Car lease on hire purchase : interest penalty in car leasing

السؤال

Salam Alaykum Brother Monzer, Last year I leased a car from VW and before I leased it I asked a local brother who has some knowledge and he said as long as the lease contract does not contain any interest it should be fine. I looked up the lease and I did not find anything talking about paying interest including the section that talks about the default payment, it only mentioned a $15.00 penalty for late payment, so I signed the lease. This year I want to lease a Nissan car for my wife and two kids but when I looked under the lease terms I found that Nissan charges 6 % interest per annum for default payment so I stopped the process and hoping I can find an answer from you on this issue. Also I should mention that when they checked my credit score they gave me a higher monthly payment because I don't use credit cards nor have mortgage or loans and my credit score is low. The finance person told me that he calculates something called money factor to figure out the monthly payment and as he described it he said it is a form of interest. Is that ok ? Jazaka Allahu Khair and may Allah bless you for helping us reaching the right path. Jamal

جواب الفتوى

أنقر هنالمشاهدة هذا المحتوى

تاريخ النشر

2011-09-16

التخصصات الرئيسية

العلوم المالية و المحاسبية
الدراسات الإسلامية

الموضوعات

• المصارف
• الفقه الإسلامي
• الإسلام
• العقود
• التأجير
• نظام الحكم في الإسلام
• العقوبات
• السيارات
• الربا

عدد الصفحات

1

نوع البيانات

فتاوى

لغة النص

الإنجليزية

رقم السجل

BIM-732519

• APA
• MLA
• AMA