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Johnson’s multiple chassis turns = lower leasing payments
Here’s the math:
| 24-ft. Aluminum Body |
| 5 Year Structure |
Truck |
24' Std. Aluminum |
Mechanical Refrigeration |
| |
Cost |
Residual |
Cost |
Residual |
Cost |
Residual |
| |
40,000 |
10,000 |
18,600 |
1860 / 10% |
22,000 |
0 |
| Payment @ 7% interest |
773.00/mo. |
315.00/mo. |
370.00/mo. |
| |
|
|
|
|
|
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Truck, Body & Mechanical Refrigeration rolled out in 5 years
Total finance payment cost $1458 / mo.
|
| 24-ft. Johnson Fiberglass Body |
| 5 Year Structure |
Truck |
24’ Johnson Body
@ 10 yrs |
Mechanical Refrigeration |
| Body on 2 chassis |
Cost |
Residual |
Cost |
Residual |
Cost |
Residual |
| |
40,000 |
10,000 |
20,405 |
2040 / 10% |
22,000 |
0 |
| Payment @ 7% interest |
773.00/mo. |
224.00/mo. |
370.00/mo. |
| |
|
|
|
|
|
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Truck & Mechanical Refrigeration rolled out in 5 years. Body rolled out in 10 years. For purposes of this example we used 10% residual but 30% is more realistic for Johnson.
Total finance payment cost $1367 / mo.
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Finance payment savings is $91/mo. Or, $1092 / Year
Johnson has higher residual values.
Johnson bodies typically have a 20% loss in depreciated residual value the first year and 10% every year thereafter. |
| Year |
|
|
|
| $20,405 |
| $16,324 |
| $14,691 |
| $13,222 |
| $11,900 |
| $10,710 |
| $9,639 |
| $8,675 |
| $7,808 |
| $7,027 |
| $6,324 |
| = 30% |
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| Example of a purchase price for a 24' Johnson |
 |
| 20% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| 10% loss in depreciated residual value |
| Residual Value vs. Competitors will be 10% or Less |
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Finance lease payment savings is $91/mo. Or, $1092 /Year |
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