NextGen leaders out there are asking what the plan is and wondering what the answer is. And my piece will not pull any punches or mince any words! Here is what I am worried about: The depth of our bench... read more
Fleets have a number of options when it comes to asset acquisition. They can buy, finance or lease an asset. In my estimation, the lease versus buy analysis favors leasing, especially when talking about operating leases. Here are several reasons... read more
There are few actions that a lender takes that have more potential for legal or damage claims than a vehicle or equipment repossession. Ensuring that your service providers have the right types and amounts of insurance coverage is critical to... read more
2020
FASB has issued a proposed accounting standards update intended to improve three areas of the leases guidance. How will this update affect equipment lessors? O’Sullivan: There are three proposed amendments in the Exposure Draft that the FASB has asked the... read more
Proposed New York State Senate Bill S5470 (“the bill”) has been passed by both houses of the New York State Legislature and is pending presentation to Governor Andrew Cuomo for signature. It is beyond the scope of our review (and... read more
Registration for ELFA 2020 Business LIVE, a full-service virtual conference on October 27-28, 2020, is open until October 21. Participation includes three keynotes with a strategic lineup of speakers, 20 breakout sessions, virtual networking receptions and a multimedia exhibit hall.... read more
The world has changed dramatically in just a year. From the way people work and go to school to the way they shop, travel and spend leisure time, COVID-19 has reshaped how many industries do business and challenged many to... read more
When it comes to determining whether to add a fleet asset, basing the decision on initial purchase price alone is risky business. While all the risks cannot be eliminated, looking at both financial and operation data will result in the... read more
With over 14,000 passenger aircraft grounded due to the pandemic and a large percentage facing decommission, the aviation industry is exploring sustainable aircraft recycling business models that offer environmental preservation and deliver a higher return on investment to owners and... read more
The year 2020 and the effects of the COVID-19 pandemic have made life for people and industries worldwide feel like one continuous roller coaster. Many businesses, including restaurants, are still experiencing a downward trajectory, with the National Restaurant Association reporting... read more
As leasing and financial companies, when we hear the term artificial intelligence (AI), the first thing many of us think about is software and big data applications. But the truth is many of our customers and primary lines of business... read more
As a result, the past three months of Zoom, Teams, and Slack meetings, shopping exclusively online, and a new appreciation for IT infrastructure staff, have defined a new – though not unexpected –future for how businesses will operate, long after... read more
July 2020
The COVID19 pandemic has had a detrimental economic effect on a vast majority of businesses. The leasing industry is no exception, and one of the most serious developments is the cancelation of, or reduction of coverage on, your customers’ insurance... read more
The COVID-19 pandemic has muddied that decision even further as it has become even more difficult to determine long-term implications of a purchase. Nowhere is this clearer than with residual values, which are one of the key factors in the... read more
July 2020
“We need to understand risk better.” “Originations are up. My worry is our existing customers’ business health.” “We have to decrease our distance from customers.” Risk managers’ plates are full. These recent comments from lessor leaders regarding today’s economic environment... read more
June 2020
Terry Mulreany
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Susie Angelucci
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