Mauricio Medina GENERAL MANAGER, TIP MÉXICO

What trends have you seen in the demand of leasing equipment in Mexico lately?

In Mexico, there is not a strong leasing culture yet, as the culture of ownership is still more rooted. We have been working to create awareness in transport equipment users about the important benefits of leasing. We have worked, and will continue working, to raise awareness among transportation equipment users about the important benefits of leasing. In fact, just in the transport sector, leasing as a financial product has grown by between 15 and 20% in recent years. The pandemic brought unprecedented increases in market penetration given the demand for transportation. Many SMEs now see leasing as a viable means to acquire additional equipment. Therefore, it has been positive years for the sector. It is safe to say that equipment leasing is a growing tendency in Mexico. Each time more people and companies are looking to us for giving them transportation equipment solutions.

You have positioned yourselves as the number one leasing company in Mexico. How have you achieved this?

We offer a wide range of financial products and services, and the sectors we target have enabled us to achieve significant growth. We are experts in both the leasing and fleet management of all type of transportation equipment. With TIP, all our customers can get flexible products and terms, wide range of equipment types and different value added services to manage their fleets. That is one of the reasons that sets us apart from other traditional lessors. In addition, we have segmented the market to offer our services accordingly to customer’s needs, we have a specialized team that serves each: small/ medium fleets; large fleets; and cargo transportation fleets. In other words, we cover all transport equipment needs for any type of customer.