Modern high-tech machines, various specialized equipment, as well as cars, are currently at a high cost. This moment forces many enterprises to issue loans for such large purchases.
One type of lending is financial leasing. This service provides the buyer with certain benefits. They consist in the fact that even before he becomes the full owner of the loan facility, the buyer can already use it. Payment lasts for several years. This is fraught with certain risks. Further in the article, we consider the concept of a leasing confiscate and whether there is a benefit from its purchase.
The concept of confiscation of the leased object
For some enterprises, due to various circumstances, such a credit burden becomes unbearable. They are forced to violate the terms of the loan - a financial lease, which leads to the confiscation of the object - the process of withdrawal.
As a result, a leasing confiscation arises. The measure is extreme, since before its application there are still some methods for resolving the situation. This is a temporary deferral of payments or extension of a leasing agreement.
If none of the methods solves the problem, then the property is seized in order to repay the loan debt after its sale.
Confiscated market
Most financial leasing agreements provide for a loan term of up to five years. Such conditions are attractive enough, and for many enterprises, especially newly created ones, they are the only chance to acquire new property or expand their production base. Moreover, such objects are practically new or are in excellent condition.
But financial forecasts and calculations sometimes do not come true, and the crisis leads the company to bankruptcy. In such a situation, all property that was in financial lease is seized. This is how the market for leasing confiscated equipment and other facilities is formed and replenished. This is agricultural and factory, industrial equipment, cars and more.
Is it possible to lease not new property
The possibility of obtaining financial lease of used property or equipment is quite real, but in practice difficult. This is due to the fact that many leasing companies do not enter into transactions with such objects in connection with possible problems of a legal and technical nature - it may be pledged, sold or defective.
On the other hand, there are companies that take the liberty of purchasing pre-owned facilities. But with the condition: the price should be significantly lower than the market, and the technical condition - good.
Despite the popularity and relevance of the procedure, lending for the purchase of not new objects, this market is rather scarce. But a solution was found here: registration of transactions for financial lease of the same object - leasing confiscated.
In this case, the lessor is more confident in the legal purity of the property and the history of its acquisition. Repeated lease of confiscated goods gives her the opportunity not only to pay off debt on past due debts, but also to make a profit from the newly accrued interest.
Moreover, in this case, the lessor is not necessarily the owner of the object, it may be a third party - the buyer. It is he who will transfer the property in use under a finance lease.
Where are the seized items sold
In most cases, the seized property is sold by the leasing companies themselves. But sometimes specialized enterprises also do this. For example, leasing confiscated trucks may be sold by companies selling used vehicles.
The problem for leasing firms is the following:
- The process of implementing confiscation requires considerable investment. In addition to good knowledge of this market segment, it is also necessary to conduct an assessment and technical examination of confiscated property, to submit sales announcements, and to conduct negotiations. All this requires financial investment and time-consuming.
- The confiscated market has a wide range of products, from used vehicles and vehicles to custom-made special equipment. Sale of leasing confiscated equipment of narrow specialization is carried out at specialized trading floors. This requires a large staff of specialists and investments in the rental of warehouses for the storage of confiscated objects.
From the foregoing, it is clear that it is more profitable for leasing firms to delegate sales to specialized enterprises, rather than doing it on their own. Such enterprises provide turnkey services - from appraisal to conclusion of an agreement. All costs are included in the value of the property sold.
Buying a leased confiscate - is it profitable
The property seized and prepared for sale is evaluated by specialized firms at the current average market price. And at the same cost, confiscated objects are sold to leasing companies that have completed the seizure procedure. Based on this, it becomes clear that buying a confiscated product at a much lower price than the market price is simply impossible. After all, the lessor the seller wants not only to pay off overdue debts, but also to receive additional income.
Sometimes, however, there are force majeure situations. If during the validity period of a leasing agreement concluded at a certain cost, for some reason, the market price of the leased object has fallen, then its further sale after confiscation will occur at a lower cost. In this case, the seller can not only not pay off the debt under the expired agreement, but also go into the red due to pre-sale preparation.
Therefore, lessors during the sale will never lower the value below the market, because it is still more often more than past due debts.
In this case, it is worth noting just not new property, since it is lower than the newly created one, and the technical condition is still good. Financial leasing in this case becomes justified and profitable.
Confiscated machinery
The leasing confiscation of tractors, trucks and custom equipment is the only solution that allows enterprises to acquire, on credit, though not new, but still good property that meets the technical specifications.
Thanks to the financial leasing agreement, newly created enterprises can get on their feet, immediately having at their disposal production assets and starting to work, and to repay loan debts over the next years.
Such an agreement is also important for firms that plan to expand their activities.
The modern market for leasing of seized property has just begun its formation, and the range of proposed facilities is still quite small, but it already allows you to make a choice not only by the name you need, but also by make and model. This is especially true for this type of special equipment, such as tractors, since they are used almost everywhere.
Sale of seized cars
Car leasing exists on the market very little time, but has already found a lot of its fans. Especially popular is the leasing confiscation of cars, which allows you to purchase an almost new car by installments after seizing from a previous customer. This method of resolving the issue suits everyone. Finance leases provide for full maintenance.
This is beneficial even if you have to make monthly payments. The only problem is that leasing companies are very reluctant to sell their used cars, it is much more interesting for them to enter into transactions with new automotive equipment.
How to avoid confiscation
When, due to various circumstances, credit debts under a leasing agreement on a lease of property become an excessive burden, the client is offered two solutions. One of them is installment debt, and the second is renewal of the contract.
The second option is the most preferable - the client draws up a new leasing agreement, avoiding confiscation. The lessor is happy to do this, since he knows the technical condition and history of the object and the overdue debt will be paid off. In addition, a third party remains satisfied. That is, the lessee solves the debt problem, and he is no longer afraid of forfeiture. The next owner pays the debt and receives benefits at the conclusion of the contract, and the leasing company gets rid of the problem contract, and therefore is ready to provide preferential terms.
Ultimately, these actions will make it possible to acquire this property quickly and already at a reduced price, since it is not new.