HOW TO MANAGE YOUR DRIVERS IN OPERATING LEASE
The success of operating leases (leases that the lessees do not intend to own the asset at the end of the lease) where vehicles are the assets involved, depends on variety of factors and most essentially the driver. Therefore it is important to fully understand how to manage drivers…
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HOW TO INCREASE YOUR YIELD AND PROTECT YOUR PORTFOLIO THROUGH ADVANCE RENTALS
A lessor (owner of asset) can take a number of the rentals at the beginning of the lease and the others taken in arrears e.g. in a 12 month lease, the lessor can take 2 month rentals in advance and the remaining 10 rentals in arrears. One of the…
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HOW EFFICIENT FLEET OPERATORS ACHIEVE SUCCESS
The success of any Fleet and Transport Logistics operations depends on the application of modern processes. Practitioners should therefore get themselves acquainted with modern key management ingredients to enhance profitability. This aspect of business is gaining more vibes and gradually becoming an investor’s delight. Factors that impede Success in…
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DO YOU DESIRE SUCCESS IN YOUR LEASING BUSINESS?
To succeed in leasing business requires consistent search for skills and techniques required for success. Succeeding with leasing provides the operators with template for lease practice and is designed to enhance professional development of lease practitioners. There is need for a broad-based education in leasing for all personnel, regardless…
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14 GUIDES TO SUCCESSFUL FLEET MANAGEMENT OPERATIONS
The fleet business will succeed when the following guiding principles are put in place: Fleet Management companies must have a clear cut Fleet Management Policy. This function must not be outsourced. It is the rules and regulations that guide fleet operations. The policy will provide clear directions in terms…
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ELAN JOINS LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI)
ELAN JOINS LAGOS CHAMBER OF COMMERCE AND INDUSTRY (LCCI) In pursuit of its objective of promoting the business of leasing in Nigeria, Equipment Leasing Association of Nigeria (ELAN) has continued to strengthen partnership with the organised private sector and recently joined Lagos Chamber of Commerce and Industry (LCCI). This…
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TAX IMPLICATIONS OF LEASING IN NIGERIA
The Federal Inland Revenue Service (FIRS) adopted the treatment of leasing by the International Accounting Standards on Leases SAS 11, and accordingly classifies leases for tax purposes as either finance or operating leases, together with other variants of leasing such as leveraged leases, sale and lease back and sale…
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UNDERSTANDING KEY ISSUES IN LEASE CREDIT ASSESSMENT
As a lessor (the owner of the asset), leasing business can be sourced through the following are the ways: By direct marketing of the Lessor’s services; the Lessor can approach a potential Lessee (the customer that needs the asset) for business; The Lessee initiating the approach to a Lessor…
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SPOTING THE RED FLAGS IN A LESSEE’S PROPOSAL FOR A LEASE
There are several factors that portend danger in the performance of a firm. If a potential corporate lessee comes up with a proposal for a lease transaction, it is important to properly analyse the books and ensure the following signs are not available before venturing into such business. These…
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MAJOR ISSUES THAT AFFECT LEASE VERSUS BUY DECISIONS
There are some factors and variables, both qualitative and quantitative, that affects a person or firm’s decision either to buy or lease an asset. It is imperative as a lessee (user of an asset) to critically analyse these issues to arrive at a better decision. The following are some…
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