Custom Lease Examples

So why should you lease with Yamaha? Because it’s your course, so it should be your lease. Yamaha Leasing is completely owned and controlled by Yamaha, so we have virtually unlimited flexibility. Four months on, eight months off. A single payment once a year. Deferred payments to free up capital for a new course. Whatever your situation, with Yamaha Leasing, your lease is on your terms. Let’s take a look a few examples of leases we’ve structured in the past:

Custom Lease 1

A Midwestern golf course came to us with a problem. They were going to open late in the season because of delays in a major reseeding project, but they still needed new cars. Not a problem. We developed a lease for them with payments that started in July. They then reverted to their regular May through October payment schedule the following year, which matched up to the months where they had strong cash flow.

Custom Lease 2

One of the private clubs we work with had a membership drive prior to opening for the summer season, which made them “cash rich” in the spring. We structured a lease with a single payment each spring, so they were able to pay when their cash position was the strongest. By paying one payment at the beginning of their season rather than over the summer, their total payments were reduced.

Custom Lease 3

We set up a lease program for a southern course that historically paid cash for their fleet, but found they needed the money for new cart buildings. We applied the equity from their trades against the front end of their payment stream, which gave them a new fleet of cars with the first 18 months paid in advance. They gained the benefit of keeping all the cart revenue with no out-of-pocket payments for a year and a half during the completion of the buildings.

Custom Lease 4

A start-up course we worked with faced a common problem of start-up courses everywhere. They had to borrow heavily to build the course and facilities, and their bankers required a target debt-to-equity ratio. By leasing with Yamaha, this course was able to show a tax deductible expense on their profit and loss statement with no balance sheet impact on their debt-to-equity ratio. The golf car fleet expense never hit their “open to borrow” line of credit.

Custom Lease 5

We structured a lease for a multiple-course management company that had expansion and improvement plans on four existing courses and three resort acquisitions. Even though all the courses were with the same owner, each course had unique needs, and consequently unique payment streams for each facility. The lease kept their lines free for additional opportunities that may occur.

Custom Lease 6

A small 9-hole course wanted reliable golf cars to save on maintenance costs but did not have the financial ability to purchase a fleet of new golf cars. Yamaha was able to provide this small course with certified pre-owned cars, which came with a warranty and received the same leasing program as a new car. This enabled the course to keep maintenance costs down and still have a lease payment that was within their budget.

Custom Lease 7

One of our more established customers was in the process of renovating their golf course when their lease matured. They still wanted to lease a new fleet of golf cars but were unsure of the level of play the golf course would receive during this time. We were able to structure a lease for them with nominal payments for 4 months after which they reverted back to their regular monthly pay schedule. By having a nominal lease payment during their renovation of the course was able to meet those payments and still have new golf cars.

To Put Yamaha Leasing to Work for You...

Call us toll free at 1-866-747-4027. You’ll see that Yamaha is not only an easy car to keep on your course, it’s also easy to put there in the first place.