Many contractors are turning towards equipment leasing because it involves lower payments over time. Contractors can upgrade from old obsolete equipment models to more advanced ones and less capital is required upfront
Boston, MA (PRWEB) August 06, 2014
As the housing market continues to show signs of improvement, construction contractors and equipment suppliers remain optimistic that construction activity will continue to improve in the coming months. As a well-known provider of construction equipment leasing and financing in the United States, LeaseQ is likewise convinced that the increase in home construction permits is good news not only for the construction industry but for the construction equipment leasing industry as a whole.
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Although new construction starts continue to increase this year for both residential and non residential construction, the overall enthusiasm could be tempered by uncertain economic conditions. Regardless, based on trend data, many more contractors are willing to increase their acquisition of both used and new equipment.
LeaseQ Founder and CEO Vernon Tirey reports that the number of contractors this year who are willing to acquire equipment online has significantly increased as well. “We have continued to see a strong growth in all sectors of our construction equipment leasing business. It may be a rising tide, but it also may be due to the leasing platform here at LeaseQ.”
In the past few months, housing has become one of the strongest foundational supports for the current economic recovery despite the fact that mortgage rates have slowly been on the rise. This is good news for the equipment industry as well as construction equipment suppliers as rising new construction means rising demand for the equipment to fuel that construction.
According to Tirey, “Many contractors are turning towards equipment leasing because it involves lower payments over time. Contractors can upgrade from old obsolete equipment models to more advanced ones and less capital is required upfront.”
Tirey also added, “You need to keep in mind that the increase in home construction permits is not necessarily a prediction of the extent to which construction equipment leasing will grow. Regardless, equipment suppliers should expect to see more activity than they did in previous years.”
How LeaseQ Works
As the technology leader in online leasing, LeaseQ’s One Touch Platform runs real time, accurate personal and business credit scores with zero impact on credit rating. LeaseQ’s advances in technology allows construction businesses greater flexibility and control when shopping for the equipment their businesses rely on every day.
All potential lessees have to do is fill out information about their business and themselves using the One Touch Platform. Once they hit the “Get Quote” button, it takes less than two minutes to get a free and instant quote from reputable financing companies.
Users can compare and prioritize lease quotes by total amount or monthly payment and see in plain sight all related fees so they can then choose a plan that best suits their business and financial status.
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.