Operative leasing and new legal solutions let decrease results of crisis and contribute to development of industry.
One from industries, which in first sequences reacted on appearance of crisis is leasing sector. After dynamic increase in 2007 year and at the beginning of 2008 became time of stagnation. Now leasing industry defends himself suggesting new legal solutions which – in opinion of inventive persons let decrease effects of crisis and contribute to development of industry.
“In situation of economic slowdown when effects of our investments are power of thing deferred in time, very important is proper fitting in time costs to expected incomes due to leasing it became possible because in operative leasing repayment of capital we regard as cost of obtainable of income and his schedule in time we can optionally form. In time of crisis businessman’s are going to decrease costs, they try to their capital expenditures was very rational” – say Andrzej Sugajski, director of Association of polish leasing organization banding leasing firms which represent 90% of market.
Difficulties on market particularly has touched transport industry which in last years try to fit with new requirements, especially after joining Poland to European Union And cope with growing competition. General promoted ago climate of economic SITUATION and dynamic growth of economy. In effect, leasing industry in 2007 year achieve in ways of transport sector record result: For application has been gave vehicles which value totaled 19,5 mld of PLN from that 7,2 mld are saddle tractors with semi-trailers and trailers. Few months later situation has been changed – good situation in industry has braked by the reason of growing prices of petroleum and strengthening PLN.
First symptoms of decrease interest of special ways of transport have appeared already in first half of 2008 year. In second half, situation was only worse first of all on result decrease of order on transport favor then it was caused crisis deepening on international markets. From ZPL data result that in all 208 year corporations leased truck tractors units with semi-trailers and trailers which vale totaled 4,9 mld PLN what mean 32% decrease of value of recently included agreements in this segment of market. In case of market of transport ways last period was hard equal for lease firms as well as clients. Influence of that not only related with decrease national investments more less demand on leasing services but also high increase of costs of sponsorship of activities and limit of possibility of raise funds for this purpose.
Economic slowdown with which we hale currently for action causes deterioration of liquidity of financial polish but that goes behind inconvenience with attendance of net debt concedes Piotr Warmuża, department head of cooperation with suppliers in European lease fund SA.