Lease Refinancing: Progress in Reducing Army's Equipment Leasing Costs

Abstract

DOD leases a wide variety of real and personal property, including buildings, facilities, and equipment. Such leases include several cost components including the interest rate on the underlying financing. These interest rates are often higher than what could be obtained on the open market. A comparison of fiscal year 1985 and 1988 equipment leasing activity shows a reduction in leases and leasing costs over that 4-year period. During 1985, DOD had 5,535 equipment leases valued at about $868 million. Since then, the number of leases has declined by 4,076, or about 74 percent. Table 1 provides more detailed information on equipment leases reported by the major DOD components during fiscal year 1988.

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Document Details

Document Type
Technical Report
Publication Date
Mar 01, 1990
Accession Number
AD1151800

Entities

People

  • Diane L. Williams
  • Ernst F. Stockel
  • Harold P. Santarelli
  • James F. Loschiavo
  • Melanchthon W. Mench
  • Pearline Crosland

Organizations

  • United States Government Accountability Office

Tags

DTIC Thesaurus Topics

  • Accounting
  • Acquisition
  • Air Force
  • Business Administration
  • Contractors
  • Contracts
  • Data Processing
  • Data Processing Equipment
  • Databases
  • Department Of Defense
  • Financial Management
  • Governments
  • House Of Representatives
  • Personnel Management
  • Processing Equipment
  • Procurement

Readers

  • Government Contracting/Procurement.