Tuesday, January 29, 2008

Lease Financing Down in December

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index was just released for December 2007 and the numbers are down. While new equipment leasing business volume for December 2007 totaled $10.6 billion, this represents a decrease in of seven percent when compared to December 2006.

Why was equipment leasing business down?

The president of ELFA suggested a possible pullback on capital investment by businesses due to uncertainty in the economy as a whole.

Nice way of saying recession approaching quickly.

"The market is moving towards a better alignment of risk and return" according to the president of one major equipment leasing company.

Nice way of saying credit crunch not far behind.

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Tags : Equipment leasing , leasing , app only , equipment finance , ELFA

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