|
| |
Municipal Leasing
Is The Smart Choice
Municipal leasing is "the smart choice"
for financing the acquisition of essential and perhaps
more importantly, expensive working, construction and maintenance vehicles and
equipment.
Why tax-exempt municipal leasing is the smart choice for state, county and
municipal governments:
 | Municipal leasing allows governments to spread the
cost of expensive, long-lived equipment and vehicles over its useful
lives--instead of paying in advance.
|
| Our municipal leasing provides the lowest, non-debt
interest rates available. Municipal leases compare very favorably
to bonds, but without the extraordinary legal expenses, without the
lengthy delays and public referendums normally associated with bonds.
On smaller transactions (under $1,000,000) our all-in costs are far lower.
|
| Municipal leases do not create balance sheet
debt in part because they are subject to the annual appropriation process
and (unlike bonds) can be terminated without penalty if funds are not
available for any legal reason.
|
| Municipal leases allow governments to better budget
scarce funds by matching tax receipts to capital expenditures
for new equipment. If a new fire truck has a useful life of 15 or more
years, why not pay for it over that same period? If a new sewer vac is going
to be in service for 8 years, why not pay for it over 8 years. And
police cars that are on the road for 3-5 years, and so non.
|
| Buying power. Municipal leases "multiply" available funds. A
$100,000 annual line item might buy four new police cars this year, but
dedicated to a municipal lease, the same annual payment ($100,000) could put
18 new vehicles on the street today.
|
| Ultimate purchasing flexibility. With a municipal
lease you can purchase your vehicles and equipment from the dealer of your
choice, or under any state contract. You negotiate the very best "cash
price" and we base our very low interest rate municipal lease on those figures.
Win-win. |
What is "
|
