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NAPL Equipment Lease Review Service Can Trim Leasing Costs 5%-15%

Friday, December 01, 2006

Press release from the issuing company

PARAMUS, N.J., NOVEMBER 30, 2006 – Printing companies account for about $3.5 billion of the growing $230 billion equipment leasing marketing, according to industry estimates. How leases are structured can have a significant impact on the total cost of a lease—and on printers’ bottom lines. Now printers have help in navigating the complexities of equipment leasing with NAPL’s Equipment Lease Review service, implemented by NAPL Consultant Mary Redmond. Redmond, president of Independent Lease Review, has more than 21 years of experience working for some of the largest leasing companies in the United States. During the past five years she worked exclusively for business owners and has saved them $3,500,000 on their lease costs. She now brings her “insider’s perspective” to NAPL members as an exclusive client-side lease review and negotiation specialist. “Equipment leases are complicated agreements containing many variables that can and should be negotiated,” Redmond says. “Not retaining a qualified review specialist, familiar with the subtleties of leasing language and processes will end up costing you more—sometimes a lot more on every lease agreement. Many printers today are immersed in running their business and have little time to do a careful review. Those that do make the effort can get confused by the terminology. It’s possible to cut 5% to 15% from the cost of every new lease if you request a review before you sign on the dotted line.” Through NAPL’s Equipment Lease Review service, Redmond guides printers through the complexities of leasing using her exclusive 26-point review process to identify pitfalls. Redmond makes recommendations to clients on contract issues and recommends changes that help printers achieve their business goals. Her team is available to negotiate the lease and present a final contract that is guaranteed to save money. NAPL’s Equipment Lease Review service is one of the offerings of NAPL’s Professional Services Group, a team of industry experts delivering independent advice to owners and senior managers of companies needing specialized know-how, and practical insights as they consider strategic options or make critical decisions for their business. For more information, contact John Hyde, managing director, NAPL Professional Services Group, at jhyde@napl.org or (800) 542-6275, ext. 6313.




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