XacLeasing
XacLeasing (ХасЛизинг ХХК) is a privately held Ulaanbaatar-based specialized leasing company, subsidiary of TenGer Financial Union, offering vehicle, machinery, manufacturing, and medical equipment leasing to Mongolian mining, construction, transport, healthcare, and consumer buyers via 8 branches and 36 OEM supplier partnerships.
- Company typePrivate
- Founded1996
- HeadquartersUlaanbaatar, Mongolia
- Headcount11–50
- GTM typeB2B
- OfferingServices
What XacLeasing does
XacLeasing (ХасЛизинг ХХК) is a privately held specialized leasing company headquartered in Ulaanbaatar, Mongolia, operating as a subsidiary of TenGer Financial Union LLC. Established as a dedicated leasing entity in 2007 and tracing operating roots to 1996, the company provides asset financing across four core product lines: new car leasing (1.5%-1.8% monthly interest, 10% down payment, up to 8-year terms), machinery leasing (1.6%-1.8% monthly, 20% down payment, up to 4 years), manufacturing equipment leasing, and medical equipment leasing, supplemented by customs auto loans (2-hour decisions across 22 auto centers), registered-vehicle loans (1-day decisions for vehicles manufactured from 2016), the CAT-Leasing dealer program, and financial consulting.
The business model is a classic spread-based lessor: XacLeasing acquires assets via funding from TenGer Financial Union, EBRD ($3M in 2021), the Asian Development Bank, and the Green Climate Fund, then leases them to customers earning the differential between its cost of funds and the lease rate. Its technology stack is limited to an erxes.io CRM for lead and gateway management, with no disclosed AI/ML, proprietary platforms, or APIs. Distribution is anchored by 8 physical branches and service centers in Ulaanbaatar, many co-located within authorized dealership centers of major OEMs including Caterpillar, Toyota, Mercedes-Benz (MSM Group), Nissan-Renault, Komatsu, Hyundai, Hitachi, Ford, SANY, XCMG, and Zoomlion, comprising a 36-supplier ecosystem.
XacLeasing serves Mongolian businesses and consumers primarily in mining, construction and infrastructure, transportation and logistics, healthcare, agriculture, and individual/enterprise vehicle buyers. Competitive positioning rests on speed of decisioning, breadth of supplier partnerships, and long-tenured relationships with international OEMs and development finance institutions, though no public financials, revenue figures, or named end-customer logos are disclosed.
XacLeasing firmographics
Firmographics- Name
- XacLeasing
- Legal name
- ХасЛизинг ХХК
- Website
- https://xacleasing.mn
- Company type
- Private
- Founded year
- 1996
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- XacLeasing (ХасЛизинг ХХК) is a privately held Ulaanbaatar-based specialized leasing company, subsidiary of TenGer Financial Union, offering vehicle, machinery, manufacturing, and medical equipment leasing to Mongolian mining, construction, transport, healthcare, and consumer buyers via 8 branches and 36 OEM supplier partnerships.
- Ownership category
- akta.pro rank
XacLeasing industry classification
Industry- Product category
- Equipment & Vehicle Leasing
- NAICS
- Automotive Equipment Rental and Leasing (5321), Sales Financing (522220), Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (532412), Construction, Transportation, Mining, and Forestry Machinery and Equipment Rental and Leasing (53241)
- SIC
- Services-Auto Rental & Leasing (No Drivers) (7510), Finance Lessors (6172)
- akta.pro primary industry
- Auto & Vehicle Leasing (Personal Use) (FSAKANAA)
- akta.pro secondary industries
- New & Used Auto Purchase Loans (FSAKADAA), Fleet & Commercial Vehicle Finance (FSAKADAE)
Keywords
Where XacLeasing is headquartered
LocationHeadquarters
- HQ city
- Ulaanbaatar
- HQ country
- Mongolia
- HQ region
- Asia
Offices8 records
Markets served
XacLeasing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Leasing Interest Income: XacLeasing generates revenue through interest spreads on leasing agreements for vehicles, machinery, and equipment. The company offers financing with monthly interest rates ranging from 1.5% to 1.8% depending on the asset type, with terms up to 8 years for vehicles and 4 years for machinery. Revenue is earned through the spread between the cost of funds and the lease rates charged to customers.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | New Car Leasing: 1.5%-1.8% monthly interest rate, 10% down payment, up to 8 years term |
| Subscription | Monthly | Machinery Leasing: 1.6%-1.8% monthly interest rate, 20% down payment, up to 4 years term |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels4 records
XacLeasing product offering
Product offeringCore offering
XacLeasing provides leasing and loan financing services for vehicles, machinery, manufacturing equipment, and medical equipment to Mongolian businesses and individuals. The company partners with 36 authorized dealers including Toyota, Caterpillar, Komatsu, Mercedes-Benz, Nissan-Renault, and others to offer financing at monthly interest rates of 1.5%-1.8% with terms up to 8 years for vehicles and 4 years for machinery.
