We in the equipment leasing sector remain optimistic for the long term prospects of the industry and the American economy in general, and current trends are proving us true.
Boston, MA (PRWEB) November 13, 2014
In light of recent industry statistics, as well as coming off its best month to date as a company, equipment leasing and financing marketplace LeaseQ announced that the future of equipment leasing appears to be extremely positive. As the premier online marketplace for equipment leasing and financing for companies of all sizes, LeaseQ is particularly sanguine on the prospects for the future – especially in light of recent data released by the Equipment Leasing Finance Foundation.
For over two decades, the Equipment Leasing and Finance Foundation has been offering businesses a detailed look into how companies spend their capital on newly acquiring equipment, as well as help to measure the level of faith financial experts have in the economic feasibility of equipment leasing and financing. The Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) is a rating of what executives believe as far as the present and future state of equipment leasing.
For years, equipment leasing and financing companies have been providing businesses of all sizes with the best deals possible on equipment acquisition, allowing them to acquire reliable equipment at a reasonable rate, and the results are showing. The MCI-EFI is at 60.4 for the month of October, improving on the 60.2 rate of September and the 58.9 rate of August.
According to the MCI-EFI, 23% percent of executives believe conditions will improve over the next four months, and 25.7% believe that more businesses will get a lease or a loan to fulfill their needs over the next few months. Overall, 34.3% of the executives believe that spending will be increasing amongst their companies over the course of the next half- year.
This level of confidence provided by the MCI-EFI can give business owners extra incentive to lease and finance the equipment they need and LeaseQ is seeing it in robust demand for its services.
When asked about the future of leasing, Vernon Tirey, CEO of LeaseQ, said, “We in the equipment leasing sector remain optimistic for the long term prospects of the industry and the American economy in general, and current trends are proving us true. Firms are operating at a higher capacity, which could signal even more of a rise in equipment demand over time.”
As far as his own company is concerned, Tirey commented, “Here at LeaseQ, we’ve been doing exceedingly well as of late connecting potential lessees with equipment leasing and financing options that suit their needs. We’ve had an exceptional year so far, and we’re looking forward to what the future has in store for us.”
Equipment leasing has always been an effective option for businesses for decades, allowing a wide collection of companies to get the equipment they need without having to worry about high, up-front payments or harsh interest rates. Many newer businesses lease their equipment because leasing allows them to not exhaust their capital too on-hand, while more experienced businesses will lease at least a percentage of their equipment acquisition. The trend is clearly for more equipment leasing and less outright purchases.
For more information about how leasing can provide your business with an edge visit:
About the Equipment Leasing and Finance Foundation
Established 25 years ago, the Equipment Leasing and Finance Foundation is a non-profit organization providing in-depth research on the state of the equipment finance industry, showing both current trends as well as the prospects in the future. Their analysis is designed to give business owners the information they need to make smart, executive decisions for their company. Visit them at http://www.leasefoundation.org
Through their online platform, interested lessees can find equipment financing and equipment leasing options that suit their current financial situation. LeaseQ connects hundreds of independent equipment leasing companies, regional and local banks and international financial services companies with potential lessees.
Leasing at LeaseQ is quite easy. Lessees only have to fill in basic company and personal information. Once they hit the “get quote” button, LeaseQ will run a soft credit inquiry, which has zero impact on, an applicant's credit score. The entire process is free and it takes less than two minutes to get a pre-qualified quote.
Based in Woburn, Massachusetts, LeaseQ provides countless businesses with quick, easy financial solutions, connecting lessees to finance companies. LeaseQ is considered one of the best in providing you an instant leasing quote from finance businesses in a wide variety of fields. Visit them at https://www.leaseq.com