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Dec27
Introduction
Hello, my name is Shawn Halladay, and I will be hosting this blog. I should start out by saying that, although about leasing, my blog will focus almost exclusively on equipment leasing, with an occasional discussion of auto leasing thrown in. No real estate, though, unless there is equipment involved in the overall lease, such as in a cogeneration facility.
 
My goal here is to thoroughly explore the applications and practices of equipment leasing around the world, including all the similarities and differences between locales. I expect the discussions to be wide ranging, always informative, and often evocative. The topics covered will be from the simple to the complex, dollar outs to LILOs, and everything in between.
 
Just so you know a little bit about me, I have a degree in accounting, along with an MBA, and began my career as an auditor with Arthur Andersen & Co. It was during this time that I was licensed as a CPA and got my first exposure to real world leasing (although I did complete my senior paper on the newly-issued FASB 13 prior to this time). Since then, I have performed lease/buy analyses as a lessee, closed deals as a lessor, and solved numerous leasing problems in my current role as a consultant to the leasing industry.
 
I have taught equipment leasing courses throughout North and South America, Europe, Asia, and the Middle East, consulted extensively, and written eight books on equipment leasing, including the Handbook of Equipment Leasing. I am a member of the Equipment Leasing Association in the US and serve on several of its committees. The value to you of all this is my exposure to so many aspects of the equipment leasing industry, including its evolution over the past 25 years.
 
Although an accountant by background, I like to think of myself as being able to also see the practical side of leasing issues. The combination of theory, practice, wide-ranging experience, and a predilection for heavy metal music, should provide you with an interesting perspective and insights into equipment leasing.

As in any good learning environment, our give and take is what will make LeasingNotes work, so I encourage you to ask questions, challenge ideas, and let me know what you think. In this way, we can all gain the maximum benefit from this experience.

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19 Comments/Trackbacks




Sounds like an interesting topic. But no mention of the rock career in the 70's and 80's?

I say publish the senior paper, the public demands it and deserves it.

Shawn,

We are thrilled to have such a nationally renowned expert become part of our network. What reporter or journalist would ever be able to give the insight and depth of coverage of this topic as you could? Your participation is a validation of this our belief. We thank you and welcome you to the team.

Shawn, great idea to start this blog. Look forward to reading more.

Shawn, I will read your blog regularly. I find it difficult to find timely and relevant content on equipment leasing and finance.

Looking forward to your reading your opinions.

Jay

Thanks, Larry. I will try to keep it interesting.

Thanks, Jay. Are you still helping lessees?

I read about your blog in the Monitor, and was happy to find this.
I look forward to reading your articles, and learning more about equipment leasing.
Thanks,

Shawn, yes I am still advising lessees, managing their leasing activities, and resolving conflicts with lessors.

I hope the value remains high, Doug. Let me know if there are topics or questions that you would like addressed.

Hi Shawn. Glad to see you on the team. Welcome !

» Lucky Number 7 from Know More Media
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Hi, I am looking for criteria that determines whether equipment where fair value cannot be determined could be a sales type or Full Service. I am looking at it from the lessor's side and have little to go on. Could you advise? I am looking at the FASB archives.
Thank you.

Can you provide me with a little more detail, Susan? Is this a case in which the lease is bundled with other services, making it difficult to determine FMV? If not, why can't the FMV be determined? If the equipment is being sold, it must have some determinable value.

Shawn,

Excellent article on knowing your vendor - I look forward to more articles on risk management in the equipment leasing industry.

Thanks, Dan - suggestions are always welcome. Anything new going on at LeaseTeam?
Shawn

Shawn -

This morning you and I discussed the EBO economic compulsion test that is common in the big ticket, leveraged lease world and you mentioned to me that the rub with the IRS here is where Lessors and Lessees attempt to shorten the term of the lease for purposes of accelerating the pickle depreciation. How does offering an EBO shorten the term of these deals?

hi sir,
i am a female from france and i am a orphan but i was introduces to you by one of my friend .i want you to help me.my father has a money in in his account before he died and how to retrieve the money now is a problem.i will like you to help me out.i will give you the bank details and information in france paris.i will be very grateful to hear from you.best regards.
jane mike.

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