The exchange rate gives the biggest headaches to leasing
firms’ clients, as many of them learn as late as after they
acquired the car that they are the ones who have to bear the
difference between the exchange rate at which the financer bought
the car from the dealer and the NBR’s rate of the respective day
(or the one used by the financer, depending on the firm), though
this is stipulated in all the contracts. There are a rising number
of clients who do not read contracts attentively and they do not
realise when they sign that the financing they got entails
additional expenses. Contracts stipulate that any additional
expense linked to the acquisition of a particular asset is born by
clients. Exchange rate differences can vary from several hundred
RON to several hundred euros, depending on the exchange rate and
financed value. Some clients refuse to pay these sums, maintaining
they were unaware of them, and they end up covered in debts, in the
context where they get notifications from the leasing firm, for
which they are charged 10-20 euros and overdue amounts carry late
charges.

Subiecte #exchange rate#leasing contracts