When more service, flexibility and technical proficiency are needed from the Lessor.

CHALLENGE:
A leading industrial supplier and service provider was not happy with their current Lessor. They didn't feel they were getting the attention they deserved, and they felt locked into a lease on equipment that no longer served the company's needs. After learning of the technical and financial expertise offered by LEASENET, the customer wanted to move away from their current Lessor and begin leasing with LEASENET.

SOLUTION:
LEASENET structured a lease that let the customer fulfill their obligation to their original leasing company, while allowing them to upgrade their equipment to meet the company's changing needs. The original lease payments, the estimated purchase price of the original equipment, and the upgrades were all wrapped into a new lease with LEASENET that started immediately. According to the terms of the new lease, the company stopped paying the original Lessor and started making payments to LEASENET. On behalf of the customer, LEASENET continued to make the payments on the original lease through the term of the lease, at which point they negotiated a buyout of the equipment.

RESULT:
The customer was successfully transitioned from a non service-oriented Lessor to a service-oriented and technically proficient Lessor. And throughout the transition, the customer was able to continue using their equipment, without experiencing any downtime or lost revenue.

Get more results >>