Police Car Leasing
One of First Capital's specialties is the tax-exempt municipal lease-to-own financing for police & sheriff's vehicles and motorcycles, including any essential-use law enforcement equipment upfits. (Your lowest cost type of non-debt financing)

There are two things that every department knows well; new police cars are expensive and no matter what...police cars wear out regularly and must to be replaced or upgraded--its just a matter of time.  Deferring only drives up the maintenance side of the equation while decreasing reliability, response time and ultimately, officer and citizen safety.  Most Chiefs tell us they know that they should be on a set rotation schedule to maintain optimum service levels and minimum service costs--it just seems that the vehicle rotation budget is always the first thing to get stretched or downsized.

New Police Cars
The reason so many departments have turned to municipal lease financing is that municipal leasing provides the financial "leverage" they need make larger capital expenditure for essential new vehicles while spreading those costs over multiple budget periods--a practical, "pay as you go" budgeting model that matches new capital costs with  annual budget allocations based on community tax receipts.

Pay Cash, Wait For a Grant...
   or use a Municipal Lease today?

Grants can be a tempting route, but the process itself can be convoluted and tedious, more importantly the financial outcome and timing are almost always uncertain.  Municipal leasing conserves cash allowing use of the equipment to be matched against to tax revenue over those periods. A "pay as you go" model, that most government planners find is a "perfect budget fit." First Capital's municipal leases can be pre-paid at any time. The government entity may to continue to pursue any potential grant opportunities knowing that that essential new equipment is going into service now, and that should grant funds (or bond proceeds for that matter) become available, proceeds can be used to pay off part or all of the remaining lease balance without penalty.

Multiply your budget by 3, 4 or even 5 times!
Using municipal leasing for your police cars is like multiplying your capital budget by a factor of 3, 4  or 5 times! Here's how:  You can get "roughly" 3-5 times more "purchasing power" this year by applying your annual allocations to a municipal lease then you would if your municipality simply spent the same amount each year on cash purchases.  Looking at it another way, lets say your governing body gives you enough to purchase (3) new vehicles each year.  With our tax-exempt municipal lease you could take delivery of 9-15 new vehicles this year!  Call for a real quote based on your own numbers.

"Tax exempt" municipal leasing--what does that really mean anyway?  There is a very valuable I.R.S. tax benefit to our investors that "exempts" them from federal and in some cases state and local income tax on the interest earned and certain carrying costs on leases made to state, county and local governments.  Our lower tax liability translates directly into significantly lower borrowing rates for our state, county and municipal government customers--it's that simple!

Comparing Leases to Commercial Leases?

May we send a one page comparison of the features, benefits & pitfalls of each?  Request our one-page, plain English Municipal Vs. Leasing to Commercial Leasing Article.