Leasing Information

As part of L^tMAP ’s service to its customers we provide assistance in a wide variety of areas throughout the program.  During the “Acquisition Phase” those areas of assistance are as follows:

1. Leasing provider options comparable with subsidized manufacturer’s rates.
2. Consultation regarding equipment specifications vs. proposed utilization.
3. An additional 5% leasing residual guarantee by L^tMAP ,
4. No obligation leasing quotes.

Leasing Provider Options

Many lift truck manufacturers provide their dealers with subsidized leasing rates to assist them in selling their equipment to volume purchasers.  Manufacturer subsidized rates are typically the lowest rates available in the industry.  The goal of L^tMAP is to assist customers in securing the best financing package available, with rates that will provide them the best leasing terms and the lowest monthly payment.  Consequently, L^tMAP ’s leasing provider’s rates are comparable to manufacturer’s subsidized rate structures.  In addition to this, the program also provides an additional 5% residual guarantee that helps lowers the lease payments even further (see below).

L^tMAP , through the volume of new and used lift trucks it deals with, has been able to negotiate leasing rates that meet or beat most any manufacturer’s subsidized rate.  The lease providers include some of the most reputable financial institutions in the country, such as US Bank, Marlin Leasing and Chase Leasing.  For further information on quotes see “Leasing Quotes” below and click on the link provided. 

Consultation

Insuring that L^tMAP ’s customers have the right type of equipment required to get the job done in the most economical and reliable manner is one of the services our program provides.  A comprehensive site survey is obtained on each location to establish the parameters involved in order to insure that you have the right equipment for each material handling task.  It is not uncommon to find companies that maintain a larger than required fleet as an attempt to minimize down time, or make similar “band aid” type adjustments that are not always the best financial solution. 

L^tMAP ’s customers have expert lift truck consultants available at any time to help advise customers concerning a proposed acquisition.  This assistance is provided on new or used trucks either purchased or leased.  Consultation helps insure that the proposed acquisition will fulfill the material handling needs of the company that are required for that particular task in the most cost effective manner, with the least amount of down time.

5% Residual Guarantee

In order to further insure that L^tMAP ’s customers receive the best financing option available the program guarantees the leasing company that it will assume responsibility for an additional 5% towards the residual amount on any leased equipment that is returned at the end of the lease.  By assuming this risk with our guarantee we are able to provide our customers with a lower monthly payment.  In many cases, if a lease is written with a financing institution that is not an affiliate of L^tMAP we can negotiate this arrangement with the company’s preferred vendor.  This savings to the company can be provided simply because the amount is being guaranteed by the program and presents no additional risk to the leasing institution or the company.

On a typical 5,000 lb. lift truck lease this savings equates to as much as a $25-30.00 reduction of the monthly payment amount on a 36 month lease.  (This benefit alone can exceed the L^tMAP program cost, in which case all of the additional time and money savings realized by the company through the “Maintenance Administration” and “Exit” phases of the L^tMAP program cost the company nothing!)

Leasing Quotes

The quote section of our web site allows you to obtain free, no obligation, lease quotes on any lift truck equipment leases being contemplated.  Simply click on as many of the sources as you wish to obtain leasing quotes, then fill in the required information and you will be provided the leasing quotes needed to make the best financial decision for your company within 24 hours.

Important Note:  The quotesobtained do not factor in the additional 5% residual guarantee provided by L^tMAP , so be sure to calculate this factor and consider your decision accordingly.  If you would like further clarification regarding the lease rate or impact of the 5% residual guarantee e-mail a copy of the quote to info@L^tMAP.com.

For equipment leasing quotes click here.

As part of L^tMAP ’s service to its customers we provide assistance in a wide variety of areas throughout the program.  During the “Acquisition Phase” those areas of assistance are as follows:

1. Leasing provider options comparable with subsidized manufacturer’s rates.
2. Consultation regarding equipment specifications vs. proposed utilization.
3. An additional 5% leasing residual guarantee by L^tMAP ,
4. No obligation leasing quotes.