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Equipment Procurement ( cont 'd) <br /> The results of our analysis of methods based on hourly <br /> cost are as follows : <br /> 1. Outright purchase $ 14. 40 <br /> i <br /> 2. Lease purchase 11. 97 <br /> 3. Total cost purchase 14. 40 <br /> 4 : Pure lease, full maintenance 10. 35 <br /> This is shown on the diagram as follows: <br /> Outright Outright W & M Perform. <br /> ® + ® $14. 40 <br /> Purchase purchase warranty warranty hour <br /> Lease Lease W & M Perform. <br /> L = + + _ $12. 00 <br /> Purchase purchase warranty warranty hour <br /> Total Cost Total Cost W & M Perform. <br /> — + + _ $14 . 40 <br /> Purchase purchase warranty warranty hour <br /> Pure Lease Pure W & M Perform. <br /> Full = + + = $10 . 35 <br /> Maintenance lease warranty warranty hour <br /> It is noted that the cost per hour for pure lease is the <br /> lower cost on the basis of the information available; however, it <br /> is recommended that the county select the method of equipment <br /> procurement by requiring alternate bidding to include all methods <br /> and thereby being enabled to select on that method offering the actual <br /> lowest cost per hour rate. <br /> - 16 - <br />