By Helen Gordon, Chief Executive Officer, Australian Finance Industry Association
AFIA estimates that as at end FY2019 total new equipment finance (including fleet leasing) was A$47.7bn (up from year end FY2018: A$47.2bn). Excluding fleet leasing, equipment finance represented A$40.4bn compared with year end FY2018 A$40.3bn). Of this A$8.7bn was finance leases, A$5.7bn was operating leases (including fleets), A$1.9bn was hire purchase and A$31.3bn chattel mortgage.