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

For Leaseplan, this represents a decline of 120 to 130 million euros, writes the magazine Autoweek . The company launched the IPO earlier this year. According to the professional journal, one of the reasons is the negative sentiment surrounding the diesels. Leaseplan's fleet comprises approximately 100 thousand Euro 5.

A considerable portion of the monthly rate of a rental car is determined by the depreciation that the company estimates at the beginning of the term for a car

. Euro 5 and under are threatened by environmental zones in their right to exist, they are more difficult to sell after the expiry of the lease. This weighs on the price, making the depreciation higher than the leasing company had calculated in advance.

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.

A few years ago, they were very popular as a rental car thanks to an additional 14% tax. The high number of rental cars pushed prices even further.

In total, the auto leasing sector is on the rise, according to an ING survey on 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.