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Municipal equipment leasing is specialized financing that allows government entities to acquire almost any kind of new or used equipment. From police cars to modular classrooms and everything in between! Municipal lease purchase is an ownership plan, not a rental.
Municipal Equipment lease programs are available to State,
County and Municipal governments and their agencies:
| School Districts |
Community Colleges |
State Universities |
| Fire Departments |
Law Enforcement |
Public Safety |
| Water and Port Authorities |
EMS |
Hospitals |
Lease Purchase Financing. Have It Your Way!
We will structure the equipment lease
to accommodate your needs and cash flow.
- Flexible Payment Options to meet your budgetary needs. Choose the length of contract, payment interval (monthly, quarterly, semi-annual or annual) and advanced or arrears payments as necessary. Terms from 2 to 15 years. Match the life of the equipment to the lease term!
- No down payment or security deposit required. Lease payments remained fixed.
- Non-Appropriation Clause built in to our lease agreement which allows payments to come from the operating budget. If funds for the equipment become unavailable for any legal reason, the equipment is returned and the lease can be terminated.
- Buy-out Option anytime after the first fiscal year. A detailed amortization schedule is provided for every transaction.
- Escrow agreements, if necessary, can be structured to provide for incremental disbursements for transactions requiring long installation periods or multiple vendor disbursements.
The Following represents a partial list of the types of property that
may be financed through our municipal equipment leasing programs.
New or Used Equipment Acceptable
| Modular Buildings | Computer & Peripherals |
| Jail Facilities | Software |
| Library Systems | Excavators |
| Law Enforcement Equipment | Bulldozers |
| Fire Stations | Modular Classrooms |
| New & Used Fire Trucks | Street Improvement Projects |
| Fire & Safety Equipment | Cafeteria Equipment |
| Communication Equipment | Air Conditioning & Heating |
| Video Equipment | Buses & Transportation Equipment |
| New & Used Ambulances | Education Equipment |
| Medical Equipment | Telephone Systems |
| Garbage handling Equipment | Energy Management Systems |
| Street Sweepers | Sewer Treatment Equipment |
| Generators | Fresh Water Treatment Equipment |
| Maintenance Equipment | Airport Equipment |
| Classroom & Office Furniture | Material Recovery Equipment |
| Copiers | Traffic Control Systems |
| Service Contracts | Parking Meters |
| Gas Conversion Equipment | Garbage Trucks |
| Water Trucks | Street Cleaners |
| Police Cars | |
BENEFIT: Tax advantaged municipal equipment leasing rates are almost always lower than comparable commercial borrowing because the interest income to the funding source is exempt to Federal income tax.
BENEFIT: Avoid the lengthy and costly process of issuing bonds for equipment.
BENEFIT: Municipal equipment leasing conserves cash flow allowing use of the equipment to be matched to the tax revenue in those periods.
Let Columbia Finance help you realize the BENEFITS of
Municipal Lease Purchase Financing
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