A Comprehensive Financing Services Company
In Japan’s leasing and financing industries, Century Tokyo Leasing Corporation (TC-Lease) has developed into a leading company. TC-Lease has been active in the Singaporean market for over three decades and is strengthening its position within the industry as a comprehensive financing services company.
‘We are committed to continue growing in partnership with our customers in Singapore and ASEAN.’
President & CEO,
Century Tokyo Leasing Corporation
TC-Lease has established a network of offices throughout the Asian region in Thailand, Malaysia, Singapore and Indonesia. The company’s local subsidiary in Singapore, Century Tokyo Leasing (Singapore) Pte. Ltd., is the largest of the company’s international business entities by
balance of assets.
In Singapore, the main services offered by the company are automobile financing, equipment financing and vendor lease programs. The company began offering automotive financing in 1997 and this continues to be a key business driver for the company representing eighty-eight percent of their total sales today. Both new and used vehicle financing is provided through authorized agents. Century Tokyo Leasing (Singapore) Pte. Ltd. also provides floor stock financing for its network of dealers.
Equipment financing and vendor leasing are designed to help customer’s businesses grow. The rationale of TC-Lease’s equipment financing solutions is that the company facilitates lump purchases and enables customers to make payments by instalment. This scheme makes it possible for customers to avoid huge costs at the time of their initial capital investment and it is provided based on the customer’s repayment capabilities. Vendor leasing is structured to support manufacturers, distributors and resellers. By collaborating closely with customers or vendors and providing value added services, the company has developed a strong competitive edge in Singapore.
“Singapore’s economic growth is founded on political stability and Singapore’s government actively encourages private sector growth for the good of the country”, says Asada. “We are committed to continue growing in partnership with our customers in Singapore and ASEAN. We will contribute to society as a comprehensive financing services company by developing services that transcend the business domains of leasing and financing”.