Tag: equipment financing

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

Dealers

INFOGRAPHIC: Dozer sales and buyer trends

July 21, 2016

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

Construction Equipment

FLEET PROFILE: The top equipment and brands financed by sewer/water contractors in the last 5 years

Sewer/water contractors finance a wealth of equipment, but typically favor excavators, backhoes and wheel loaders, according to information from Equipment Data Associates. Here are the details: Types of equipment As they were with excavation and road building contractors (reported in February and March), excavators are the top financed machine of choice in the sewer/water segment […]

May 6, 2015

Construction Equipment

GE Capital expands equipment financing program for dealers looking to grow their rental fleets

With equipment rentals showing growth in each of the last three years, GE Capital is hoping to boost expected continued growth in coming years even further with an expansion of its equipment financing program for dealers looking to grow their rental fleets. Though most dealers pay cash for equipment that costs less than $10,000, Jim […]

January 30, 2014

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

Construction Equipment

Financed equipment volume down 6% in February

Overall new business volume in heavy equipment financing was down 6 percent annually to $4.7 billion in February, according to the latest data from the Equipment Leasing and Finance Association. The ELFA’s Monthly Leasing and Finance Index reports activity from 25 companies and showed a month-over-month decrease in new volume of 20 percent from January. Year […]

March 26, 2013

Construction Equipment

On Record

As the equipment ages…   By Marcia Gruver Doyle   When reviewing the responses to our latest equipment strategies survey, I was struck on how similar the answers were to last year’s survey. It appears that equipment owners are holding steady in their equipment management and acquisition plans: buying plans were modest, with small increases […]

August 6, 2012

Roadbuilding

New, Used, Rental

As most contractors enter their fourth year of uncertain work, equipment choices become more critical. Some key factors to consider as you determine your 2012 equipment strategies:

February 27, 2012

Business

Schwarze, Wells Fargo offer financing program

Schwarze Industries has teamed up with Wells Fargo Equipment Finance Inc. (WFEFI) to offer a new financing program for Schwarze sweeping and road maintenance equipment. Financial product options with the new program include equipment loans, terminal rental adjustment clause (TRAC) leases, and municipal equipment financing. Terms range in length from 36 to 60 months, and […]

November 15, 2010