emergency Hotline at 444 1 GFY (439).

Equipment

It is a set composed of a traffic kit, first aid kit, fire extinguisher and snow chains. This equipment is obligatory to make available in the vehicles according to the 10th article of the Regulation published in the Official Gazette dated 26 September 2006 and numbered 26301 by the Ministry of Interior.

Maintenance

These are technical checks that must be carried out periodically in order to protect vehicle safety. Vehicle manufacturers determine the maintenance periods themselves, depending on the mileage and time. Garanti BBVA Fleet, fully implements the standards determined by the vehicle brands, performs the periodic maintenance at authorized services of all the vehicles it leases.

Declaration

It is the written repair request text prepared for the repair of damaged vehicles within the scope of COMPREHENSIVE CAR INSURANCE.

Towing Service

It is the service of being drawn of the vehicle off the road and carrying it to the service in cases where the vehicle is stranded due to accident or malfunction.

CO2 Emission (Exhaust Emission)

It is the rate used to indicate the amount of air pollution of exhaust gases resulting from fuel consumption of motor vehicles.

Permanent Residence

It is the residence address specified in the Insurance policy.

Stamp Duty

It is the tax to be paid over the specified amount at the signed contracts, commitments, assignments, surety, assurance and pledge certificates and contracts indicating the amount.

Additional Contract

It is an integral part of the main contract with respect to the Leasing. One each additional contract is issued for each vehicle leased under the main contract. Each additional contract includes information on the leased vehicle, its term, mileage to be used, the scope of service and the monthly leasing fee.

Personal Accident Insurance

It is the insurance provided to cover the risks of death, permanent disability and treatment of the driver or passengers of a vehicle as a result of accidents that they may encounter during the journey.

Fleet Management

It is the execution of all operational works of the motor vehicles that are being currently used by a company, institution or organization, from purchasing, maintenance and repair, insurance, tire replacement to damage management by a firm specialized in its field.

Financial Leasing

It is an alternative purchasing and financing method. The vehicles that belong to the Financial Leasing Company during the lease contract are transferred to the lessor at the end of the lease period in return for a symbolic cost.

Financing

It is the amount of cash or credit required to purchase a particular good, equipment or service. Fleet leasing is a financing alternative that provides great convenience compared to purchasing a vehicle, as it does not require cash outflow and does not affect credit limits.

Daily Renting

It is a renting service applied to meet the short-term passenger car needs and where the pricing is made on a daily basis.

Damage

These are the damages happened as a result of traffic accidents or driver errors and causing the vehicle to remain still.

Facultative Financial Liability Insurance

It is the insurance that is taken out optionally to the part exceeding the traffic insurance coverage of the damage incurred by the third parties in traffic accidents. Garanti BBVA Fleet, in order to reduce the financial losses that may be encountered in traffic accidents, even covers the material and physical damages that may be incurred by third parties by applying the Facultative Financial Liability Insurance to every vehicle it leases without exception.

Replacement Vehicle

In case of vehicle malfunction or damage, it is a spare vehicle to make the lessor use during the repair process s where the repair period exceeds 1 day (24 hours).

Second-Hand Car

They are the used cars of which the leasing period has expired or that returned early due to legal reasons. Garanti BBVA Fleet puts its second-hand vehicles returning from lease up for sales on its Second-Hand Online Sales Platform www.garantifiloikinciel.com.

Pledge

Collaterals pledged by the lender to assure that the loan made shall be repaid with principal and interest. In the legal sense, the collateral of the loan can be personal or. The most important of the personal collateral is bail; and the most important of the guarantee in kind is pledge and hypothec.

Operator's Liability

It is specified in Article 3 of the Highway Traffic Law numbered 2918 that in the event the leased vehicle has an accident while under the lessor's operation, all kinds of losses and damages that may occur, the entire of material and moral damages that may be incurred by the third parties or vehicles; and all legal and criminal liability that may arise belong to the lessor.

COMPREHENSIVE CAR INSURANCE

Comprehensive Car Insurance is the policy taken out to cover the losses out of the free will of its user in situations such as damaging, burning, theft of any motor vehicle.

VAT

It is the abbreviation of the concept “value added tax”. In the delivery of goods and services, it is the tax paid to the deliverer by the recipient of the goods or services. VAT paid in automobile purchases cannot be used for VAT discounts. However, VAT on invoices issued in fleet leasing transactions can be used directly for VAT discount.

Accommodation

It is a hotel accommodation service that the user can benefit as an assistant service if the user cannot go ahead due to damage or malfunction in the vehicle while traveling and in case the vehicle is directed to the service and the repair process will be prolonged.

