Washington, DC (March 1, 2017) – The vast majority (78 percent) of U.S. businesses lease or finance their equipment, and today the Equipment Leasing and Finance Association (ELFA) released a new infographic highlighting why this method of equipment acquisition is so popular. The “8 Reasons to Finance Equipment for Your Business” infographic provides a reader-friendly, visually inviting explanation of some of the key benefits businesses enjoy when they lease or finance the equipment they need to operate and grow.

This new tool is the latest resource from ELFA’s Equipment Finance Advantage website for end-users, a one-stop resource designed to help current and potential end-users of equipment financing make the best possible decisions. The infographic showcases a variety of ways businesses can use equipment finance to their strategic advantage, including:

Finance 100 percent – Arrange 100 percent financing of your equipment, software and services with 0 percent down payment.
Save cash – Save your limited cash for other areas of your business, such as expansion, improvements, marketing or R&D.
Keep up-to-date – Keep up-to-date with technology by acquiring more and better equipment than you could if the financing option were not available.
Outsource asset management – Let your equipment financing company manage your equipment from delivery to disposal.
Accelerate ROI – Rather than paying one lump sum for your equipment, make smaller payments while the equipment generates revenue.
Customize your terms – Set customized payments to match your cash flow and even seasonal income fluctuations.
Benefit from bundling – Bundle the equipment, installation, maintenance and more into a single, easy-to-manage solution.
Hedge against inflation – Lock in rates when you sign your lease to avoid inflation in the future.

“There’s a reason nearly eight out of ten companies lease or finance their equipment—it makes good business sense,” said ELFA President and CEO Ralph Petta. “We are pleased to present this new infographic illustrating some of the important ways our industry ‘Equips Business for Success.'”

Sharing Encouraged
ELFA is encouraging users to share the infographic with business contacts, friends and others, with full permission. Users are encouraged to share this new tool on social media channels (Tweet about it using the hashtag #FinanceEquipment) and via email, and post it on websites and blogs. Learn more and download your copy of the “8 Reasons to Finance Equipment for Your Business” infographic at www.equipmentfinanceadvantage.org/rsrcs/info/8Reasons.cfm.

For more information, please contact Amy Vogt, ELFA Vice President of Communications and Marketing, at avogt@elfaonline.org or 202-238-3438.

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About ELFA:
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.