Boston, MA (PRWEB) December 16, 2013
Just last week, the big three automakers reported better-than-expected November 2013 sales. The Chrysler group even called it the best November since 2007. Ford Motor Company reported equally strong sales in November including a 17% growth in truck sales. Some economists believe strong truck sales figures indicate a small ticket equipment industry rebound is underway. This bodes well for the $725 billion equipment lease and finance industry.
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The recent sales data shows that the auto industry is now running at its strongest pace in more than six years, partly aided by Black Friday sales promotions. Automobile sales showed a strong increase, but in particular was a strong uptick in the sale of trucks. Dave Winslow, chief digital strategist for Dealer.com says he is seeing increases in dealer interest in trucks across all brands, suggesting that truck sales are expected to remain high throughout the rest of the year and into 2014.
This is good news for the economy as a whole since tradespeople have largely delayed truck purchases over the last several years – with this recent sales data possibly indicating that the logjam is starting to clear. And when small and medium-sized businesses begin to open up their purse strings, this bodes well for the small ticket equipment industry as a whole. If the strong truck sales data is any indication, heavy machinery used in the same trades may be next on the Christmas wish list for many of these same small business owners.
Truck Purchases May Indicate Continuing Small Business Expansion
When tradespeople and businesses are purchasing more trucks, other types of equipment acquisitions are typically not far behind. Acquisition through equipment leasing is one of the most popular methods for businesses to acquire the equipment they need to grow and run their businesses.
As a $725 billion industry, the equipment lease and finance sector has an enormously powerful effect on the American economy. And leasing equipment is utilized by companies of all sizes – especially small businesses. Although some small business owners may not fully realize that they too can realize the benefits of equipment leasing, many small businesses and tradespeople are reversing this trend by pursuing equipment leasing instead of extinguishing cash reserves with cash purchases.
Equipment leasing for tradespeople is a powerful tool to acquire the best equipment available, especially when finances are tight. Vernon Tirey, the Founder and CEO of equipment leasing and financing marketplace LeaseQ states, “For many small business owners and tradespeople, acquiring new equipment for their business typically means a large outlay of cash - which when depleted, puts these business owners in a precarious financial position. Whether the business is construction, pipefitting, landscaping, masonry or any other trade business, leasing instead of purchasing equipment is a far more financially advantageous option.”
For the tradesperson or small business owner, the benefits of leasing are many. Continued Tirey, “Money for truck financing is available today so equipment leasing offers the benefits of minimal costs while freeing up cash reserves for marketing, hiring new employees, renovating the company location or for any other cash-intensive business activity. But when small business owners utilize leasing as a means of acquiring the equipment they need to run their small business, this gives them the opportunity to use state of the art equipment – the kind of equipment which may be out of reach for them if it were purchased outright.”
The groundbreaking lease and finance marketplace platform at LeaseQ.com allows businesses to shop for the leasing plans that best suits their needs while qualifying for financing from leading finance companies. The easy to use platform compares the best rates and terms that best fits a business’s needs and budget. The LeaseQ One Touch platform can also run real-time personal and business credit scores without impacting the business owner’s personal credit. This fast and easy process means that business owners can come back over and over with no impact on their credit rating. The LeaseQ One Touch platform is not only fast and simple, but perhaps best of all, it’s 100% free of charge.
Based in Woburn MA, LeaseQ is one of the leading providers of equipment leasing and financing options in the country. Try their online leasing and financing platform by visiting them online at https://www.LeaseQ.com.