Organization and efficiency of Organization and efficiency of implementation of leasing servicesimplementation of leasing services

1. Leasing as an economic notion

2. Development of leasing services in Ukraine

3. Improvement of efficiency of financial leasing

OutlineOutline

The purpose of this work is carrying out the analysis of a condition of the international leasing of vehicles in Ukraine and the review of prospects of development of this sphere.

Object of research of a master's thesis is development of the international financial leasing of vehicles in Ukraine.

Leasing is an arrangement between two parties, the leasing company or lessor and the user or lessee, whereby the former arranges to buy capital equipment for the use of the latter for an agreed period of time in return for the payment of rent.

Leasing is an important source of finance for the lessee. Leasing companies finance for:

Modernization of business. Balancing equipment. Items entitled to 100% or 50% depreciation. Assets which are not financed by

banks/institutions.

The types of leasing: Operating lease: Short term, cancellable lease agreements.

The lessor is responsible for the maintaince and insurance of the asset. Example: Tourist renting a car, Hotel rooms, etc.

Financial Lease: Long term non cancellable lease contract. Example: Plant, Machinery, Building, Ships and aircraft.

Sale and Lease-back: Special financial agreement in which the user may sell an asset owned by him to the lessor and lease it back from him. Example: shipping Industry.

Leasing as the form of commodity crediting in Ukraine at the initial stages of formation, and the market of leasing services has high potential.

Country 2013 year

Estonia 5,17

Czech Republic 4,74

Slovakia 4,25

South Africa 4,25

Germany 2,99

Italy 1,99

Poland 1,82

Russia 1,46

Ukraine 0,25

Ratio of volume of leasing services to GDP in the countries of the world, %

During 2013 vehicles, the production equipment, agricultural machinery, the computer equipment and the telecommunication equipment were the most popular subjects of leasing in the Ukrainian market.

The Skania Ukraine company is the official distributor of the Swedish company Scania in the territory of Ukraine

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The total the realized vehicles

, The vehicles realized by means of financial leasing

We will compare economic advantages of receiving financial leasing and the credit to the ordinary client.

The basic offer of financial leasing from the Skaniya Credit Ukraine company on the trucks Scania P340

Product Price, Kiev, Euro

Advance payment, euro

Number of monthly payments

Amount of monthly payments

Residual cost

Truck Scania P340

77000 23100 48 1629 120

The savings bank of Ukraine grants the loans for purchase of vehicles for legal entities in Euro under 11,2% per annum

Calculation of cost of the Scania P340 truck when granting the credit by Savings Bank of Ukraine

Product Price, Kiev, Euro

Advance payment, euro, 10%

Number of monthly payments

Amount of monthly payments

Truck Scania P340 77000 7700 48 2092,5

The main office of the Skaniya Credit Ukraine company is in Kiev region. The majority of the service centers of the company are located in east regions of the country. Would be rational to create representative offices which would be focused on involvement of new clients in the western regions, for example, in the Khmelnytsky region

The payback period makes:

PP = Capital/Profit

PP = 141450/350790 = 0,4 (year)

PP = 3 month

Conclusion

The main advantages of leasing isThe main advantages of leasing is::

Permit alternative use of funds. Faster and Cheaper credit. Protection against obsolescence. Facilitates additional borrowings.