Why Lease

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.
• Vendors:
  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.