An economist once said: "Modern leasing will be an inevitable outcome of China's economic development." Leasing relies on the unique attributes of separation of property rights and tenure rights, and its huge financing, financial management and promotion that cannot be replaced by other industries. The functions are fully adapted to the special needs of economic development. In countries with developed market economies, the construction machinery leasing market has become one of the most important markets for leasing in various countries. Due to the huge development potential of the leasing industry and the rapid profitability, the foreign construction machinery leasing industry is highly competitive.
In April 2005, Far East International Leasing Co., Ltd. (hereinafter referred to as “Far East Leasingâ€) appeared at the venue of the 9th China International Machine Tool Show (CIMT2005), officially testing the financial leasing services of the water machine tool industry. After nearly three years of market development, although its machine tool rental assets are still small, it has occupied 70% of the domestic machine tool rental market. In terms of marketing, Far East is actively cooperating with the website, extensively contacting machine tool manufacturers, agents and intermediaries, and has achieved good economic benefits in the “funding†market, which is in short supply and has little competition. At the same time, the Far East machine tool rental brand It has also occupied an important position in the industry.
Fang Weihao, deputy general manager of Far East International, analyzed the advantages of Far East Leasing's humanized machine tool leasing service. “The machine tool industry financial leasing is a machine tool procurement financing business for manufacturing SMEs. For customers when purchasing machine tools, due to large investment, Financing difficulties, the Far East Company replaces the customer to pay the machine tool loan to the machine tool supplier in full. The customer only needs to pay 30%~40% down payment to the Far East, and then repay the remaining amount by the annual mortgage. During the lease period, the customer saves the loan, and the customer Part of the interest is paid. The customer belongs to the Far East Leasing Company before the customer repays the full loan. The Far East Company will hand over the purchased machine tool to the customer in the form of leasing. After the customer passes the loan, the machine tool is owned by the customer.
The Far East Company has built a financing bridge for equipment vendors and end-users with the strength, wisdom, and thoughtful service of the company. When China urgently needs to start manufacturing financing leases, it has resolutely entered the machine tool field, competing with foreign industry. Pressure, the first person to eat crabs, opened the door to financial leasing for Chinese machine tools.
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