Why Lease?

Lease To Own

At the end of the lease term you own the equipment.  There are no additional costs, residual values or balloon payments.

100% Financing

The full cost of the equipment including software, freight and installation can be financed.

Competitive Tax-Exempt Interest Rates

Most of the issuance costs associated with bond financings are eliminated making leasing an attractive alternative.

Flexible Terms

The Lease term is tied to the useful life of the asset making it possible to match payments with the benefits of ownership.  Payment dates and amounts can be structured to meet the Municipality's cash flow needs.

Debt Limits

Lease payments are subject to annual appropriation of lawfully available funds by the Municipality's governing board and are therefore not considered debt in most states.  This enables the Municipality to acquire assets without the time and expense associated with voter referendums.

Simple and Fast

The documentation requirements are substantially less than those for a bond allowing funding in less than two weeks for large transactions.