All articles by Jason T
Jason T
IT replacement cycles left unchanged
Data from Siemens Financial Services revealed that the average refresh periods for hardware, software and office equipment have not changed significantly in the last three years.
RVI could still be a good option
Rumours have been swirling around for some time now that residual value insurance (RVI) was going to make a comeback in the UK operating lease market.
Penske Truck Leasing to resell used CVs on eBay
Penske Truck Leasing, the joint venture between transportation services company Penske and General Electric, has announced that it will begin to sell used commercial trucks through the auction web site eBay.
Russian lessor Europlan reports sharp fall in new business
In the first six months of the year, Europlan signed 2,594 leasing agreements worth over 3.6 million (2.5 million), compared with 9,351 agreements worth $268 million in the same period last year
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Chinese construction machinery leasing boom
Financial leasing penetration rates in the Chinese construction machinery market are set to grow to 12 percent next year, according to the latest research by China Research and Intelligence (CRI). The Chinese construction machinery financial leasing market is currently only worth around $3 billion (2.1 billion), with a penetration rate of 8 percent
Carl Zeiss launches pay-as-you-go leasing scheme
Carl Zeiss, the microscopy, medical equipment and lens manufacturer, has launched a pay-as-you-go scheme for its coordinate-measuring machines (CMMs). According to the manufacturer, the scheme is more flexible than current leasing offers as it allows customers use of the machine for one year, paying only for the hours of use, subject to an agreed minimum usage.
US ELFA sees new business volume fall 35% in July
The USs Equipment Leasing and Finance Association (ELFA) showed that new business volume in July declined by 35 percent year-on-year. ELFAs Monthly Leasing and Finance Index, which reports economic activity for the $650 billion (455 billion) American equipment finance sector, also reported that month-to-month new business volume also decreased, by 7.7 percent from June to July, from $5.2 billion to $4.8 billion.
UK business confidence turns positive, GDP to rise – ICAEW
Business confidence in the UK has moved into positive territory for the first time in two years, according to the latest survey by the Institute of Chartered Accountants in England and Wales (ICAEW). The latest ICAEW UK business confidence monitor showed a record rise in confidence, from -28.2 to 4.8, the highest level since Q32007
EU Commission approves LeasePlan acquisition
The European Union has given its final approval to German carmaker Volkswagen and Dutch investment company Fleet Investments to take joint control of LeasePlan Corporation, the Dutch car lessor. LeasePlan was jointly controlled by VW and two other companies, Abu Dhabis Mubadala Development Company and Saudi Arabias Olayan Group, which are selling their shares to German investment company Fleet Investments, part of the Metzler Group.