![](https://www.leasinglife.com/wp-content/uploads/sites/7/2017/09/shutterstock_367272371-1.jpg)
Finance and Leasing Association members have funded an 8-year-high 33% of all business equipment acquired in the year leading to June 2017, up from 31.8% in the previous year.
Year on year figures for July show that while overall asset finance new business fell 1% to £2.6bn, mid-ticket and low-ticket deals up to £20m grew by 6%, and now account for £2.4bn.
In the 12 months leading to July, total asset finance grew by 7% to £31.7b. Assets for transportation led the way, with finance for aircraft, ships and rolling stock rising by 16%, while IT equipment registered the only slowdown among FLA’s categories, at -3%. Car finance for businesses was up by 7%, in contrast to the private sector, which was down by the same percentage.
The products dealt out the most were consecutively lease and hire purchases (52%), operating leases (22%) and finance leases (12%), with the remainder being other types of packages.
More than half of the deals were finalised through direct finance, while brokerage and sales accounted for 18% and 30% respectively.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
![](/wp-content/themes/goodlife-wp-B2B/assets/images/company-profile-unit.png)
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData