Material Handling Equipment Lease
To maximize savings, an industrial manufacturer consolidated 24 months of material handling leases (from multiple vendors) in a single, large competitive event. Consolidating enabled the manufacturer to take advantage of economies of scale and remove the inefficiencies of multiple “one-off” RFP events. The strategy was successful. By aggregating transactions into a lease line, this lessee was able to attract more lessors and drive down capital costs. Stakeholders now have the flexibility to take down transactions over the term whenever they want.
48 months
Operating lease
$8,345,000
Amount financed
6.9%
Savings
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The results
|
Transaction:
|
Material handling equipment lease
|
|---|---|
|
Amount financed:
|
$8,345,000
|
|
Term/structure:
|
48 months operating lease
|
|
Proposals:
|
11
|
|---|---|
|
Savings:
|
6.9%
|
|
Savings (in USD):
|
$530,640 over the intial term
|
|
Transaction:
|
Material handling equipment
|
|---|---|
|
Amount financed:
|
$8,345,000
|
|
Term/structure:
|
48 months operating lease
|
|
Proposals:
|
11
|
|
Savings:
|
6.9%
|
|
Savings (in USD):
|
$530,640 over the initial term
|
Equipment lease sourcing
Looking for better financing terms on a big-ticket item like a lease for material handling equipment? We will match you to several of the 500 financial institutions on our Global Lessor Network based upon your credit rating as well as the location and type of equipment to be financed. Then we will distribute your RFP to those lessors in a competitive bidding process.
By putting your leases out to bid in a competitive marketplace you can reduce your costs by 6-8%. Those savings add up quickly for large companies with leasing portfolios in excess of $100M.