The Equipment Leasing and Finance Association has released its Monthly Leasing and Finance Index. The report, which shows economic activity from 25 companies from the equipment finance sector, showed that the Monthly Confidence Index decreased from an April index of 59.1, to a May index of 55.1. Many analysts attribute the declining levels to a combination of economic and political instability.
Despite the declining confidence index, demand for capital equipment is remaining steady. This coupled with relatively low interest rates makes it a good time to acquire equipment. Financing remains the best option for business owners who need to purchase equipment yet do not have or want to use existing capital. It allows businesses to preserve cash in this relatively unstable economic time.
“The demand for capital equipment financing has been strong through the first two quarters of the year, and we only expect it to continue to grow moving forward,” said Mike Lockwood, President of TEQlease Capital. “Equipment lease financing offers the perfect solution to business owners needing to expand yet that are uncomfortable paying up front the full cost of equipment during this uncertain economic time.”
Want to find out if lease financing is right for you? Call us at (818) 222-1006 to learn more or to receive a free quote on your next equipment purchase.
TEQlease Capital provides equipment lease financing solutions for businesses and educational institutions in the United States. TEQlease Capital also offers equipment vendor lease finance programs across all industries. To learn more about TEQlease Capital, visit our website at www.TEQlease.com.