Tractor Trailer Lease
A global logistics company was looking for a competitive method to drive the lowest cost for a lease. Using LeaseAccelerator, the company was able to bid for the best equipment cost, multiple options, and a lease rate factor. The bid was an involved, multi-layered process that resulted in big savings.
60 months
Operating lease
£5,200,000
Amount financed
18.4%
Savings
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The results
|
Transaction:
|
Tractor trailer
|
|---|---|
|
Amount financed:
|
£5,200,000
|
|
Term/structure:
|
60 months operating lease
|
|
Proposals:
|
5
|
|---|---|
|
Savings:
|
18.4%
|
|
Savings (in EUR):
|
£26,252 over the initial term
|
|
Transaction:
|
Tractor trailer
|
|---|---|
|
Amount financed:
|
£5,200,000
|
|
Term/structure:
|
60 months operating lease
|
|
Proposals:
|
5
|
|
Savings:
|
18.4%
|
|
Savings (in EUR):
|
£26,252 over the initial term
|
Equipment lease sourcing
Looking for better financing terms on a big-ticket item like a lease for tractor trailers? 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.