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Municipal Lease Financing Program

Lease Financing enables municipalities to enhance their cash flow by spreading the cost of equipment over several fiscal periods. This allows both current and future taxpayers to pay the cost, thus stretching tax dollars. Lease Financing also provides a hedge against inflation. Equipment purchased at today’s prices can be budgeted in less-valuable future dollars over the term of the lease. For virtually any kind of equipment, leasing makes sense. In fact, it’s the most frequently used method of equipment financing in the United States.

What is municipal lease financing?

A specialized, tax-advantaged type of financing that allows government entities to acquire almost any kind of new or used, essential-use equipment, computers, hardware, vehicles or software. From air conditioners to fire trucks, police cars to modular classrooms and everything in between! These are lease-to-own programs with no residual and no end-of-lease buyout. Title passes at delivery, not at lease end. Doing more with less is all about using municipal lease financing to maximizing the buying power of the budget dollars you have now, for what you need today and tomorrow. And without bonds!

Municipal lease financing is often the lowest cost financing option.
Tax advantaged municipal leasing rates are almost always lower than any comparable commercial borrowing. Here’s why: Tax exempt municipal leasing is more aggressively priced because the interest income to the funding source is exempt from Federal income tax. Our cost of funds starts lower and the government entities cost of funds is lower too!

Municipal leasing is faster, less expensive and easier.
Unlike complex bond financing or conventional financing, municipal lease financing is a very streamlined process that provides access to the most aggressive rates available. From as small as $5,000 to $20 million and more!

► One-Page application to $100,000.00 Same day approvals.
► No “Opinion of Counsel” required for leases under $50,000.00
► Non-appropriation language included on all leases
► Get a prompt, written, no-obligation quote any time!
► No voter approval required
► Municipal agreements do not create balance-sheet “debt.”
► NO DOWN PAYMENTS required on our municipal agreements.

Totally Flexible Payment Terms
Just tell us what YOU need! We offers a range extremely flexible payment terms (monthly, quarterly or annual payments in advance or arrears, even deferred and step up/down) designed to fit any agency’s budget process. Terms to 5 years on most equipment.

Non-Appropriation Language…No Problem!
Our federal, state & municipal leasing programs have “non-appropriation” language built in, automatically. In the event funds are not available for any legal reason, the equipment is returned and the agreement can be terminated.

Reasons to consider a lease with Treasure Coast Equipment Financing, Inc.: