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Considering a career in Vehicle & Equipment Finance?
The Vehicle & Equipment Finance industry utilizes a wide range of skill-sets, including Finance, Sales, Risk and even Customer Service. It�s unique because it requires a lot of hands-on activity, from interacting with clients to building financial models. If you want to learn new skills and advance your career, this is the field for you!
Key industry info:
- As of 2015, the total value of assets financed in Canada is $338 billion
- Vehicle & Equipment Finance is highly service-based. Strong communication and interpersonal skills are crucial for success
- The Vehicle & Equipment Finance industry is the largest provider of debt financing in Canada, after banking institutions and credit unions
In-demand skills and traits:
- Leadership
- Organization
- Attention to detail
- Relationship management
Average Starting Salaries: Vehicle & Equipment Finance
Corporate
Sales and Sales Support
Credit
Collections
Customer Service
Corporate
Sales and Sales Support
Credit
Collections
Customer Service
Pro Tip
"Take a look out at the highway; take a look at the trucks, trailers and cars passing by. Now ask yourself: What’s in those trucks? The appliances, equipment, machine parts, automobiles, computers, network systems, microchips…
The vehicle and equipment finance industry finances so much that people just don’t realize, and through the decades it has become part of every industry and come to support every business."
— Unstoppable: The Story of Asset-based Finance and Leasing in CanadaResources
Additional Resources
Unstoppable: The Story of Asset-based Finance and Leasing in Canada
Unstoppable tells the previously untold story of a business that has grown to be the largest source of debt financing to Canadian consumers outside of the traditional bank loan.