State, county, city agencies and other political subdivisions may qualify for a "tax exempt lease" more commonly known as a Municipal Lease. At the end of the agreement the agency owns the asset.
A key element of a Municipal Lease is the "non-appropriation clause" that permits the termination of the agreement if funds are not available for payments.
Municipal Leases are used to finance a wide range of emergency and non-emergency vehicles and other equipment. The procedure is fast and easy.
Cash Flow Considerations
Option: Monthly payments in advance or arrears
Option: Quarterly payments in advance or arrears
Option: Semi-annual payments in advance or arrears
Option: Annual payments in advance or arrears
Here's what the government agency does:
Choose the vehicle/equipment and vendor
Negotiate the best price
Here's what we do:
We'll provide a financing proposal for your review and acceptance
We'll arrange a credit line for the purchase and pay the vendor
For more information contact us:
Tel: 1.800.531.3067
E-mail: info@bizfleet.com