Those who say this must not really understand financial leasing. By separating the right of ownership and the right of use, financial leasing reduces the dependence on the credit of the lessee through the unique operation method of achieving the purpose of financing by means of financing, and can even be operated independently without taking the credit of the lessee into consideration by utilizing technical means. Especially when the credit environment is not good, it is a good time for financial leasing to give full play to its specialties. Of course, the improvement of credit environment will simplify the operation of financial leasing and accelerate the popularization of financial leasing. Financial leasing companies with strong expertise rely mainly on technical means to solve credit problems.
Financial leasing is financial leasing
It is in foreign countries, not in China. If it is right from the business point of view, it is not necessarily right from the point of view of the organization. China's "financial leasing company management measures" stipulates: without the approval of the People's Bank of China (this site note: now the China Banking Regulatory Commission), other companies shall not have "financial leasing" in the name of the word ". This regulation does not have much effect, there has been approved by the Ministry of Commerce of the financial leasing company to change its name to financial leasing company.
Financial leasing can accelerate depreciation
There is no relationship between the lease period and the depreciation period; the former is agreed upon by the parties, and the latter is stipulated by the state. Although they match reasonably in the calculation of rent has a tax-saving function, but never therefore can accelerate depreciation. Unless there is a documented condition that allows for a shorter depreciation period based on the length of the lease. According to the current policy not through the lease, the enterprise can also independently choose the fast depreciation method, but the depreciation period can not be shortened. If through financial leasing and enjoy the "notice on the promotion of technological progress of enterprises related to financial and tax issues," the principle of the shorter of the lease term and depreciation period, before you can say that through financial leasing can accelerate depreciation, and is to shorten the depreciation period of the kind of acceleration.
Financial leasing is a loan in disguise
The lessee does not get a penny from the lessor (except for leaseback), but always in accordance with the bank's lending standards and leasing companies to talk about leasing. The leasing company treats the lease as a loan, ignoring the risk control of the trade link, when there is a delinquency, reneging on the debt, because of the loss of the right of property, also like a loan, it is easy to lose the claim.
Financial leasing can be off-balance sheet financing
Forget the relevant provisions of the "Business Accounting Standards - Leasing" on leasing disclosure. Don't interpret off-balance sheet financing as "off-balance sheet financing", besides, the lessee has not financed the funds. It's more like "off-balance sheet financing".
Financial leasing can be reasonable tax avoidance
Different forms of leasing, according to state regulations to bear different taxes. In this tax less, in that tax more. In the early stage of less payment, in the late stage will have to pay more. Although it is a replica of the "three twilight four" allusion, but the time value of the tax and payment changes, or to bring some benefits to the enterprise. But this is not "tax avoidance". If this is the case, the financial leasing industry do not do anything, has been developed by giving others to avoid taxes.
Financial leasing is a financial business
Financial leasing is essentially a form of trade in services. Although the way in which the rent is calculated using financial methods, if the leased assets can not enter the capital market, the leasing company can only use their own funds to carry out business, then there is no financial connotation. Secondly, even if the financial business leasing company is also doing the borrowing business rather than lending business. It is because of this misunderstanding, so there is a regulator only borrowers as lenders regulatory jokes.
Doing financial leasing need to set the threshold of entry
If you want to do the computer or copier financial leasing business probably need 500 million of capital to do. How many kinds of industries and how many types of equipment of different sizes are there in the country that cannot use financial leasing to sell their products. If raising the financial leasing threshold is done to address the historical baggage of leasing companies. The result is more than 20 years more than 10 years so far not approved a new financial leasing company, 16 financial leasing company only 6 left without shutting down. Whether the threshold is still needed in the future depends on the Financial Leasing Law, the current draft for comment provides for a registered capital threshold of 50 million yuan.
Financial leasing needs to be strictly regulated
Leasing is a marginal industry, who wants to independently regulate is not realistic, nor is it an example. Single-sector regulation is the more management the more chaotic. Because cross-border regulation is neither realistic nor legally supported. The more stringent regulation, the more dare to use the name of strict regulation to confuse the contributors. And there is no strict regulation, there is no opportunity to operate in violation of the law, there is no opportunity to be strictly regulated in the name of money. Or to be precise: not to the contributors to give other people's money irresponsibly to the leasing company, but also the excuse that the leasing company has strict regulation.
Operational leasing and financial leasing are two different types of leasing
When the experts did not get it right, the whole industry was misled. It seems that the traditional leasing business has been conventionally called operating leasing. The entire leasing industry operates in chaos, formulates policies in chaos, and has been delayed in chaos for 26 years without making significant progress.
Financial leasing is more expensive than loans
Leasing and loans are two completely different transactions, due to the lessor's misguidance, the lessee also leasing as a loan, in the calculation of the loan is always compared. No one considers the opportunity cost of that big, with their own conditions can be financed from the bank. If the cost of the subterfuge is included, the time and material resources consumed, who has a high cost in order to make the final judgment.