Romanian lessor Impuls Leasing financed goods worth €50 million
in the first half of 2009, it reported, down 57 percent
year-on-year.
Razvan Diaconescu, the company’s general manager, said that the
equipment market was hardest hit, falling by over 90 percent;
followed by the HGV market, which fell 80 percent; and the
automobile market, which fell 65-70 percent.
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In addition to the general economic crisis, the rise in the
RON/EUR exchange rate was “another evident problem” for Impuls’
clients, who pay their instalments in Euros, Diaconescu added. He
expects that the vehicle market will continue to decline through
2009, and will not begin to recover until the second quarter of
2010.
“In 2010, the first signs of a market revival will appear as
late as March, whilst January and February will be as weak as in
2009 – although this always tends to be the weakest period in the
entire year for leasing companies,” he said.
Separately, in neighbouring Bulgaria, Raiffeisen Leasing has
relaxed its car leasing requirements by lowering down payments to
15 percent of the vehicle’s cost. It hopes that the offer,
available on low- to medium-range vehicles purchased on leasing
contracts of up to 60 months, will boost new sales.
Jason T Hesse
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