Facts: Equipment Leasing and Financing Industry
• Equipment leasing and finance accounts for nearly $650 billion of capital equipment expenditure in the U.S. during 2008. • Leasing and finance contributes as much as 3% of real GDP annually. • Each day, 20,000 equipment leases are written. • Eight out of ten U.S. companies lease and finance all or some of their equipment. • Small businesses are twice as likely to lease or finance their equipment as to purchase it outright. • More that 250,000 Americans are employed in the equipment lease and finance industry. • Each $1 billion spent on leased equipment creates an estimated 30,000 jobs in the U.S. *courtesy of the Equipment Leasing and Finance Association's 2008 annual report