The NGV Global Group has instituted specific tools and processes to locate and purchase CNG vehicles at public and private auctions for minor refurbishment and/or major remanufacturing and resale to a fast growing secondary market in Unites States, Mexico and South America. As a value-added reseller of used equipment, this effort will serve as another major profit center and assist in generating a continuous revenue stream during various cycles in the CNG conversion center process. We are very optimistic about the sales numbers we can achieve by helping school districts and goods delivery companies save money by purchasing bumper-to-bumper refurbished vehicles upgraded with new Natural Gas engines for roughly half the price of equivalent new vehicles.
Combining CNG vehicles rental and leasing options is a great way to allow prospective customers to experience CNG and the benefits it provides. Our long term lease-to-purchase option of CNG powered vehicles levels the financial playing field by removing the price differential of a natural gas truck versus a diesel truck. By operating on CNG, many of our customers simply allow the fuel savings to accommodate for leasing payments while the company manages the cash flow situation.