Truck lease becoming more appealing option versus ownership

January 31, 2021

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.