Leasing Success Stories
Case A -- End of Lease: Leaving equipment in a Month-to-Month situation
A major retailer with multiple stores across the country has various schedules expiring at the same time and is in the process of rolling out new hardware to each of their stores. Since the projected switch out of hardware is going to be less than a few months, and since it will be on a rolling basis, the retailer opts to leave the schedules on month-to-month and return the equipment as each store’s upgrade is complete.
Result: Since FEC does not have automatic lease extensions, the retailer is able to maximize our flexibility with their need to time the returns precisely with the rollout of new equipment.
Case B – End of Lease: Buy Equipment at FMV
A real estate investment firm has several schedules of desktops and monitors. They have determined that they have a need to introduce new desktops with current technology to their company. However, their current monitors are all flat-panel, in good shape, and are doing a great job. They have asked to purchase the monitors as part of a cost savings program – this purchase will preclude them from having to lease new monitors that have no significant added value. FEC looks at the type/age of the monitors and researches the fair market value to come to a purchase price.
Result: The purchase price is substantially less than the purchase of new monitors and the sale is done. The company chose to return the desktops and replace them under a new lease with FEC.
Case C – End of Lease: Return Equipment to FEC
The same real estate investment firm noted in Case B, has decided to return their desktops. By giving the minimal notice requirement, the company can either coordinate their own transportation on the return or give a quick call to FEC Tech Center and our skilled staff will coordinate pick up, packaging and return.
Result: Hassle free project completion!
Case D – End of Lease: Lease Extension
An advertising agency has a high-end printer on lease. Once the original term of the lease is completed, the agency determines that style of printer has not changed significantly enough to warrant replacement and that the existing printer will meet their needs for at least another 12 months. They ask for a lease extension to renew that printer for year.
Result: The fixed term renewal drops their rent significantly and they continue to get their needs met.
