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Wednesday 24.01.2018 | Name days: Krišs, Eglons, Ksenija

Amount of leasing debtors decreases

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The loss of leasing companies from alienated cars is decreasing, the amount of debtor-cars available in the market is also shrinking, therefore the leasing market is shifting to providing its services to corporate clients, reports Lietišķā Diena.

The clients deal with their payments more responsibly than in the beginning of the year. As the market stabilizes the car prices are no longer as attractive as they were the previous year, indicates SEB Līzings member of the Board Raivis Ruskulis.

«If we evaluate the data of auto leasing market, it is divided as follows: 48% of it is formed from leasing private persons, while 52% – companies. This proportion tends to be higher for leasing companies in SEB Līzings portfolio: 30% comes from leasing private persons, the other 70% – from legal entities. We assess that nowadays services supporting companies is of especial importance, because it also grounds the development of private persons segments not only in terms of leasing, but throughout the whole economy. Our belief is that in the market drop conditions it is essential that business recovers – it means that people will work, they will have income and be able to afford the things they need every day,» says Ruskulis.

The lengthy winter was a very difficult period for private persons, so people mostly concentrated on utility bill payments, therefore leasing payments were a secondary matter. «There is a similar situation with enterprises, although the situation there is not so much affected by winter as by the economical situation as a whole. As the first positive signs appear in the economy, we can see that the solvency improves and the amount of debtors decreases. Of course, it is not time for great optimism yet, but in the last 3-4 months the tendency is that the amount of debtors falls,» emphasizes SEB līzings manager.

The overall debtors proportion is 12%. Recent data on proportion of mortgage loans debtors shows that the amount of 30-day debtors decreases reaching 13%. The volume of new deals in leasing market until July 1st was 74 million lats, from which 47% were cars, 28% – commercial transport, 25% – equipment leasing. In the structure of new deals in SEB līzings 54% is formed by cars to private persons or companies, 20% – commercial transport, 26% – equipment.

In 2009 most of the cars were purchased for personal funds and savings, this was a tendency also in the first quarter of 2010. Now the trust in the market, self belief and confidence in economic recovery encourages people to take car leases more often.

«With regard to leasing of legal entities, deals are made with those whose car parks have worn out and they have to change them. In connection with private persons those who are in a stable financial situation, sure of their employer and their knowledge are the ones who buy new cars,» informs Ruskulis.


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