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Special Report: The Top 10 Equipment Acquisition Trends for 2014
The Equipment Leasing and Finance Association (ELFA) has revealed its Top 10 Equipment Acquisition Trends for 2014. Given that U.S. businesses, nonprofits and government agencies will spend in excess of $1.5 trillion in capital goods or fixed business investment (including software) this year, financing more than half of those assets, these trends impact a significant portion of the U.S. economy. Businesses will need to consider a dynamic environment of economic growth, wider credit availability, and favorable interest rates in their equipment acquisition decision-making.
ELFA President and CEO William G. Sutton, CAE, said, “For a majority of U.S. businesses, equipment financing is a critical source of funding, helping them to acquire the equipment they need to operate and grow. Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. To assist businesses in planning their acquisition strategies, we have distilled recent research data, including the Equipment Leasing & Finance Foundation's 2014 Equipment Leasing & Finance U.S. Economic Outlook Report, industry participants' expertise and member input from ELFA meetings and conferences to provide our best insight for the Top 10 Equipment Acquisition Trends for 2014.”
The Trends
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