Why does Financial Leasing remain one of the most Modern Credit Options in Albania?

Abstract

Financial leasing is an important source of medium and long term financing in developed economies and developing countries, because it is an efficient economic solution to the problem of acquiring shares of an asset. Financial leasing plays a special role in the modernization and competitiveness in the economy and job creation in developing economies .Often leasing is the only way of financing for units with financial inability to pay immediately the cost of purchasing the asset. The renter can increase its production capacity without collateral requirements, as would happen with a bank loan. While the lesser has a lower risk of business financing, because of the holds the ownership of the asset until the liability is completely settled. Also he has the ability to maintain control of his investment by regularly monitoring financial leased equipment. Leasing is a modern alternative to classic credit but can be reactivated, and a method of blocking capital (lease - back). Leasing is a way of encouraging the development of activity in some sectors. [PUBLICATION ABSTRACT]