Leasing companies have increasingly more repossessed items, but won't cut prices
Leasing companies have increasingly more repossessed goods, with
their number rising significantly over the last half-year - but are
unable to sell them because they will not even think about cutting
prices on a market where demand is lacking.
For instance, while in November last year VB Leasing, a mid-size
company, had almost 1,200 repossessed goods listed on its website,
now they exceed 1,600. At BCR Leasing the number of repossessed
goods climbed from 429 in November last year to 770 at present.
Another example is Marfin Leasing, which now has a twice as long
list of recovered goods than seven months ago, 370 to be
exact.
Financers say whilst there is some demand for cars, no one is
interested in buying lorries and utility vehicles.
"Demand for cars is not very significant, but steady. The problem
is with lorries and utility vehicles - their market is frozen,
which is in fact understandable, considering the state of road
infrastructure," says Cornel Coca Constantinescu, CEO of MKB
Romexterra Leasing.
On the market there are thousands of cars, lorries, pieces of
equipment, and buildings put up for sale by leasing companies after
they had repossessed them from clients no longer able to pay their
instalments.