2015 Equipment Acquisition Trends
A recent report indicates a steadily improving economy and favorable credit conditions will make things a bit easier for shops as they make decisions to replace or expand equipment.
Here are the top 10 equipment acquisition trends from the Equipment Leasing and Finance Association:
1. Investment in equipment and software will reach an all-time high in 2015.
2. Businesses will invest in equipment not just to replace aging assets, but also to aid in expansion.
3. While some equipment types will see strong growth, others will moderate.
4. Improving market conditions will continue to increase credit supply and demand for equipment acquisitions.
5. Eyes will be on short-term interest rate increases.
6. Businesses will use financing for a majority of their plant, equipment and software expenditures.
7. Advances in the use of technology will drive innovative financing options.
8. Several “wild cards” could impact equipment acquisition decisions.
9. Nontraditional financing will continue to grow and play a larger role in the equipment finance industry.
10. A final lease accounting standard will be released.
Click here for a video and infographic highlighting the trends.
