Despite sudden changes at Amstel
Lease during the past few months, its vendor finance business seems
to remain unchanged for the time being.
But the company, entangled in a
government takeover, has warned that the scale of its 2009 vendor
finance activities will depend on how badly the credit crunch hits
vendors.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Robert Peterson, Amstel Lease’s
director of strategy and innovation, said: “Our level of vendor
finance business is not changing, and the same goes with the rest
of our other business lines.
We have lots of deals still coming in,
which means that clients still like our services.”
He added that he expected vendors
would sell less in 2009, and consequently that lessors would sell
less too.
“If people are replacing their
computers after four years instead of three, this means we will
have decreasing business, too,” he said.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataHowever, vendor finance “only”
represents around 10 percent of Amstel Lease’s overall
business.
Which Peterson said was at least good
news in case of a slowdown, as it would not affect them as much as
their “bigger competitors” in the region.
