UniCredit Fleet Management: We will reach 1,500 vehicles

UniCredit Fleet Management, the operational leasing division of the UniCredit group, which started operating in April 2007, now manages a 1,000-vehicle fleet, with their acquisition value amounting to around 10 million euros. “By the end of the year, we want to reach a fleet of at least 1,500 vehicles. While for financial leasing, demand has gone down, it is going up for operational leasing, because this is a product suited for hard times, it is a fixed expense in a company’s budget,” says Adrian Petcu, general manager of UniCredit Fleet Management. Operational leasing more or less amounts to renting the vehicle. It differs from financial leasing in that the instalment paid by the client includes fleet maintenance costs, insurance costs, the ‘rovinieta’ (road tax), road assistance and other costs that have to do with vehicle administration. The instalment paid for operational leasing is fully deductible, while for financial leasing, only the VAT and the interest rate are deducted.