Product overview
XacLeasing operates as a specialized leasing company established in 2007 under TenGer Financial Union, offering equipment and automobile leasing services in Mongolia. The company provides four main leasing products: New Car Leasing, Machinery Leasing, Manufacturing Equipment Leasing, and Medical Equipment Leasing. Additionally, they offer specialized services including Customs Automobile Loans, Numbered Automobile Loans, and CAT-Leasing programs. The company also provides financial consulting services and operates through 7 branches across Ulaanbaatar.
Differentiator
Problem solved
Functional benefit
Products and services
- New Car Leasing (Шинэ автомашины лизинг) Leasing service for purchasing new automobiles from authorized dealers, featuring monthly interest rates of 1.5%-1.8%, 10% down payment, and lease terms up to 8 years. Targets individuals and businesses seeking new vehicle financing from brands like Toyota, Lexus, Ford, Hyundai, Mercedes-Benz, Nissan-Renault, Porsche, Jaguar, Land Rover, Jeep, and others.
- Machinery Leasing (Машин механизмын лизинг) Leasing service for machinery and equipment used in mining, construction, and freight transport sectors. Features monthly interest rates of 1.6%-1.8%, 20% down payment, and lease terms up to 4 years. Targets companies acquiring equipment from manufacturers such as Caterpillar, Komatsu, SANY, XCMG, Zoomlion, Hitachi, and Doosan.
- Manufacturing Equipment Leasing (Үйлдвэрлэлийн тоног төхөөрөмжийн лизинг) Leasing service for manufacturing and service industry equipment acquired from authorized dealers. Targets manufacturing and service businesses requiring specialized equipment for production and operations.
- Medical Equipment Leasing (Эмнэлэгийн тоног төхөөрөмжийн лизинг) Leasing service for medical treatment and diagnostic equipment acquired from authorized sellers. Targets hospitals, clinics, and medical facilities requiring modern diagnostic and treatment capabilities without large upfront capital outlays.
- Customs Automobile Loan Service (Гаальтай автомашины зээлийн үйлчилгээ) Automobile loan service available at 22 auto sales centers across Da Khuree in Ulaanbaatar, with loan decisions made within 2 hours. Targets individual buyers and businesses acquiring customs-imported vehicles through partner dealerships.
- Numbered Automobile Loan Service (Дугаартай автомашины зээлийн үйлчилгээ) Loan service for automobiles with license plates produced since 2016, with approval decisions within 1 day. Targets individual buyers and businesses seeking fast vehicle financing through established dealerships.
- CAT-Leasing Program Official Caterpillar dealer program in Mongolia offering Caterpillar construction and mining equipment through leasing arrangements. The partnership dates back to 1996 and covers excavators, loaders, and other heavy equipment for Mongolia's mining, construction, and infrastructure sectors.
- Financial Consulting (Санхүүгийн зөвлөгөө) Financial advisory services offered as part of XacLeasing's service portfolio, supporting business and individual customers with financial planning related to their leasing decisions.
Quantifiable outcome
- Customs auto loan decisions within 2 hours across 22 auto centers
- +3 more outcomes
Companies that use XacLeasing
Customer profileSegments6 records
Ideal customer profiles5 records
XacLeasing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
XacLeasing partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core, strategic and major.
- Caterpillar (CAT)coreXacLeasing is the official Caterpillar dealer in Mongolia and operates the 'CAT - LEASING' program, offering Caterpillar construction and mining equipment through leasing arrangements. The partnership dates back to 1996, making it one of the company's longest-standing relationships.
- Green Climate Fund (Ногоон Уур Амьсгалын Сан/NUAC)strategicEBRD and Green Climate Fund partnered with XacLeasing to provide green climate financing support to Mongolian businesses. This partnership focuses on environmental sustainability by financing climate-friendly equipment and technology.
- Toyota Mongolia (Toyota-Q)majorToyota-Q is an authorized Toyota dealer in Mongolia where XacLeasing operates dedicated service points. Through this partnership, customers can obtain Toyota vehicles with leasing financing at Toyota dealership locations including Munkhkhada Toyota Center.
- ToyotamajorMajor automotive supplier partner providing passenger vehicles (Toyota, Lexus) through XacLeasing's financing programs. Available at multiple dealership locations.
- Mercedes-Benz Mongolia (MSM Group)majorMSM Group operates the Mercedes-Benz center in Ulaanbaatar where XacLeasing opened a dedicated branch in June 2018. The partnership provides premium vehicle leasing financing options.
- KomatsucoreJapanese construction and mining equipment manufacturer. Komatsu equipment including excavators, bulldozers, and loaders is available through XacLeasing financing.
- SANYcoreChinese construction equipment manufacturer specializing in concrete machinery, excavators, and road construction equipment available through XacLeasing.
- XCMGcoreChinese heavy equipment manufacturer providing construction machinery, cranes, and excavators through XacLeasing's leasing program.
