What Are the Changing Trends in the Canadian Lease Financing ...

The Canadian Finance and Leasing Industry is a major driver in the Canadian economy. Let us look at Some Of The Changing trends in the industry and how They Might Affect Canadian business owners seeking behavior long-term equipment financing.

First of all the lender and borrower based lessor Has Changed Significantly over the years. Canadian Businesses Should Be Aware That There are over 190 + lease and asset based lenders in Canada. That?s a lot to choose from. Our Point is Simply That the business owner well Informed Should Be aware of the breadth of lender in the equipment financing marketplace, both, Geographically and by financing ?niche?. Whether a customer wishes to finance machinery, equipment of vehicles There Is A much Broader Range of financing choice for the consumer ? Probably more so in recent years Given That Many Have lenders such specialty emerged in different market segments. There is a wide breadth of size of lenders / lessors have a key trend in the industry has-beens merger and acquisitions. A number of major M & A deals Have Been Executed in the Canadian industry. We Hasten to add it Might Be still a little early to determined whether thesis Have Been Successful alliances and how They Will Affect the Canadian business borrower. Many FIRMS Have Learned to ?Stick to Their knitting? and Have Returned to Their core business. Another significant trend is the Fact That the Canadian average business borrower is more selective and Informed When Choosing a financing partner. Customers are more knowledgeable about key Areas Such as lease benefits, tax advantages, and Their Ability To Negotiate right and lese special terms and options. This trend of course HAS Forced the industry as a Whole To Be Focused more competitive and customer. Another major trend in the industry, Which has-been a boon to the Canadian business borrower, additional financing is simply the products available. Leases with tax advantages are available oriented, And Many borrowers in Areas Such as technology and heavy equipment Have migrated Toward the use of operating leases. We feel different lease products continues to evolve Will. Another major trend in leasing is the full service lease types WHERE a number of different products Such as service, maintenance, and insurance are bundled Into the transaction. A That trend continued in Force To Be is the emergence of a Stronger base of consumer leasing, particularly in the vehicle industry. Most of us have keenly aware That over 50% of cars are Financed p?riode. We Often Hear about the Motions Motions of ?Does Size Count?. The Trend Towards larger leasing companies In Some Areas Has Made key market rates and terms and structures Exceptionally attractive to the Canadian business borrower. Specialization is one of the Strongest trends in the industry. It therefore behooves the borrower to Understand Who Are The Specialists in the market segment in Which THEY require financing. Despite a proliferation of online leasing portals, applications, etc.. Continued trend has continued To Be customer service and relationship building and Flexibility ? that Being the focus of Many of Canada?s more Successful lessors.

In conclusion, a number of There are Changing trends in the Canadian equipment lease financing industry . These trends Have driven creativity and service, Providing a positive environment for Generally the Canadian business lessee.

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Stan Prokop is founder of 7 Park Avenue Financial ? http://www.7parkavenuefinancial.com The company originates business financing for Canadian companies, Specializing in working capital, cash flow, and asset based financing. 6 years in business the company HAS Completed in excess of $ 45 Million of financing for companies of all size. For info on Canadian business financing and contact details see:

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