The Equipment Leasing & Finance Association’s (ELFA) Monthly Leasing and Finance Index reported that new business volume of declined by 35.1% as compared to same period in 2008.
Other data:- receivable over 30 days increased by 18.2%
- charge-offs increased by 56.1%
- credit approvals now at 65.5% as compared with 73.3% last year
- 47% of leasing companies reported decrease in transactions
-=Good Selling=-
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