The terms and conditions for leasing cars for private individuals have tangibly improved as the exchange rates of hard currency in the sector have dropped to pre-recession levels over the past several months, analysts at Prostobank Consulting told KW.

Introduction of the new Tax Code has considerably improved the conditions for doing business in the leasing sector. “Operations on which interest or commissions are charged as part of leasing payments are no longer subject to VAT,” Valeriy Belkin, Head of the Tax Law Department at the ACTIO law firm told the weekly.

General Director of Porsche Leasing Ukraine Josef Graf says that when comparing auto financing and leasing, interest rates are just about the same right across the board. “Moreover, in the case of leasing, a customer has certain advantages in terms of initial costs - they are lower,” Graf noted.