We anticipate increased volume for equipment leasing in 2014, but potential threats exist in the secondary markets that we need to be aware of, including heightened government regulation of the industry.
Boston, MA (PRWEB) March 13, 2014
According to a recent survey by ELFA, construction, energy and trucks/trailers are proving to be the hottest equipment sectors so far this year. The results were released at the Equipment Leasing and Finance Association’s 26th Annual Equipment Management Conference, Feb. 23-25 at the Arizona Biltmore Hotel in Phoenix, AZ. The much anticipated survey revealed industry outlook for 15 equipment sectors and is typically a high point of the annual event.
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The “What’s Hot/What’s Not” Equipment Leasing Trends Survey is showing its fourth year of positive results following two down years with extremely negative findings. The results show continued momentum for many different equipment types and the results bode well for the industry.
Vernon Tirey, the Founder and CEO of equipment leasing and financing marketplace LeaseQ concurs with this trend stating, “The ‘What’s Hot/What’s Not’ Equipment Leasing Trends Survey indicates that we are past some of the very difficult times our industry has faced in the past few years. We are seeing far less volatility within the industry as well as increased demand for equipment leasing through our platform.”
Tirey continued, “We anticipate increased volume for equipment leasing in 2014, but potential threats exist in the secondary markets that we need to be aware of, including heightened government regulation of the industry.”
As a $827 billion industry, the equipment lease and finance sector has a powerful and far-reaching effect on the American economy. Equipment leasing and financing is utilized by companies of all sizes – including Fortune 500 companies as well as thousands of small businesses. Although some 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.
The recent survey findings show that the equipment leasing industry is now running at its strongest pace in years. As one of the hottest sectors in the survey, construction equipment leasing has showed a particularly strong increase, which LeaseQ’s Tirey has seen firsthand. He said, “There’s no doubt the construction and trucks/trailers sectors are strong right now, we are seeing it in our volume trends as well.”
Leasing and Financing Is Easier Than Ever Now
The free online platform at LeaseQ helps businesses find the best equipment financing lenders, rates and plans by working with the leading financial services companies in the US. Even for new businesses and businesses with challenged credit, LeaseQ is able to find the best financial solution to suit almost any financial situation.
Said Tirey, “When a business leases through LeaseQ, our platform enables them to save thousands of dollars and valuable time by simplifying and oftentimes complex process. The business owner benefits by acquiring the equipment they need with affordable financial terms. And of course the equipment dealer benefits as well – enabling them to sell more equipment. At the same time, the financing lenders get highly qualified lease and loan applications. It’s a true ‘win – win’ for everyone involved”.
LeaseQ’s One Touch Platform runs real time, accurate credit scores with zero impact on the business owner’s credit rating. LeaseQ’s advances in technology affords business owners greater flexibility and control when shopping for the equipment they rely upon every day. Best of all, the LeaseQ One Touch 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.