Lease Refinancing: Observations on GSA's Proposed Master Leasing and Army's Lease Programs.
Abstract
In your letters of March 6, and 16, 1989, you asked us to evaluate the Master Installment Purchasing System (MIPS) program proposed by the General Services Administration (GSA) and the lease refinancing pro- gram which the Army currently has underway. You asked us to focus on determining whether separating lease financing from equipment pro- curement, as called for in the MIPS and Army programs, could signifi- cantly reduce costs to the government. This interim repoft discusses (1) current federal government equipment lease requirements, proce- dures, and practices, (2) GSA's proposed MIPS program to reduce future equipment lease costs, and (3) Army's ongoing lease refinancing pro- gram to reduce current equipment lease costs. This report also discusses the financial structure, scope, and overall objectives of the MIPS and Army programs. As agreed with your office, in a separate repoft, at a later date, we will discuss whether it is feasible to implement MIPS or Army-type lease refinancing concepts on a Department of Defense-wide basis and estimate the range of potential cost savings that could result.
Document Details
- Document Type
- Technical Report
- Publication Date
- Nov 01, 1989
- Accession Number
- ADA292034
Entities
Organizations
- United States Government Accountability Office