Impuls Leasing plans to finance 100m euros' worth of assets this year

Impuls Leasing, one of the top ten companies on the financial leasing market, expects to finance goods worth 100 million euros this year, up by around 20% against 2009. Last year the value of cars and equipment financed by the company was down by 60% to 84.2 million euros, with the entire leasing market being significantly hurt by the crisis.

"If we were to draw a conclusion after the first two months of this year, it would be that our plan for 2010 is not achievable. But I expect the market will start to move at some point, because there are individuals and companies that need to change their cars, and because competition has shrunk on the leasing market so it is normal for those left to get more," says Razvan Diaconescu, general manager of Impuls Leasing.

Vehicle funding accounted for 90% of the company's portfolio last year, while the rest of the funding was granted for the acquisition of equipment.

"We will continue to rely on cars, although the market is dwindling, as well as on lorries, where we noticed some demand. There is not much demand on the equipment segment, and we are not doing anything on the real estate segment because we don't know for sure what prices are on this market."