Leasing for State, County & Municipal Governments
Our 26th Year
Municipal Leasing

Home
About Us
Police Car Leasing
Fire Truck Leasing
School Leasing
Public Works Leasing
Justice & Court Leasing
Energy Management
What Is Tax Exempt?
Municipal Lease Quote Now
Contact Us!

Municipal Leasing
     ...A Very Smart Choice

Municipal leasing is "the smart choice" for acquiring essential and perhaps more importantly, expensive public safety (police & fire), infrastructure, (roads & bridges), construction, school and maintenance vehicles and equipment.

Funding is getting harder to come by as tax payers are getting squeezed, state and federal government funding is being cut back or cut off altogether.  Inflation keeps the cost of municipal vehicles high and the maintenance of older, while less reliable equipment and vehicles continues to rise. 

Why continue to fund your department by paying in advance for all of your capital equipment, when a municipal lease allows you to "pay as you go?"  Matching tax receipts year-by-year to municipal lease payment as they come due year-by-year.

Municipal Leasing Spreads the Cost of Capital Purchases
Here's Ho
w:

bulletMunicipal leasing allows governments to spread the cost of expensive, long-lived equipment and vehicles over their useful lives and multiple budget periods--instead of paying for everything in advance.   And it just makes sense.
 
bulletMunicipal leasing programs provide the lowest cost, non-debt, interest rates available.  Municipal leases compare very favorably to bond rates, but without the extraordinary legal fees, without the protracted delays and public referendums normally associated with bonds.  On smaller transactions (under $1,000,000) our all-in costs are far lower than bonds.
 
bullet

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.
 

bulletMunicipal leases allow governments to match tax receipts to capital expenditures for new equipment.  A much more conservative budgeting approach.  If a new fire truck has a useful life of 15 or more years, why not pay for it over a longer period? If a new sewer vac is going to be in service for 8 years, why not pay for it over 8 years?  Most police cars are on the road for 3-5 years, and so on.
 
bulletBuying power.  Municipal leases effectively "multiply" the purchasing power budgeted funds.  A $100,000 annual line item might buy 4 new police cars this year, but dedicated to a municipal lease, the same series of annual payments ($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.  Every vehicle and every piece of equipment is titled to your agency from the day of delivery.  You own this equipment exactly as if your had made a cash purchase. Win-win!

What is "tax-exempt" municipal leasing and what does it mean to your agency?

 

 
 

First Capital Equipment Leasing Corp.
800-541-0114
 © 1985-2011 First Capital Equipment Leasing Corp. All Rights Reserved. 103011