Tag: construction equipment financing

Dealers

Construction equipment financing third largest in 2019 new business volume

Construction equipment financing represented 13.6 percent of U.S. equipment financing new business volume, according to a new fact sheet issued by the Equipment Leasing and Finance Association. The sheet is based on ELFA’s 2020 Survey of Equipment Finance Activity of its member companies, which charted 2019 new business volume on capital equipment in several industrial […]

September 29, 2020

Dealers

Fecon, Verdant form dealer financing partnership

Verdant Commercial Capital will provide retail financing for Fecon equipment throughout the U.S under a multi-year vendor program. “We are looking forward to the beginning of a long-lasting relationship with Fecon while helping them and their dealers sell more equipment through financing,” says Josh Snider, Verdant relationship manager. Mark Middendorf, Fecon senior vice president, says the agreement […]

July 21, 2020

Dealers

Which construction equipment makers are offering deals and coronavirus loan relief?

Can shell-shocked contractors be prompted to buy in these uncertain times? The financing challenge is actually two-fold, says David Sutton, president, Kubota Credit. “We want to help the dealers attract and incent customers to buy and we want to make sure the customers we have are comfortable with their current loans.” “We’ve taken very proactive […]

April 20, 2020

Dealers

3Q ’19 Financed Construction Equipment: Compact excavators grew the most, CTLs still dominate

Compact excavators led all types of financed new equipment in year-over-year 3Q growth, growing 14 percent, according to UCC-1 data from EDA. Other equipment types showing 3Q growth over 2018 were new compact utility loaders (up 7 percent); compact track loaders or CTLs (up 4 percent); excavators (up 4 percent); and backhoes (up 2 percent). […]

December 9, 2019

Dealers

IronPlanet buyers now have access to Ritchie Bros. financing

Auction giant Ritchie Bros. says its financial services are now available to customers of IronPlanet, which Ritchie bought this year. IronPlanet’s customer base can now access LeaseFlex and PurchaseFlex financing, which Ritchie Bros. Financial Services (RBFS) says offer more flexibility and convenience compared to traditional bank financing. The easier process can help buyers get quicker […]

October 20, 2017

Business

Confidence in heavy equipment financing market drops

Confidence in the equipment finance market declined slightly from April to May, according to the Equipment Leasing and Finance Foundation’s Monthly Confidence Index. The foundation, a non-profit that conducts research on the equipment leasing and finance industry reported a 67.5 index, which is slightly lower than the April index of 70.7. The index is determined […]

May 21, 2015

Business

Confidence in equipment finance sector falls in December

According to the latest Equipment Leasing and Finance Foundation (ELFF) Monthly Confidence Index, executives in the equipment finance sector are uncertain at best about the state of the economy and the next quarter of their business. The December 2013 Monthly Confidence Index fell to a 55.8 from the November index of 56.9. According to the […]

December 20, 2013

Roadbuilding

Equipment finance market on rise for third straight month

The Equipment Leasing & Finance Foundation released the February 2013 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) on Feb. 22, which indicated that overall, confidence in the equipment finance market is up for the third consecutive month at 58.7, an increase from the January index of 54.2. The index reports a qualitative assessment […]

February 25, 2013

Business

Equipment finance industry improves in October

The Equipment Leasing & Finance Foundation‘s October 2011 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), released Oct. 21, shows that confidence in the equipment finance market is 50.7, up from the September index of 47.6, indicating some respite from the concerns about the global economic situation, according to the Foundation. Designed to collect […]

October 25, 2011