Global Lease Marketplace, our lease sourcing solution, helps you lower your financing costs with fast competitive bidding and automatically loaded leases.
Even though getting competitive bids for equipment purchases is a well-established process in many organizations, procurement departments often don’t use the same approach for lease financing.
Many organizations prefer to use the equipment vendor’s financing or go to lessors they’ve used before. Without competitive bidding, financing costs can be higher, affecting budgets over the long term. Often contract terms benefit the lender and may be inconsistent, making it more difficult to manage the overall lease portfolio.
PureLease makes it easy to introduce competition into your equipment financing process, while reducing the time required to source each lease.
With our Global Lease Marketplace, you can lower your financing costs and save an average of 7%. Those savings add up quickly for large private and public companies whose leasing portfolios often exceed $100M.
Reduce the time of populating repetitive items by automatically generating your RFPs. Fill in the assets you want to lease, and we’ll do the rest.
Our standardized contract, accepted by many of the largest leasing companies, streamlines negotiations, simplifies accounting and avoids predatory buyout and renewal clauses. Our team will help you build the best deal structures for your business.
We maintain a network of relationships with over 500 banks, captives, and independent lessors worldwide. We identify the most suitable lessors to bid on your lease based upon factors such as your credit rating, the country where the equipment will be leased, and the type of equipment to be financed.
We distribute your RFP – to your preferred lessors and the lessors from our network that meet your needs. The competition ensures you receive the best possible financing rates and contract terms for your lease. We monitor responses to ensure you have enough bids with matching terms and conditions.
You can compare all the bids based upon the Internal Rate of Return, Present Value, or Total Cash Flow. The comparison can be exported to a spreadsheet so you can sort, analyze, and share results. The competitive bidding process helps our customers save 7% on average.
Once you decide which financing offer to accept, we automatically notify the bidders about the outcome. You can even provide your feedback for the lessors who were not a good fit for your business.