The Walk-Away Lease features a standard 102-month term municipal lease contract written with two maturity dates at 60 and 84 months, giving you an opportunity to "walk-away" from the contract at these points.
Pierce will agree to purchase your department's vehicle (subject to satisfactory terms and conditions) for an amount equal to or greater than the early termination value of the lease.
The program eliminates potential common concerns associated with a long-term commitment. If you elect not to exercise the "walk-away" option, payments continue through lease end with a standard purchase option.
Benefits of Walk-Away Lease
- All the benefits of tax-exempt leasing with an option to "walk-away" without risk during the lease term
- Financial flexibility
- Pay only for what you use
- Original term remains intact if option not exercised
- Security of a guaranteed asset value in the future
- Allows for planned replacement of fleet
When to consider a Walk-Away Lease:
| Customer
Situations |
Potential
Needs |
Walk-Away
Lease
Opportunities |
| Modern Financial
Management Philosophy - Pay only for the use. |
Payment contract
that allows customers to pay for the use of the asset
without the commitment of a long-term acquisition. |
Lease payments
are made throughout the term with an opportunity to "walk-away"
without recourse if there is no use for the asset. |
| Constantly changing
financial condition - fluctuating budgetary needs. |
A financing
vehicle that affords customers an opportunity to lock-in
the most favorable terms now with the flexibility to change
as financial conditions change. |
Lease
is structured as a conventional municipal lease to get
the most favorable rates. If customer needs change in
the future, they can simply exercise their option to "walk-away"
or payoff. |
Contact us for assistance. Let us help you order the apparatus you need today.
For your Oshkosh Capital™ representative, call 1-800-820-9041 or e-mail us at
dan.wong@oshkoshcapital.com
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