Method of financing and maintaining a railway track

• US 20080109337A1
• Filed: 11/07/2006
• Published: 05/08/2008
• Est. Priority Date: 11/07/2006
• Status: Abandoned Application

• Current Assignee: Polymer Global Holdings
• Original Assignee: Polymer Global Holdings
• Inventors: Mensonides, Jelle, Dencer, Tayton
• Application Number:
  US11/593,848
• Publication Number:
  US 20080109337A1
• Time in Patent Office: Days
• US Class Current: 705/35
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

The present invention proposes a leasing arrangement of composite railroad ties constructed of, for example, recycled automobile tires, to a customer over a lengthy term while ownership in the ties remains with the supplier/leassor. The leasing arrangement can be spread over twenty years or longer, such that the initial start up costs is a fraction of that for wood ties, much less composite ties, and the customer also realizes the benefits of the enhanced durability of the composite ties. The supplier may also agree to replace the composite ties as necessary, and thus the customer has a fixed and manageable annual (or other incremental) cost that provides predictability and low cost insurance that is not available for purchased ties.

Claims

1. A method for financing composite ties used in a railway system comprising:

acquiring a plurality of composite railroad ties made from a synthetic material;

identifying a customer for said composite ties;

entering into a lease agreement where possession of the railroad ties are transferred to the customer in exchange for future rent payments;

transferring possession of said composite ties to the customer that does not transfer ownership in the composite ties to the customer; and

collecting regularly scheduled payments from said customer pursuant to said written agreement.

2. The method for financing composite ties used in a railway system of claim 1 further comprising the step where ties are replaced by leassor under terms of said lease agreement.

3. The method for financing composite ties of claim 1 where the lease agreement is an operating lease.

4. The method for financing composite ties of claim 1 where the lease agreement includes a fair market purchase option at the end of the lease.

5. The method for financing composite ties of claim 1 where the lease agreement is part of a master lease agreement.

6. The method for financing composite ties of claim 1 where the lease agreement constitutes a true lease.

7. The method for financing composite ties of claim 1 where the lease agreement provides for a transfer of rights under the terms of the lease agreement.

8. The method for financing composite ties of claim 1 where the lease agreement provides for automatic renewal of the lease.

9. The method for financing composite ties of claim 1 where the lease agreement provided for conditions, if any, that subleasing can be arranged under the lease agreement.

10. The method for financing composite ties of claim 1 where the lease agreement provided for maintenance of the railroad ties.

11. The method for financing composite ties used in a railway system of claim 1 further comprising establishing a payment value based on a year-by-year replacement probability for the composite ties.

12. The method for financing composite ties used in a railway system of claim 1 further comprising establishing a payment value based on an estimated discount rate for the present value of a future cost/income.

13. The method for financing composite ties used in a railway system of claim 1, where the synthetic material is derived from recycled automobile tires.