Tax-Oriented Leases up 5.1% in 2019! NBV by Financial Product Category
Source: 2020 Survey of Equipment Finance Activity, www.elfaonline.org/SEFA.
According to the Survey of Equipment Finance Activity Interactive Dashboard, 2019 delinquencies normalized back to 2017 levels. There was a hiccup in 2018 and delinquencies are still slightly lower than 2017.
See details at www.elfaonline.org/data/MLFI
Will Default Rates Rise in 2020?
56% of equipment finance executives expect the default rate will be greater in 2020 than in 2019, according to 76 survey responses collected from Oct. 1-12 for the Foundation’s monthly COVID-19 Impact Survey of the Equipment Finance Industry. The good news: that percentage is down from 82% in June. Access survey highlights and comments from the survey respondents at www.leasefoundation.org/industry-resources/covid-impact-survey/.
Growth on the Horizon
A number of equipment verticals show investment improving over the next 3-6 months in the Foundation’s November Equipment & Software Investment Momentum Monitor. Markets eyed for investment growth include agricultural machinery, other industrial equipment, medical equipment, railroad equipment, trucks, computers and software. See the full picture at www.leasefoundation.org/industry-resources/momentum-monitor/.