Financing

Improve your cash flow with a Lease Purchase to acquire your fire apparatus, stations, and loose equipment.

 A tax-exempt lease is the most common financing method used in the fulfillment of fire department needs. This type of transaction is also referred to as "government lease-purchase" or a "municipal lease." While it is looked at as a lease, it is similar to a loan, in that you own it at the end and it can be paid-off early if you choose to do so.

 Because leasing is an off balance sheet obligation it is not considered debt. But more importantly, it allows districts to acquire and finance their needs at interest rates that are at or near bond rates, without the added cost of bonds.

Benefits of Financing

• Overcome budget constraints
• Leases qualify for low, tax-exempt rates
• Build equity with each payment
• Leases are quicker, easier and more cost effective that bond issues
• Keep your cash and build your future
• Flexible terms from 2 – 20 years
• 100% financing available
• Often less expensive that paying cash
• Leases do not require:
  • Legal fees
  • Underwriting cost
  • Bond attorneys or broker commissions