LEASING APPLICATION AS ALTERNATIVE CREDITING FORM

The concept "leasing" is covered in this article. Its role in modern managing conditions and leasing transaction essence is shown. Main types of leasing companies existing today in Russia are allocated. Since the fact that financial leasing is considered one of financial loan options and characterizes credit relations which are connected with its functioning and management peculiarities, efficiency evaluation of leasing transaction is carried out by actual cost cash flow comparison method in case of leasing transaction with cash flow by a similar type of bank crediting. As a result of carried-out leasing and bank loan comparison leasing benefits before the credit. And it is proved that leasing is more convenient and cheaper than credit because it demands smaller guarantees from entities and it is simpler to arrange. Leasing reduces taxable profit, property tax and accelerates a value added tax return. Key risks which organization can face during leasing agreement are considered. The most significant lessee risks are marked out; their share in total amount of risk portfolio is shown. Lessor and lessee risk differences are shown in this paper: lessor is more subjected to financial risks and lessee to property and responsibility risks. Specified risks reducing ways are also described: checked property supplier search and obligatory assessment of technical equipment characteristics. Careful criteria check specified in purchase and sale agreement is done. Ways of leasing market development in Russia at present are designated.

лизинг, финансовый лизинг, лизинговое финансирование, лизингодатель, лизинго-получатель, лизинговая компания, лизинговые платежи, лизинговые взносы, банковское кредитование, риски, leasing, financial leasing, lease financing, lessor, lessee, leasing company, leasing payments, leasing fees, bank crediting, risks

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