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American cars preferred in leasing, compared to Italian and Asian cars

30 august 2008

Information in English

 
Some 80% of the expensive American cars are leased by Romanians, while leasing is preferred by only 20% of buyers of Italian cars, according to data from the Association of Automotive Manufacturers and Importers (APIA), quoted by Business Standard daily on August 21.
 
The best-sold cars in leasing are Chrysler, Dodge and Jeep, while BMW, Fiat or Hyundai are paid for in cash or installments.
One third of a total of the 120,000 imported cars in the January-July period were acquired in leasing. For cars produced outside the European Union, the buyer must also pay customs duty.
 
"As a rule, American cars are acquired in leasing, because the customs duties are quite high, which is not the case with Asian cars, often produced in Europe, making customs duties zero. For clients it is normal that they should prefer to pay taxes only on the residual 20% value. This is why leasing is quite high also for Chinese cars, far from the cheapest on the Romanian market," according to a declaration by Alin Tapalaga, general manager of Porsche Romania. He added that as regards the sales of the expensive cars, such as Porsche or Maserati, buyers prefer to pay cash or installments, because, as these cars are built in Europe, there is no reason for them to be leased.

 

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