Essential Elements of a Better Lease Deal
Many elements are specific to the type and scope of the transaction. Few lease transactions are the exactly the same. Here are the highlights and most common do’s and don’ts.
The enterprise (lessee) must,:
| 1. | Have a well planned strategic reason for using leasing, no matter what the asset is. |
| 2. | Design a financial solution for itself and not rely entirely on the marketplace to do it |
| 3. | Integrate the financing solution with the acquisition process of the asset from the very beginning |
| 4. | Not leave the process of sourcing the financing solution to the end of asset acquisition process |
| 5. | Ensure the financing solution delivers everything you expect to all disciplines affected with in the enterprise |
| 6. | Never make a financial decision on impulse or on account of a lack of time to fully understand the nature of the transaction |
| 7. | Involve key managers from other areas of the enterprise for varied insight and opinions |
| 8. | Implement a post award lease management program to ensure the enterprise receives what it contracted for, |
| 9. | Never let issues with your lessor go unresolved for long periods of time – take action and address the issues quickly, |
| 10. | Recognize the time to seek help from objective experts outside the enterprise for advice and assistance with your lease financing decisions |