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Bookmark this site !Cost of funds, margins, Basel 2 and all that Jazz!
It is a little known fact that Liza Minelli, star of many Musicals, started her career as a Leasing Economist. In fact her 1972 smash hit musical of Cabaret included a tantalising link to her past with her punchy choral rendition of a previously unpublished economic report entitled “money makes the world go round”.
……but seriously, that
Editor@theleaseblog.com
in Cost of Funds
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How many funding sources do you need?
It might seem ideal to have only one funding source for all of your deals. Many people have this. It frees up the marketing person to spend more time selling. However, if that one source won’t do the deal, you are out of luck. People with only one source are usually called employees.
The reality is that as an independent lease broker or lessor you must spend time looking for new business and new funding sources to maximize business potential.
Why are many funding sources needed? Funding sources generally have sweet spots of what they prefer. They are the most competitive when a deal is in their sweet spot. They will rarely tell you what is not in their sweet spot because they want you to bring them all of your deals to allow them to ‘cherry pick’. It’s not that they will not do a deal outside of their comfort zone. They might, but at a higher rate or with tougher conditions. Beware of the funding source that claims to do everything.
Tom Martin, CFI Financial Services
in Brokers
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UK government consults on tax changes
Various tax changes affecting leasing and other companies were announced in the March 2007 Budget. Most of these, including the reduction in the main rate of corporation tax from 30% to 28% with effect from 1 April 2008, are included in the Finance Act 2007, which became law in July. However, the proposed changes to capital allowances, which are due to take effect from April 2008, are the subject of a consultation paper issued by HM Revenue & Customs and HM Treasury on 26 July (for comment by 19 October). Whilst it is a consultation paper, much of the information
George Tonks, INVIGORS LLP
in Tax
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Where do Vendor Finance programs go wrong ?
Statistics can be deceiving, but if 2004 leasing penetration of capital investment in Europe was the same percentage as in the US, an additional $150billion+ of leasing volume would have been written in Europe during that year. And Leaseurope 2005 Statistics indicate a 13.75% increase in European leasing volumes compared to the previous year.
Securing a share of the sizeable and growing vendor programme market is highly attractive for leasing companies. But setting up a successful programme can be an elusive goal for both financier and vendor. Where does it go wrong? There are many
Richard Guilbert, INVIGORS LLP
in Vendor Finance
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Linked-In and theLeaseBlog.com create user group
Business networking site Linked-in now has a new member group allocated to members of theLeaseBlog.com
By clicking on the URL link below you can request to be added to this group and build your network with people who are certain to share the same “Leasing” interests. http://www.linkedin.com/e/gis/37058/2CD6E376144A
You can share this link with your colleagues and help them ensure they are not just up to speed with the latest thinking and jobs but they are also developing their network in the process.
Editor@theleaseblog.com
in Networking
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