Wayne, June 19, 2017 – DLL announced today the
launch of the
Lease by the Hour™ solution in the US market. As the newest addition to
DLL’s Fleet Centric SM Leasing solution suite,
Lease by the Hour is designed to provide customers with a flexible usage-based
solution for saving money when financing equipment.
This usage-based offering eliminates overage charges by offering
flexible options to either return equipment early if it is highly utilized, or pay
on a month-to-month basis at a discount off the original minimum payment. If there is no usage over the monthly minimum
hours, the lease functions exactly like a normal lease and will run to full
term based on these minimum hours, after which the equipment can also be turned
in or extended on a month to month basis as long as the customer and their
maintenance provider wants.
“Lease by the Hour solves a
couple of key issues facing equipment users,” stated Theo Rennenberg, VP of Global
Fleet Asset Management at DLL, “mainly the close matching of the equipment
lifecycle to the lease term, which streamlines equipment replacement cycles and
decreases overall maintenance expenses. Flexible lease products like Lease by
the Hour match the ebb and flow of our customers’ business cycles and are a breakthrough
in our industry.”
The introduction of Lease by the Hour aligns with DLL’s ‘servitization’
offerings, under which manufacturers have more sophisticated usage-based
options instead of the traditional approach of selling equipment outright. This
allows customers to take advantage of a flexible lease term to get the
service they want, and use the equipment to the most efficient levels when they
need it, eliminating obligations and costs associated with outright ownership.
To learn more about
DLL’s Lease by the Hour solution visit: www.dllgroup.com/leasebythehour