Recently I had the opportunity to discuss equipment and commercial vehicle financing with Allan Hirsh on AHA business radio. It was nice to see Allan who is an old friend who I used to compete against in Lacrosse over 40 years ago. We discussed the differences between bank financing and…
According to a recent FORTUNE Magazine article vehicle leasing is on the rise. Part of the recovering U.S. auto market is due to the increasing number of vehicles being leased instead of purchased outright. Lease financing has always been a strategy used to acquire luxury brands, now non-luxury buyers are…
It was a good year for the American automobile industry in 2012. Its best performance in five years. Automakers released their final figures for 2012, which totaled 14.5 million. A 13 percent increase over 2011. One of the contributing factors was the federal government’s $62 billion auto-industry bailout which created incentives to buy…
The economy continues to give mixed signals with the release of recent economic news. Factory orders fell 5.2% in August as demand for aircraft and autos declined. The weekly jobless claims report continues to provide an unclear picture. One week jobless claims decline- the next week they increase. It…
The following information is from an article posted on Leasing News by Terry Winders, CLP. Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if a company buys…
The California Air Resources Board is offering a lease-to-own financing program that encourages small-business owners to replace their older diesel trucks with cleaner new equipment. Officials said the objective is to encourage early compliance with ARB’s on-road diesel vehicle and tractor-trailer greenhouse gas regulations. “This is a program that benefits…
The Thomson Reuters/PayNet Small Business Lending Index climbed 18% in January compared with January 2011, reaching 100.8. The increase, the 18th consecutive double-digit gain, suggests small businesses are stronger than previously thought. However, the index was higher in December, as companies hurried to finish business before year-end. “It’s like a…
According to GlobeSt.com, the Financial Accounting Standards Board and the International Accounting Standards Board are moving closer, albeit slowly and with re-exposed drafts along the way, to their goal of new converged accounting standards for leases. Although the two accounting-standards setters have re-exposed a draft, thus pushing the day of…
November was a good month for commercial vehicle lease financing transactions. We refinanced 22 recently purchased heavy duty pick-up trucks for a Texas oil refinery services company. We also financed 18 new vehicles for a share ride company for $240,000 and 9 new vehicles for a drivers education school for…
Allan Levine, COO In this article, we will theorize about depreciation and pricing. There will be no mention about maintenance or other variable costs. The components of a lease finance structure are, in many ways, simple. In short, most companies (customers) have their favorite or preferred type of lease structure…
