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Leasing in Hungary
As a result of the booming Hungarian econom, leasing has continued to become an ever more attractive alternative. In the past years growth rates have exceeded more than 30 percent. New areas of business continue to be addressed by attractive leasing offerings. In addition to the standard market segments, such as automobile leasing, the financing of transportation equipment, tools or printing machines, leasing has also seen substantial growth in new markets. These include segments for wood and plastic processing, modernisation efforts in agriculture, and computer technology. In Hungary both operational leasing and finance leasing are offered. Operational leasing in Hungary is similar to finance leasing in Germany, in other words the activation and writing off of the leasing object by the lease provider. Finance leasing in Hungary is seen as banking activity and requires a banking licence. At the conclusion of a finance leasing agreement in Hungary the leased object is automatically transferred to - and owned by - the lessee. Software leasing is possible in Hungary; but it can only be realised as a form of finance leasing.
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