Contract Renewal

It is the revision process made in the lease contract due to the change requests of the lessor such as increasing the mileage information or the leasing period of the vehicle he/she has leased.

Loan

It is a financing method of which loanee, amount, maturity, price and collateral are determined from the beginning and makes its loanee a creditor immediately or after a certain period of time.

Loan Evaluation

It is the examination and analysis process of financial institutions regarding the return of the loan requested. The main purpose of evaluating loan requests is to determine the repayment capacity of the person or company requesting the loan and to minimize the credit risk.

Tire Change

It is the process of switching to seasonal tires during the season transitions of summer and winter. Summer tires shorten the braking distance above +7 degrees, on dry and wet roads. However, winter tires strengthen the road grip and shorten the braking distance in tough winter conditions, below +7 degrees.

Tire Hotel Service

It is the service of keeping the tires demounted from the vehicle in suitable conditions in order to prevent damage to the tires for the vehicles that are being rendered the service of winter tire service.

Logo Application

It is the process to get the images containing its own company logo and promotional information affixed to the right and left side areas of the vehicle, without covering the windows of the vehicle leased by the lessor. According to the regulations, the application of the logo cannot be applied to the roof, engine hood, trunk lid and bumpers of the vehicle.

Motor Vehicle Tax

It is the tax that is obligatory to be paid twice a year for automobiles, motorcycles and similar land vehicles.

APS (Auto-Pass System) and Vehicle Recognition System Covenant

It is a document declaring that all costs, which are to be paid related with the systems, belong to the lessor, who wants to use the Auto-Pass System (APS) being used in toll roads and bridges or the Vehicle Identification System (VRS) being used in automatic fuel purchase at contracted fuel companies.

Repair

In the event of damage or malfunction of a vehicle, it is the complete action taken to resolve the damage or malfunction.

Operational Leasing

It is the leasing method in which all operational processes of the vehicle such as maintenance, repair, insurance, tax and Second-Hand sales are included in the leasing service, and unlike financial leasing, the vehicle is returned at the end of the lease period.

Original Spare Parts

It is an automobile part produced by the vehicle manufacturer at the most suitable qualities for the vehicle with the manufacturer's warranty and safety.

Payment Plan

It is the payment table that shows the payment dates and amounts of the monthly leases of the leased vehicle within the scope of the lease agreement.

Projected Mileage

It is the amount in kilometres of the maximum total distance that the vehicle is expected to be driven during the leasing period or annually. This estimated value is one of the most important factors affecting pricing in leasing.

Pre-runner

It is the vehicle that is given to the use of the user and is equivalent to the vehicle he/she has leased until the vehicle ordered by the user, who receives leasing service, is delivered from the manufacturer.

Going on Travel

It is the whole of the alternative transportation services that the user can benefit from as an assistant service in case the user cannot go on the journey due to damage or malfunction in the vehicle while traveling.

Insurance

It is an agreement in which the user assigns its risks in return for a certain premium in order to cover the losses of any motor vehicle due to situations such as damaging, burning, theft out of the free will of its user.

Insurance Policy

It is a written and legal insurance document in which the insurance service and coverage are clearly stated as well as the insurance starting and ending date.

Order Confirmation Form

It is the written approval given by the lessor in order for the leasing company can proceed to the purchase phase of the vehicle to be leased and make it ready for its user. The Order Confirmation Form includes the brand, model, if any, additional equipment features, term and monthly leasing price of the vehicle to be leased.

Delivery Form

It is the document signed by the person who received the leased vehicle at the time of delivery, showing that the leased vehicle was delivered to the lessor firm in full.

Long Run Car Leasing

Unlike daily or short run renting, it is a leasing service performed for a minimum of 12 months and a maximum of 47 months.

Authorized Service

It is the service that is authorized by the distributor company and provides accurate and reliable service to the vehicles in line with the manufacturer's standards.

Insurance for Going Abroad

It is the traffic insurance applied in case of the vehicle is used abroad. Insurance for Going Abroad is prepared as an extension of the Traffic Insurance Policy and in case of a possible accident, it provides coverage within the legislation and limits of the country of the accident happened. The Insurance Certificate for Going Abroad, which has international validity, issued in green color and in a single format, is valid in the member countries indicated on the back of the Green Card.

Compulsory Traffic Insurance

It is legally obligatory insurance to ensure the compensation of the damage incurred by the other party pro rata if a vehicle is involved in an accident in the traffic. Compulsory Traffic Insurance is made and used in order to cover the damage of the other party, not the insured vehicle. If it is detected that the vehicles are being driven in the traffic without Compulsory Traffic Insurance, the said vehicle will be banned from traffic.