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10 Nov 2015
Equipment finance and leasing is involved in some 40% of equipment capital expenditure in Australia, making the asset finance industry an essential part of the Australian economy.
The leasing market took off in the 1950s and early 1960s and is now a mature market with products provided by all types of financial institution. It is dominated by the ‘big four’ domestic banks, but integral to it are international banks, captive finance companies, specialist finance companies, fleet lessors and rental companies.
The Australian Equipment Lessors Association (AELA) was founded in 1986 and is the national association for the equipment leasing and financing industry. AELA member companies represent more than 90% of equipment finance activity in Australia, and comprise banks, finance companies, merchant banks, general financiers, equipment vendor lessors and lease packagers. Associate members include other industry associations and legal and accounting firms, and support system suppliers with an interest in lease and equipment finance products.
Since its inception, AELA’s role has expanded to include hire purchase and chattel mortgages, products that are prominent in the Australian equipment finance market.
The aim of this new and fully updated Asset Finance International country survey is to provide a wide-ranging and balanced assessment of the auto and asset finance markets in Australia. Download now!