ZF English

Leasing companies sell thousands of repossessed goods

05.11.2009, 23:25 32

Since the beginning of this year, financing companies have beenfaced with a wave of goods repossessions, especially cars that nowsit in car parks all day and wait for buyers.
"The number of repossessions is currently down, and companies have'cleaned up' their client portfolios somewhat. For non-specialisedcompanies like us, cars dominate the offer of repossessed goods.Clients that could not pay their instalments tend to be small andmedium-sized enterprises, which act in a chain reaction: if theconstruction company goes down, so does the distributor ofconstruction materials, and so on," says Claudiu Stanescu, generalmanager of BCR Leasing, the second-largest company on the leasingmarket at the end of last year.
The company set up a specialised website dedicated to resales, withits offer of repossessed goods including no less than 430 cars,lorries, various equipment and ATVs.
An ATV, for instance, costs between 1,900 and 3,000 euros, and thecheapest car, a Chevrolet Spark from 2008 that has travelled 26,000kilometres, costs 3,500 euros (prices include VAT). The mostexpensive car put up for resale by BCR Leasing is a Chrysler 300from 2005, which had travelled 41,000 kilometres, at a price of22,000 euros.
Companies with the largest number of repossessed goods are AfinLeasing (1,200), VB Leasing (1,170), Impuls Leasing (750) and BCRLeasing (430). However, not all companies publish their offer ofrepossessed goods on their websites, so the actual number ofrepossessions on the entire market is not known. According to someestimates, it has already exceeded 10,000.
Among thousands of repossessed cars and lorries, there is also ayacht. Bavaria 37 Cruiser (one year-old) is put up for sale on thewebsite of TBI Leasing, at the price of 79,000 euros.

Pentru alte știri, analize, articole și informații din business în timp real urmărește Ziarul Financiar pe WhatsApp Channels

AFACERI DE LA ZERO