Major bank seeks auditable residual value matrix

SITUATION

A major bank equipment leasing company seeks an auditable residual value matrix to assist its sales and equipment management staff.

SOLUTION

Alta’s equipment management staff had been providing RV matrices to companies over a long period of time. The challenge in this instance was to provide a matrix that was auditable (with cost data records) and to provide asset management assistance to the leasing company sales and equipment management staff. The final product encompassed more than two hundred equipment types in twenty-two categories and has been successfully used to this day. This auditable residual value matrix is currently available to secured lenders and equipment leasing companies.