It is accepted to consider the date of leasing birth is 1954 when usual rent has received an additional feature - an opportunity to use accelerated amortization for leased assets in order to tax lessee.

All history of leasing development in the West shows that the accelerated amortization with a view of the taxation is one of the main attributes, distinguishing usual rent from leasing. Lease accompanied by the accelerated amortization allows the leasing companies "to transfer" benefit of the accelerated amortization to lessee that is expressed in reduction in financial leasing costs.

On the one hand, the accelerated amortization allowed to optimize the taxation of lessor during leasing contract, and on the other hand, at the end of contract there was no additional taxation at property transfer of the lessee as the equipment was completely amortized. The institute of the accelerated amortization has lain in a basis of creation of leasing as such, and also has made leasing competitive in comparison with usual rent or the credit.

In Ukraine financial rent has appeared much later - in the beginning of 90th years. Therefore the history of leasing in Ukraine totals only one and a half ten years while in the West - there is more than half-century. Nevertheless, in our country more and more enterprises have already estimated advantages of leasing.

The history of leasing relations is more than 4 thousand years old. It is rich and various, as well as a history of the mankind. Here are some facts about leasing factors:

• Historians have found the first rent contracts in Southern Dvureche (territory of modern Iraq). They were written on the clay tablets dated on 2000 up to AD. Basically ancient shumers rented agricultural stock (102 agricultural instruments), the grounds, water sources and animals.
• Rent of the ground, domestic cattle, the equipment were also widely applied in other ancient civilizations - in Greece, Egypt and Rome.
• In the XI th. century Norman and Norwegian ship owners leased ships in the military purposes, and in Venice a subject of such bargains were cast-iron anchors.
• During many centuries elements of leasing relations were successfully applied in the Great Britain where for their realization the first acts were accepted by the Charter of Wales, England 1284, according to which leasholders rented the grounds of landlords on very heavy conditions - the size of a rent and term were determined by land owners.
• In USA the first contract of rent on transfer of using horses, vans and carriages was registered in the beginning of XVIII century.
• With the help of leasing from the end of the XIX century they began to solve not only questions of expansion of sales volumes, but also protection "know-how" (company "Bell" at sale the telephone sets since 1877, company "Hughes" - 11-faced drill)
• Operational leasing as the form of the lease agreement appeared in the beginning of XX century when some American companies began to offer contracts on using cars with short validity on ending of which cars should come back to lessor who reserved the right of the proprietor.
• Almost in the same time the company Drive-Your-Self began to lease automobiles. A little bit later, in the 40th years long-term rent of automobiles was offered for the first time. And the seller of automobiles from Chicago Zoly Frank has thought up to rent not one, and the whole park of machines. Today this person name called «the father of modern auto leasing».
• During the Second World War leasing became widely widespread means of financing of deliveries of the equipment due to the means given within the framework of the governmental contracts. The law about land-lease March, 11, 1941 was accepted, standard items on land-lease have made 49, 1 billion dollars (military engineering, the equipment having dual application both in militaries, and in the civil purposes, both materials and raw material etc.)
• In Russia feudal rent of the ground is known from XV century. There was both individual, and a collective form which represented rent of the communal ground more often. Sublease, when peasants "rerented" the ground areas took place also.
• During Russian empire Menshikov and Demidov handed over in financial rent factories, mills, oil-mills.
• In the USSR leasing operations took place at the end of 60 - the beginning of 70th years also. It were rather small contracts by the amount, providing rent of machine tools, blacksmith’s - press, the energy, transport equipment, computer facilities, sea courts, aircraft technicians, cargo motor transport.