What is a Global Conversion?

Have you ever heard the term Global conversion but never knew what it meant? Simply put, a Global conversion is when an active Global Rental customer decides to convert their rental units into a longer term lease with Altec Capital, resulting in a lower monthly payment. This is done for many reasons but is typically when a customer is awarded a contract and will need the equipment for an extended period of time. Global conversions are an optimal choice for many customers who already know and trust the equipment but can now take ownership of the asset.

With Global conversions, customers will receive rental credit toward the unit cost, therefore reducing the total amount they will need to finance. Altec Capital will work with customers on an individual basis to arrange a start date for the lease.

Global Rental has an extensive fleet available for customers interested in Altec equipment. There are no time limitations with a Global conversion – whether the unit has been rented for one month or 36 months, the customer can convert the rental to a lease with Altec Capital.

A Global conversion is a strategic move for customers looking to cut costs and purchase equipment they have already operated. Pat Williams, Senior Director Supply Chain at Intren, says, “Global conversions are very simple and streamlined to perform.  We have used Global conversions for some time now to optimize the balance of our equipment portfolio.”

The greatest value Altec offers our customers is that one company handles everything. Because Global Rental and Altec Capital work hand-in-hand, Altec is able to offer these purchasing opportunities for our customers.

To learn more about Global Conversions, call (888) 408-8148 or contact an Altec Capital representative online.