September Equipment Leasing Volume Up 21% From Last Year
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) showed that overall new business volume for September was $9.4 billion, up 21% from new business volume in September 2013.
Month over month, new business volume was up 31% from August. Year to date, cumulative new business volume increased 8% compared to 2013. The index reports economic activity from 25 companies representing a cross section of the $827-billion equipment finance sector.