“Contract Purchase” is a form of leasing popular in the UK for financing cars. This service is seldom used by companies. When individuals use the service it is called “Personal Contract Purchase” or “PCP”. This financing service strongly resembles “financial leasing with residual value”. The contract stipulates an initial installment. Typical duration is between 24 and […]
Hire Purchase
A type of leasing popular in the UK and a few smaller European states. It is almost identical with “Financial Leasing” or “Contract Purchase”. “Hire purchase” is used mainly for vehicles and equipment, while “Financial Leasing” is used also for real estate. Hire Purchase contracts emphasize the obligation to purchase the leasing asset at the end […]
Insurance company
The insurance company is a specialized and licensed entity which offers insurance cover to various risks. This underwriting is effected through an insurance contract – i.e. the insurance policy. As lessors prefer to have full insurance coverage on their lease assets, the insurance companies become an important partner to each leasing deal and respectively the […]
Insurance density
The insurance density is the average amount spent on insurance by a person in a given territory. It is calculated by dividing the gross written insurance premiums of a country (or other areas) for a given period (usually one year) by the population of the country. The ID of Europe for 2018 was EUR 2.170, […]
Insurance penetration
The insurance penetration is a percentage ratio calculated by dividing the gross written insurance premium (GWP) to the gross domestic product (GDP) of a country (or other areas) for a certain time period (usually for one year). This ratio shows how much a given society allocates for covering the various risks which surround it, or […]
Insurance premium
The insurance premium is the sum of money paid for activating an insurance policy and covering certain risks for an asset. It is usually quoted as a percentage of the value of the asset and the risks which are covered by the insurance policy. The amount/percentage of the insurance premium is closely linked with the […]
Договорна покупка /Contract Purchase/
Договорната покупка е вид лизинг, който е популярен във Великобритания за финансиране на автомобили. Услугата се съкращава на CP и се използва от фирми. Когато физически лица ползват услугата тя се нарича „Лична договорна покупка“ /“Personal Contract Purchase” или “PCP”/. Тази финансова услуга силно наподобява „финансов лизинг с остатъчна стойност“. Договорът предполага встъпителна вноска. Обикновената […]
Договорна покупка /Contract Purchase/
Договорната покупка е вид лизинг, който е популярен във Великобритания за финансиране на автомобили. Услугата се съкращава на CP и се използва от фирми. Когато физически лица ползват услугата тя се нарича „Лична договорна покупка“ /“Personal Contract Purchase” или “PCP”/. Тази финансова услуга силно наподобява „финансов лизинг с остатъчна стойност“. Договорът предполага встъпителна вноска. Обикновената […]