Romania exports back leased cars, at half the price

Leasing companies are selling cars on the local and foreign markets in “packages” of at least four cars, for prices 40-50 percent lower than prices initially paid in 2008, according to representatives of the leasing market, in a survey by the NewsIn agency. “The prices of cars generally fell an average 40-50 percent compared to 2008, which is why leasing companies often sell the recovered cars at a loss,” the General Manager of Impuls Leasing, Răzvan Diaconescu, told NewsIn.

On the other hand, if leasing companies try to hold on to the recovered cars too long, in the hopes of obtaining a better price, their storage and maintenance costs are rising, while the car’s market value is dropping anyway, given the fact that it gets older with every passing day. The cost for a car “stored” in an auto park is of some €50 per month (VAT not included), but companies parking over 20 cars can benefit from discounts of up to €35-40 per car.