The Equipment Leasing and Finance Association (ELFA) revealed its top 10 equipment acquisition trends for 2021, revealing an expected investment of more than $1.8 trillion in capital goods or fixed business investment, such as trucks, this year through a majority of lease programs.
The second quarter last year was a historical low-point, but stimulus money and a resurgent freight environment (and accompanying rate spike) increased capital expenses. “The propensity to finance equipment is higher than it has been over the last two to three years as long-term interest rates have fallen sharply,” the ELFA wrote.
