Advantages of Leasing for Government Agencies
- Flexibility in Lease Terms:
Most departments do annual payments, but we have available monthly, quarterly and semi-annually. We can also do payment deferrals on a case by case basis.
- No Prepayment fees:
If you choose to pay off your vehicle early, there will be no penalty for early buy-outs.
- Non-Appropriation Clause:
This specifies that the lease may be terminated in the event funds are not available in subsequent fiscal years.
- Ownership Plan:
A Municipal Leasing can be a 3, 4, or 5 year program. After completing the payment schedule, you will own the equipment.
You may use multiple vendors to furnish equipment under a single lease agreement.
- Low Interest Rates:
Municipal Agencies can obtain interest rates at a lower rate than commercial financing. This puts money in your pocket.
- No Bonds Needed:
Skip the lengthy and expensive process of issuing bonds for needed equipment.
- No Balloon Payment or Residual Payment at completion.
Please Call Us at 1-719-439-8907 (Colorado Office), 1-402-315-3792 (Nebraska Office), or 1-719-313-9161 (Oregon Office) with any and all questions.