OVERCOMING FUNDING CHALLENGES IN LEASING
Players in the leasing industry has been facing the challenge of funding for lease transactions for over the years. Despite the fact that leasing has been contributing greatly to the Nigerian economy and creating wealth, there still exists this challenge. This particular challenge has hindered its capacity to effectively participate in big-ticket leases, thereby…
Read MoreMANAGING YOUR ASSET IS KEY (cont.)
Usage Terms and Conditions: Another simple technique of asset management is to simply specify the usage terms and conditions of equipment in the main lease agreement. For instance, it may be stipulated that the equipment should be operated for a specified number of hours per day and that only certain category of persons should…
Read MoreMANAGING YOUR ASSET IS KEY
Apart from checking on the standing of the lessee (user of asset), the lessor (owner of asset) has the responsibility of ensuring that the asset under lease is well managed. This is fundamental to the overall achievement of the lessor’s business objective, because the lessee will only be motivated to pay if the asset…
Read MoreDO YOU KNOW THE CURRENT MARKET FOCUS IN LEASING BUSINESS?
In the recent times in the leasing business, there is a gradual shift from finance leasing to operating leasing in Nigeria, partly as a strategy to mitigate default risk and in response to market dictates especially to meet the demands of corporate clients. This was revealed through a recent survey conducted by the Equipment…
Read MoreHOW TO IMPROVE LEASING BUSINESS CLIENTELE BASE
Having a good customer base is very important to all business transactions. Changing a prospective lessee to a customer and retaining him requires a whole lot of systematic approach, appropriate intelligent gathering, planned programme of actions on your part as a lessor (owner of an asset). A specific time should be set aside each…
Read MoreHOW 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 in operating lease business and…
Read MoreHOW 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 implications of this is that,…
Read MoreHOW 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 Fleet Management i. Operational Environment…
Read MoreDO 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 of level of expertise or…
Read More14 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 of fleet management, fleet management…
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