Leasing in euros, 50% more expensive than early in the year

Ziarul Financiar 23.10.2008

Interests on financial leasing usually granted in euros will stand at at least 10% next year, which means a 50% increase compared with the start of this year when leasing costs stood at 7% on average, players on the market estimate. The cost of leasing went up to 8% in the middle of this year, and currently stands at about 9% on average. It will go up to a two-digit figure due to the increase in refinancing sources. "The average interest on the leasing market will reach two digits next year, at least 10%," says Razvan Diaconescu, general manager of Impuls Leasing, one of the top ten leasing companies on the market, which granted 164 million euros in financing in the first nine months. As a result, Diaconescu joins the managers that have lately stated that leasing interest rates will reach two-digit figures in the next few months.