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JDC MasterLease Improves Legendary Club’s Cash Flow
Atlanta Athletic Club Superintendent Ken Mangum turned to the JDC MasterLease from John Deere Credit as the club prepared to host the 2001 PGA Championship.
Mangum believed that switching from purchasing to leasing equipment would allow the club to upgrade its fleet quickly, operate newer and more reliable equipment, and allow the club to move equipment acquisition costs from capital expenditures to the operating budget.
“Having it in your operating budget ensures you have the equipment and it’s so much better from a cash flow standpoint,” he says.
At the time he first proposed leasing, Mangum believed the switch would produce immediate savings in equipment repair costs. He was proven right. The club’s equipment repair and maintenance budget dropped from $110,000 to $60,000 with the start of the lease in 1998. Today, those costs stand at $82,000, still 25 percent below where they were when the lease program began.
Read more about how Master Lease Improves Legendary Club’s Cash Flow (PDF)
Master Lease Keeps TCI at “Cutting Edge”
Pat Franklin has relied upon John Deere equipment since he landed his first superintendent’s job in Indiana nearly 20 years ago. Today as general manager of the Tournament Club of Iowa, Franklin operates a state-of-the-art course maintenance equipment thanks to his JDC™ MasterLease from John Deere Credit.
“I know that if I owned it, we would be trying to make it last longer than it probably should,” he says. “Now, I’m right on the cutting edge of technology or one year at most behind. We couldn’t do that if we owned the equipment.”
Read more about how Master Lease keeps TCI at “Cutting Edge” (PDF)
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