"Used diesel leased cars are a problem for leasing companies" NOW

For Leaseplan this means a decline of 120 to 130 million euros, writes AutoWeek on Wednesday. The company has postponed an IPO scheduled earlier this year. According to the professional journal, one of the reasons is the negative sentiment surrounding the diesels. Leaseplan's fleet includes around 100,000 Euro 5 diesel

A considerable part of the monthly price of a rental car is determined by the depreciation that the company estimates at the beginning of the period for a car.

Because diesels with Euro 5 and lower are threatened by environmental zones in their right to exist, they are harder to sell at the end of the lease. Impairment

According to Automotive, more than 73,000 diesel cars are leased for which a combined impairment loss of 162 million euros is imminent. An additional problem is that there are many economical diesel engines on the market.

These were thanks to the aggregation of 14 percent a few years ago to know very popular as a rental car. The large number of old rental cars pushed prices even further.

In total, the car leasing sector is up, according to a survey of ING Wednesday. In addition, the number of rental cars has increased by almost 10% last year. The economy is picking up and, as a result, there is again a budget for new business cars.