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HVB Leasing offers online car leases

HVB Leasing has become the first company in Hungary to allow clients to take out car leases online, HVB Leasing Hungary managing director Richard Safcsák announced on Tuesday. Clients may be approved for the online leases within three days, as long as their purchases are made at a list of dealers provided by HVB Leasing. Because of the lower administrative costs of the leases, their total cost of borrowing indicator will be 3-4 percentage points less than leases organized in person. HVB Leasing signed leases for cars and equipment worth ?140 million last year, giving the company a 60% share of the leasing market. This year, HVB Leasing expects the value of assets it has signed leases for to increase to ?180 million.