Compared to the number of car leasing contracts concluded in Hungary, many more contracts were signed in Austria in the first half of 2007 than in the whole year.
While in Hungary in the first half of 2007 a total of 154,019 car leasing contracts were concluded, in Austria more than 300 thousand. And with them, year after year, approx. With 700-800 contracts the leasing portfolio is expanding and in Hungary it is decreasing. However, this increase is due not only to corporate leasing but also to individuals, as 43% of contracts were concluded by individuals, 56% by companies and 1% by the state. This also illustrates the important role that car leasing really plays in private life in a developed country. We should follow their example, but this also requires changing our mentality so that we do not want to acquire ownership of the car at all costs. The bigger problem, however, stems from the differences between Hungarian and Austrian salaries and living standards: we can only follow the example of a significant increase in Hungarian salaries, which is driven by the Hungarian economy and politics.
Which we can only indirectly intervene as individuals.
In Hungary, leasing contracts amounted to HUF 1,050 billion in 2006 (EUR 1 = EUR 250 million), while in Austria EUR 20,941 billion. In Austria, the amount of financing for car leasing itself is higher in euro than in Hungary: EUR 6,619 billion. And this value is increasing year by year, so that in the first half of 2007 the amount funded exceeded EUR 6.9 billion. All three asset groups (motor vehicles, machinery and equipment and real estate leasing) were able to grow in the first half of 2007.
To keep pace with technological progress
But real estate leasing continues to break the biggest slice on the basis of the amount financed. Machinery and equipment are up 6.9 percent when we look at annual change (followed by car leasing 4.8 percent). From this it appears that Austrian companies prefer to lease their production machines, office machines, that is, and the same is true for cars. In Hungary, a much smaller proportion of machinery and equipment is being broken.
To a much lesser extent, companies are taking advantage of leasing, not to mention individuals. It seems that the Hungarian financial culture, the money market, still has a lot to develop in order to catch up with Austria, for example.