Hungarians are willing to pay the least, at €110 per month, but this is due also because they opt for the longest period of reimbursement, of some five years, says the study. Approximately 32 percent of Romanians are willing to reimburse leasing contracts in 4-5 years, while Germans take only 3 years. Half of Romanians, Hungarians and Poles will wait one day for a car loan contract, while Germans and Czechs expect to receive the loan within one hour.
Romanians and Germans chose their auto loan provider based on the monthly payment rate, the down payment (with or without penalty) and the amount they will pay over the cost of the car.
In all five countries, the main source of financing a car are own savings. The next option for Romanians is a personal loan or an auto loan from a bank (36 percent). Some 39 percent of Romanians, the largest percentage of the countries analyzed, believe it is advantageous to lease a car. A significant percentage of 21 percent consider leasing a car directly from a dealer.
GE Money is a division of General Electric company, which came to the Romanian market in the third quarter of 2006 by acquiring three companies specialized in non-banking financial services: Motoractive Leasing, Estima Finance, and Domenia Credit.
