Top 10 Equipment Acquisition Trends for 2015, forecasting exciting predictions such as equipment and software leasing reaching an all-time high and an increase in credit supply and demand for equipment acquisitions thanks to improving market conditions.
Below are some highlights to keep in mind as 2015 continues into spring and summer. Tiger Leasing is staying on top of these latest trends to better assist businesses achieve their goals.
There will be new lease accounting standards
Soon leases will be accounted for differently on corporate balance sheets according to the International Accounting Standards Board and the Financial Accounting Standards Board.
PricewaterhouseCoopers (PWC) suggests ways to prepare for these proposed lease accounting standards in order to keep the transition smooth.
Most plant, equipment and software expenditures will be funded through financing
Think that acquiring equipment is out of your reach? According to Equipment Leasing and Finance Association, in 2015 "62 percent or $922 billion of investment in plant, equipment and software in the United States is expected to be financed through loans, leases and lines of credit." Tiger Leasing offers leasing programs that work with your business to create innovative financing solutions.
Replacing assets won’t be the only reason to lease equipment
Many industries are reaching or surpassing capacity utilization rates. This is spurring business investment, which is good news for companies looking to expand. Leasing equipment for expansion is a great way to keep up with investment growth and will certainly be something to consider.
As an independent leasing company, Tiger Leasing is ready to work with companies of all sizes, in a variety of industries, to find the perfect leasing program during these shifts and changes. With 35 years of experience, our principles have stood the test of time. If you have questions or would like to connect with us to find out how we can help you, visit our Facebook, Google+ and Twitter pages or contact us today!