LONDON, March 15, 2016 /PRNewswire/ -- This market insight analyses the company car market in Finland i.e., the financial lease, operating lease and outright purchase of passenger vehicles and light commercial vehicles (LCV). The study analyses the Finnish environment for the growth of the vehicle leasing market, on the basis of historical data and current market conditions. The research finds that there were more than 66,000 vehicles (passenger vehicles and LCV) leased in Finland in 2014. Operating lease contributed to more than 70.5% of the total vehicle leasing market and is expected to be the key growth driver. In addition, this research service discusses the fleet leasing penetration in company car market, and taxes and accounting standards for vehicle leasing, market drivers and restraints, and fleet and leasing suppliers' market share.
Fleet and Leasing Market: Key Takeaways, Finland, 2014
Retail sales accounted for % of new registrations. The fleet market is holding its share in spite of fleet reductions by some corporate customers and the public/municipalities sector.
The passenger vehicle company car new registrations are evenly split between leasing and outright purchase. Operating lease is the preferred leasing funding method with more than vehicles leased in 2014.
Outright purchase dominated the LCV company car new registrations with a market share of % in 2014. In the LCV lease market, operational leasing is favored over financial leasing.
The Finnish market prefers operational leasing over financial leasing. % of the total vehicles leased are under operating lease. The operational lease segment is dominated by independent leasing companies like ALD Automotive and LeasePlan.
The Finnish Accounting Act does not distinguish between an operating and finance lease. This makes it complicated to draft a leasing contract between the lessee and the lessor.
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