Leasing as a method of investment financing - Bunu Mariana

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Abstract Constant searching for new forms and new ways in financial construction, investments, searching new sources for their realization, as well as permanent tendency of economic entities to join the latest trends of technical and technological development, have resulted in the creation of a new method for investment financing, which is, in international business practice, known as „leasing“. Leasing is not a physical event, but a business and financial engagement. Leasing is a new method of investment financing, which is made in business practice. Leasing, as a defined business activity, appears in the 50s of the 20th century in the USA, as a product of the tendency to bridge the gap between the need to use the appropriate funds and the lack of conditions to obtain these funds under the usual commercial conditions. The mentioned gap could beovercome only by innovative approach, which involves the agent who owns those funds and has a combination of financing. After the initial conditions in the USA, leasing began to spread in Europe, where it provided the significant contributions to the development of economy, primarily due to the easiness and simplicity of financing. INTRODUCTION Today, leasing is generally accepted modern method of financing the investments in the world. In the 80s of the 20th century in the USA, according to the assessments, there was a turnover in this business of more than 150 billion of USD. Inaddition, it is estimated that in developed countries, today, there is more than 30% of investment equipment engaged on the basis of leasing. In modern international practice, the leasing jobs are applied in various fields. There are three groups: 1. The first group includes the nondurable goods (means of transport, computers, processors, TV devices, office equipment, entire manufacturing equipment, medical equipment, household utensils). 2. The second group includes the investment equipment in the broadest sense, which can be also combined with different types of technical assistance, such as equipment maintenance, personnel training. 3. The third group includes the leasing of used items. ...