Forecasting Leasing Portfolio Cash Flows Based on Assets Terminal Value

Master thesis is devoted to the study of forecasting leasing portfolio cash flows based on assets terminal value. The purpose of the study is to construct a model for calculation of motor transport leasing, assessment and forecasting of the cash flows from the lessors side, taking into account the residual value of the asset, transferred in leasing. The relevance of this research is to develop complex models to evaluate different leasing contracts depending on the conditions of their completion. Approach to solving this problem, applied in this study, characterizes the leasing contracts as integrated component parts. This work consists of introduction, three chapters, conclusion and list of used literature. The paper contains 9 tables, total volume is 79 pages. The bibliography includes 53 sources. The introduction describes the relevance of the topic, goal and objectives of the study, the subject and object of research, methodological base, scientific novelty and practical significance of the research. The theoretical part describes the theory of forecasting cash flows in the model of operating lease. Comparative statics is developed in the model of evaluation, which illustrates how the model can be used to determine the required parameters. The practical part presents a general model for evaluation of leasing contracts, taking into account the changing cash flows forecasts and residual value of asset leased. As a result of research done in the master thesis, an approach to determination of different models of leasing contracts is proposed, which which takes into account cash flows specific, depending on residual value. Methods of cash flow and residual value estimation, developed in the study, have shown their effectiveness in the process of computational experiment.