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Our 24th Year
Municipal Leasing

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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:

bulletMunicipal leasing allows governments to spread the cost of expensive, long-lived equipment and vehicles over its useful lives--instead of paying in advance.
 
bulletOur 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.
 
bulletMunicipal 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.
 
bulletMunicipal 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.
bulletBuying 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.
 
bulletUltimate 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.

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