What is intercalate interest?
Leasing payment is always due on the first day of the month and the deadline for the payment is the following eight work days. If the client takes over the vehicle in one month and the first payment is due only on the first day of the next month, the client is requested to pay the intercalate interest for the number of days during which he or she has been using the vehicle before he or she started repaying the payments regularly. The intercalate interest is the cost which is entered into the invoice only once during the duration of the financial leasing agreement.
