Brief introduction: Financial leasing is a new financial industry integrating financing and financial services, trade and technological innovation. The following is the knowledge about its functional characteristics and financing characteristics. Welcome to read and study.

Functional characteristics of financial leasing In addition to flexible financing methods, financial leasing also has the characteristics of long financing period, flexible repayment methods and low pressure.

The term of funds enjoyed by small and medium-sized enterprises through financial leasing can reach 3 years, which is much longer than the term of general bank loans.

In terms of repayment, SMEs can choose to repay by installments according to their own conditions, which greatly reduces the short-term financial pressure and prevents the fragile capital chain of SMEs from breaking.

Although financial leasing is very suitable for SMEs to solve their own financing problems because of its low threshold and flexible form, it is not suitable for all SMEs.

Financial leasing is more suitable for small and medium-sized enterprises. Especially those small and medium-sized enterprises with good sales channels and broad market prospects, but have temporary difficulties or need to buy equipment in time to expand production scale.

trait

1. financial leasing is a transaction involving at least three parties; That is, the lessor, lessee and supplier, at least two contracts (sales contract and lease contract) constitute a self-sufficient tripartite transaction. These three parties are interrelated, and the two contracts are mutually restrictive.

2. The leased equipment is selected by the lessee, and the lessor is only responsible for providing financing convenience and purchasing equipment according to the user's requirements, and does not assume the responsibilities of equipment defects, delayed delivery and equipment maintenance obligations; The lessee shall not breach the contract and refuse to pay the rent on this ground.

3. Payment, that is, the lessor only rents the equipment to specific users during the basic lease period. The total rent charged by the lessor to users should be equal to the total investment and profit of the lease transaction, or equal to a certain proportion of the total investment, such as 80%, according to the standards of the lessor's country on financial leasing. In other words, the lessor can recover all or most of the investment in this transaction.

4. Irrevocable. For the lessee, the leased equipment is selected by the lessee according to his own needs. Therefore, the lessee cannot terminate the contract in advance on the condition of returning the equipment. For the lessor, because the equipment is purchased goods, the rent cannot be increased on the grounds of rising market prices during the lease period. In short, under normal circumstances, neither party has the right to terminate the contract during the lease period.

5. The ownership and use right of equipment are separated for a long time. The ownership of the equipment legally belongs to the lessor, and the friendship of using the equipment belongs to the lessee through Jinan.

6. The expenses of insurance, maintenance and servicing of the equipment and the risk of outdated equipment shall be borne by the lessee.

7. At the end of the basic lease period, the lessee has three options for the equipment: continue to purchase, renew the lease or withdraw the lease.

Specific characteristics

The characteristics of financial leasing are generally summarized in five aspects.

1. The leased property is determined by the lessee, and the lessor buys it at its own expense and rents it to the lessee for use. It can only be leased to one enterprise during the lease period.

Second, the lessee is responsible for the acceptance of the leased property provided by the manufacturer, and the lessor does not guarantee the quality and technical condition of the leased property.

Third, the lessor retains the ownership of the leased property, and the lessee enjoys the right to use it by paying the rent during the lease period, and is responsible for the management, repair and maintenance of the leased property during the lease period.

Once the lease contract is signed, neither party has the right to unilaterally terminate the contract during the lease period. Only when the leased property is destroyed or proved to lose its use value can the contract be terminated, and a considerable fine will be paid for breaking the contract without reason.

5. After the lease term ends, the lessee generally has two options for the lease item: to keep the lease item and to return the lease item. If it is necessary to keep the leased property, the purchase price can be determined by both parties through consultation.

Function introduction

1. financing function financial leasing is essentially for the purpose of financing and is produced to solve the problem of insufficient funds of enterprises. Enterprises that need to buy equipment can use the required equipment for production only by paying a small amount of money, which is equivalent to providing enterprises with a medium-and long-term loan.

2. Can financial leasing with promotion function be used? Rent for sale? The form of providing financial services for production enterprises. First, it can avoid excessive inventory of production enterprises, which leads to poor circulation, which is conducive to accelerating the turnover of total social funds and improving the overall efficiency of the country; Second, we can expand the sales of products and strengthen the competitiveness of products in domestic and foreign markets.

3. Investing in functional leasing business is also an investment behavior. Leasing companies have the right to choose leasing projects, and they can choose some projects with less risks, higher returns and national industries to give financial support. At the same time, some enterprises with idle funds and idle equipment can also increase their assets through financial leasing. As a means of investment, financial leasing not only makes funds special, but also improves the asset quality of enterprises and upgrades the technology and equipment of small and medium-sized enterprises.

4. Asset management function Financial leasing links capital flow with material flow. Because the ownership of the leased property belongs to the leasing company, the leasing company has the responsibility to manage and supervise the leased assets and control the flow of assets. With the continuous development of financial leasing business, equipment manufacturers can also be used to provide special services for equipment lessees, such as maintenance, product upgrading, etc., so that they can often use advanced equipment, reducing the use cost and the risk of equipment elimination, especially for equipment with high price, strong technology, rapid intangible loss or low utilization rate.

Financing characteristics of financial leasing: 1. You can get assets quickly without a lot of money.

In the absence of funds, you can quickly obtain the required assets. Financing lease set? Financing? With what? Melt things? At the same time, financial leasing makes it possible for enterprises to introduce equipment in the case of shortage of funds. Especially for small and medium-sized enterprises and start-ups, financial leasing is an important financing method. Sometimes, large enterprises also need financial leasing to solve the huge capital demand for large-scale equipment, tools and other fixed assets, such as commercial airlines' aircraft, which are mostly obtained through financial leasing.

2. Small financial risks and obvious financial advantages.

Compared with the purchase of one-time expenditure, financial leasing can avoid the burden of one-time payment, and the rental expenditure is future and phased, so enterprises do not need to raise a large amount of funds to repay it at one time. When repaying, you can use the income generated by the project itself to pay the rent, which is a future-based financing method of "borrowing chickens to lay eggs and selling eggs to pay back the money".

3. There are fewer restrictions on financing leasing.

Enterprises use stocks, bonds, long-term loans and other financing methods, which are subject to considerable qualification restrictions, such as adequate collateral, credit standards for bank loans, and government control over bond issuance. In contrast, there are few restrictions on lease financing.

4. The financing period can be extended.

Usually, the loan period of equipment is much shorter than the actual life of assets, while the financing period of leasing may be close to its full service life; And its amount depends on the price of the equipment, and there is no limit to the financing amount.

5. The burden of capital cost is high.

The rent of financial leasing is usually much higher than the interest borne by borrowing from banks or issuing bonds, and the total rent is usually higher than 30% of the equipment value. Although compared with borrowing, financial leasing can avoid the financial pressure of one-time centralized repayment at maturity, the high fixed rent also brings a burden to the operation of each period.

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