Equipment leasing rebounds
Survey results published by the Equipment Leasing & Finance Foundation
- confidence in the equipment finance market is 48.4, an increase from the July index of 45.3
- 89% of equipment finance companies have offered payment deferrals, including extensions, modifications or restructuring
- 76% expect that the default rate will be greater in 2020 than in 2019
- 81% have not furloughed or laid off employees
- 24.1% believe business conditions will improve over the next 4 months
- 13.8% believe demand for leases will increase over the next 4 months
o 65.5% believe demand will “remain the same”
- 17.2% expect more access to capital to fund equipment acquisitions
- 13.8% report they expect to hire more employees
- 31% believe that U.S. economic conditions will get “better” over the next 6 months