MTP Special Leasing Programs for RV’s, TRUCKS, VANS, HANDICAP VEHICLES and UTILITY VEHICLES

MTP will lease to corporations, both public or privately held corporations, or any local, state or federal government funded agency or organization, specialty vehicles such as RV’s, Vans, Trucks, or any specially up-fitted Utility Vehicles.

These types of vehicles are leased on a Finance Lease / Open-End Lease Program, or sometimes referred to as an Equity Lease Program. Which means that the leases are written with a buy-out option at the end of the lease.

The lessee is responsible for the "Buy-Out" at the end of the lease term.

The "Buy-Out" or residual value is written on the lease and is determined by speculating the future value of the vehicle, based on mileage, term, options, year, make, model, how the vehicle will be used during the lease term and most importantly on past re-sale values of similar vehicles sold on the used vehicle market.

The advantage for the lessee is:

1. They are not buying the vehicle and therefore the cost of the lease is based only on the part of the vehicle which depreciates during the lease term.
2. It is not a depreciating asset and therefore should be a tax and financial plus for the corporation.
3. Sales tax, based on GVW class, is based only on the monthly payment and is billed monthly, instead of on the cost of the vehicle where you have to pay it all up-front. This tax structure alone, in most corporations will be the main justification for leasing over buying and ownership.
4. A well structured finance lease will offer the lessee an additional source of credit, help conserve their tax dollars and alleviate cash flow problems.

There are significant tax advantages also, depending on their tax situation, but the most obvious is that they probably will not pay tax on the purchase price but only pay tax on the monthly payment if the vehicle qualifies to be over a certain gross vehicle weight.

At the end of the lease the lessee can exercise one of three options:

1. The lessee can buy-out the vehicle for the stated buy-out price.
2. The lessee can turn-in the vehicle to the lessor for re-sale. As long as the vehicle re-sells and covers the amount of the "Buy-Out" he can walk away. If it re-sells for more, then they are credited back the equity or he can roll it over in to a new vehicle. If it re-sells for less then the lessee is responsible to the lessor for any deficiency.
3. The lessee can arrange to sell the vehicle themselves, to whomever they want to sell it to and keep the equity they have accumulated and get on the re-sale.

The real key here is to properly set up the lease equation so that it is an equitable lease for all and the lessee is keeping their monthly payment as low as possible without incurring any abnormal risk at the lease end.

At MTP, we have the expertise and experience to will set up your lease so that it will conserve and limit the cash outlay, line of credit and tax exposure. You will be consulted on the optimum way to structure this type of lease and be glad you spoke with people who know how to do this.

MTP CREDIT CRITERIA TO QUALIFY FOR FINANCE LEASES

The credit criteria for this type of lease is usually very high. Most lessees must have tier one credit to qualify and usually a substantial down payment is required to order the vehicle.

Once we have finalized the lease quotation credit information must be submitted. Sometimes this credit info must be taken in advance to pre-qualify the lessee.

Here is the initial information need by MTP:

Company name, address, city, state and zip.

Phone number and e-mail address of primary contact with their position in the company and how long they have been with the company.

The tax county in the state where company is located.

Brief description of business, what the vehicle will be used for and where it will be located.

Plus approximately how many miles a year the vehicle will be driven and how long a lease term is needed.

Years established and date of incorporation and in what state incorporated.

Years under present ownership. Private or publicly held.

List primary officers of company.

Who in the company will sign the lease, name, title and years with company.

Bank Reference: Name, address, account number, primary contact with phone number.

Addition information may be need once preliminary approval is given, such as most recent financial statements and driver licenses numbers of assigned drivers with social security numbers.

MTP is always prepared to make every effort to assist our prospective clients with their credit applications and all questions and or concerns can be directed to Bob Maurino, GM Sales & Marketing at MTP.

Please call or e-mail your questions to: bob@mtpautoleasing.com

MTP VEHICLE MANAGEMENT and CONSULTING

• MTP LEASES ALL MAKES AND MODELS, FOREIGN AND DOMESTIC, CARS, TRUCKS, VANS AND SPORT UTILITY VEHICLES.
• MTP offers creative financing and has the capability to participate in special dealer finance plans and or manufacturer programs.
• At MTP AUTO LEASING we will advise you as to the best mileage and maintenance plans for your vehicles.
• At MTP we pride ourselves on our superior customer service. We consistently monitor and survey our customers to be sure all our support people are easily assessable.
• We have a firm company wide policy which does NOT allow the use of an automated answer system. Therefore, when you call MTP you will get real people with answers, not machines with questions.
• Also we will keep you informed of the latest vehicles and special fleet pricing which might be available to you no matter which make and model you previously leased.
• MTP also has the capabilities to take advantage of DIRECT DEALER LEASING PROGRAMS, SPECIAL MANUFACTURER FINANCING AND CUSTOM PROGRAMS AVAILABLE FROM THE FOREIGN AND DOMESTIC DEALERS.
• As you can see only a true custom service leasing company like MTP AUTO LEASING can do all of this for you.
• At MTP we're small enough to care about you and your company, yet large enough to provide full extensive services for all your vehicle needs.
• All this has enabled MTP AUTO LEASING to have a renewal rate of 85%, a client average of better then 8 years service and a majority of our new customers come to us by word of referral from existing clients.

MTP Auto Leasing & Services
247-25 Jericho Tpke., Bellerose, NY 11426
Phone: (718) 343-0106, (516) 352-0151