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The Equipment Leasing and Finance Association (ELFA) has released its list of Top 10 Equipment Acquisition Trends for 2016. This list is as follows:
1. U.S. investment in equipment and software will hit a new high, but moderate in growth as businesses hold back on spending.
2. End of zero interest rate policy will spur other businesses, particularly small businesses, to invest before rates go higher.
3. The growth of equipment acquired through financing will increase solidly, but more slowly.
4. Businesses will begin preparing for new lease accounting rules.
5. China's economic woes will be a global concern.
6. Equipment investment will vary widely by industry vertical.
7. Customer demand for greater flexibility and convenience will increase the use of non-standard financing agreements.
8. Low oil prices will continue to impede energy investment.
9. Eyes will be on 2016 presidential election for potential policy shifts.
10. Looming “wild cards” could influence business investment decisions.
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