Leasing jako alternatywa kredytu w finansowaniu inwestycji

Abstract

This study takes into consideration the issue of leasing as a specific form o f financing investment, which can be an alternative to a traditional bank credit. The author begins this article with some comments on the matter and kinds o f leasing and some ways how to calculate the leasing charge. Then, the authors focus on the comparison between leasing and bank credit. The comparative analysis of leasing and bank credit takes into consideration only the comparison between leasing charges (costs), generated flows and the costs o f credit and connected with them flows. However, this analysis leaves out other aspects such as possibilities o f using leasing and credit, the influence of a form of financing on the company’s situation, advantages connected with purchasing goods that had been used before on attractive conditions within the limits o f a leasing contract, etc. The issues presented in this study clarify the costs o f leasing and cash flow generated by leasing. The problems considered in this article: leasing as an alternative form o f financing investment (alternative to credit) give an opportunity to look more critically at the choice of source of financing company’s investment projects.