- ZoomlioncoreChinese construction equipment manufacturer specializing in concrete pumps, cranes, and earth-moving equipment available through XacLeasing.
- HyundaimajorHyundai vehicles and trucks available through XacLeasing financing at partner dealerships throughout Ulaanbaatar.
- HitachicoreHitachi construction equipment including excavators and wheel loaders available through XacLeasing.
- Ford MongoliamajorFord vehicles including trucks and commercial vehicles available through XacLeasing financing.
Scale indicators3 records
Recent moves7 records
Expansion highlights4 records
XacLeasing competitors and assessment
Company assessmentBroad incumbents
- XacBank: Mongolian commercial bank with consumer and SME lending products including auto and equipment loans. A domestic competitor to XacLeasing serving similar retail and small-business borrowers across Mongolia.
- Khan Bank: Mongolia's largest commercial bank offering consumer and SME lending, including vehicle and equipment financing. Comparable as a domestic Mongolian deposit-funded lender that competes with XacLeasing for the same vehicle and equipment finance customers, though from a much broader banking platform.
- John Deere Financial: Captive finance arm of John Deere offering leasing and loans for agricultural and construction equipment. Comparable product structure to XacLeasing's machinery leasing book serving agricultural and construction customers.
- Toyota Financial Services: Global captive auto financing arm of Toyota offering leasing and loans through dealer networks. Comparable in product and dealer-channel model given XacLeasing operates Toyota-Q service points and finances Toyota vehicles in Mongolia.
- DLL Group: Global equipment and vendor finance specialist (Rabobank subsidiary) operating across agriculture, construction, transportation, and industrial equipment. Comparable in product structure (asset-based leasing with OEM partnerships) though at global scale and with deeper capital.
- CNH Industrial Capital: Captive finance arm of CNH Industrial (Case IH, New Holland, Iveco) offering equipment leasing and loans for agricultural and construction equipment. Comparable product set to XacLeasing's machinery leasing business with major OEM backing.
- Mercedes-Benz Financial Services: OEM captive finance provider for Mercedes-Benz vehicles offering leasing and financing through dealer networks. Comparable given XacLeasing operates a dedicated branch at the MSM Group Mercedes-Benz Center in Ulaanbaatar.
- Trade and Development Bank of Mongolia (TDB): One of Mongolia's largest universal banks with corporate, trade, and SME lending including leasing products. Competes with XacLeasing for mining, construction, and corporate equipment financing customers using lower deposit-funded cost of capital.
Direct peers
- Caterpillar Financial Services Corporation: Caterpillar's captive finance arm providing loans, leases, and insurance for CAT equipment worldwide. Direct functional peer given XacLeasing is the official CAT dealer in Mongolia running the CAT-Leasing program since 1996.
- TenGer Financial Union: Parent and founding investor of XacLeasing, a diversified Mongolian financial conglomerate providing group-level lending, savings, and insurance products. Highly comparable business model and customer base, and the sponsor that capitalizes XacLeasing's leasing operations.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
XacLeasing social profiles
Digital presenceXacLeasing financial estimates
Financial estimateRevenue estimate
Valuation estimate
XacLeasing leadership team
Management profileNumber of profiles
Profiles3 records
XacLeasing funding detail
Funding detailFunding overview
Funding rounds3 records
Investors2 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
XacLeasing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about XacLeasing
What does XacLeasing do?
XacLeasing provides leasing and loan financing services for vehicles, machinery, manufacturing equipment, and medical equipment to Mongolian businesses and individuals. The company partners with 36 authorized dealers including Toyota, Caterpillar, Komatsu, Mercedes-Benz, Nissan-Renault, and others to offer financing at monthly interest rates of 1.5%-1.8% with terms up to 8 years for vehicles and 4 years for machinery.
Is XacLeasing a public or private company?
XacLeasing is a private company. It is classified as corporate owned and is currently operating.
When was XacLeasing founded?
XacLeasing was founded in 1996. It employs 11 to 50 people.
Where is XacLeasing based?
XacLeasing is headquartered in Ulaanbaatar, Mongolia, in the Asia region.
How does XacLeasing make money?
One revenue line is on record: leasing Interest Income.
Who are XacLeasing's main competitors?
Broad incumbents on record are XacBank, Khan Bank, John Deere Financial, Toyota Financial Services, DLL Group, CNH Industrial Capital, Mercedes-Benz Financial Services and Trade and Development Bank of Mongolia (TDB). Direct peers are Caterpillar Financial Services Corporation and TenGer Financial Union.
Does XacLeasing have an API?
No public API is recorded for XacLeasing.
What industry is XacLeasing in?
XacLeasing's product category is Equipment & Vehicle Leasing. Its primary akta.pro industry code is FSAKANAA, Auto & Vehicle Leasing (Personal Use), with a secondary code of FSAKADAA, New & Used Auto Purchase Loans. Its NAICS code is 5321 and its SIC code is 7510.