November 1, 2006
Leasing paying installments to use equipment during a set period of time has long been touted in Latin America, to little avail.
Currencies fluctuate, finance ministers snatch away tax incentives on a whim and cultural norms make middle managers reluctant to commit to long-term finance. Businesses of all sizes would rather own their respective computers, trucks and machinery. That way, if times get rough, at least they have an asset to unload.
Specialized lessors wipe sensitive information from decommissioned IT equipment.And so, the leasing business has had several false starts in the region. Most of the successful outfits in Latin America today cater to so-called
With economic and political stability now widespread in Latin America, leasing looks to be an increasingly viable option for companies financing capital goods purchases.