Asset finance share of UK equipment investment highest for a decade in May

Asset finance new business (primarily leasing and hire purchase) in the UK for deals of up to £20 million grew by 6% in May, compared to the same month last year, according to new data from the Finance and Leasing Association. When deals over £20 million are included, the market fell by 1%. New finance for plant and machinery and commercial vehicles both grew by 8% year-on-year during the month, while the business equipment finance sector reported new business up by 3% over the same period. The car finance market was static, while the IT finance sector fell by 9% year-on-year.

Asset finance share of UK equipment investment highest for a decade in May

Jul 05, 2019

Asset finance new business (primarily leasing and hire purchase) in the UK for deals of up to £20 million grew by 6% in May, compared to the same month last year, according to new data from the Finance and Leasing Association. When deals over £20 million are included, the market fell by 1%. New finance for plant and machinery and commercial vehicles both grew by 8% year-on-year during the month, while the business equipment finance sector reported new business up by 3% over the same period. The car finance market was static, while the IT finance sector fell by 9% year-on-year.

Bynx Pricing Reviews

Bynx - Asset Finance Pricing Review - Canada: rocky road ahead?

Jun 13, 2019

      AVAILABLE NOW, FREE OF CHARGE Paul Bennett, director of international business development at Autofutura outlines the ways in which consumers and their ready acceptance of technology, are driving change in the auto finance market. While this is proving highly disruptive to the normal financing process, the change offers opportunities for lenders to get closer to consumers, and to pioneer new ways to streamline the finance lifecycle. Our lead article offers an overview of Canada. Tax regulations mean that the company car market is markedly different from other country models, while the large distances many drivers cover mean electric vehicle take up has been slow to gain traction. Grassroots populist movements are becoming increasingly vocal over issues such as climate change and our use of the Earth's resources, with inevitable questions raised over the use of cars. Tougher emission regulations and a drop in consumer confidence are having a noticeable impact on new vehicle sales. The latest stats from Experteye’s European Leasing Index Report.   CONTRIBUTIONS FROM   Paul Bennett, director of international business development, Autofutura; Peter Birks, president, Auto Financial Group (AFG) Canada; Bill Dost, group chief executive, DND Finance; Dennis DesRosiers, Owner, DesRosiers;

 

Technology Reports

How to succeed in a digital asset finance landscape

Jul 24, 2019

The world of asset finance is changing – it’s reinventing itself digitally. It has to do so, as customer expectations for better experiences are increasing while the pressure on operational costs continues to be high. How to compete and win in this ‘brave new’ digital landscape isn’t always straightforward. Innovative new digital technologies now provide asset finance solutions that are quick, simple and seamless, with reduced paperwork, faster delivery of funds and enhanced customer service delivery that is highly personalised. In new research Cloud Lending commissioned Asset Finance International (AFI) to evaluate the role of digital technologies in driving digital transformation. To explore this topic, we developed a qualitative survey of global asset finance professionals who have influence over digital transformation strategy in their organisations.