In the Market for New Equipment?
Well, I came across 10 trends in equipment acquisition identified through some industry research, which I think may help with your 2013 technology purchasing strategies.
Well, I came across some trends in equipment acquisition that were identified through industry research, which I think may help with your 2013 technology purchasing strategy. The Equipment Leasing and Finance Association (ELFA) which represents the $725 billion equipment finance sector, shares its Top 10 Equipment Acquisition Trends for 2013.
1. Corporate perceptions of the economic outlook will be a primary driver of business investment decisions. Despite pressing considerations such as technological innovations and aging equipment, the economy will be the true barometer for whether or not businesses acquire new equipment in 2013.
2. Equipment investment will pick up in the second half of 2013. Equipment investment will grow this year, although the rate of growth will be hampered by fiscal uncertainty.
3. Pent-up demand will spur investment across varied equipment types.
4. A continuing low interest rate environment will enable companies to acquire the equipment they need and conserve cash.
5. A majority of U.S. businesses will use some form of financing for equipment acquisition. Seven out of 10 businesses will use at least one form of financing to acquire equipment.
6. Business size will impact equipment acquisition.
7. The gaining prominence of cloud computing will transform the way businesses pay for IT investments.
8. Credit market conditions will remain favorable for long-term equipment financing.
9. The one-year extension of bonus depreciation may provide incentives for businesses to acquire equipment.
10. Although the value of lease financing will remain, businesses will begin to adapt their equipment acquisition strategies to comply with long-awaited changes to lease accounting standards.
Click here for a video that discusses the Top 10 Equipment Acquisition Trends for 2013
About ELFA: The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $725 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods.