“We expect firms offering products and services domestically will mainly require financing in lei. We estimate their investments will go especially into vehicles and equipment,” Garanti Leasing general manager Okan Yurtsever said in a press release Tuesday.
The minimum value of acquisitions for each leasing category is RON20,000 (EUR5,000) and the required down payment varies depending on financed assets and other guarantees. The pay-back period is between one and eight years, the latter of which applies to real estate financing.
For 2013, the company expects to grant financing for assets worth over EUR60 million.
Garanti Leasing is the brand used by Romania’s Motoractive IFN SA, part of Turkish financial group Garanti. (EUR1=RON4.3998)