Lease or Purchase

Municipal Leases are designed for State, Parish, City, Town, Village, Local Governments, Special Districts & Authorities and all other Municipal Governments and their Agencies that qualify under IRS Section 103, including, but not limited to; Law Enforcement, Fire & EMS, Public Works & School Systems.

SPREAD COSTS OF ASSETS OVER THEIR USEFUL LIFE, ACQUIRE VEHICLES AND EQUIPMENT WITHOUT MAJOR UPFRONT CASH OUTLAYS, LONG-TERM DEBT OBLIGATIONS OR BOND REQUIREMENTS IN A NON-DEBT, TAX-EXEMPT ENVIRONMENT

· SPREAD COST Over Multiple Budget Years Without Incurring Debt

· Budget Year Dollars Up To 4X’S MORE EFFECTIVE Than Single-Payment Purchases

· BOND NOT REQUIRED 

· Acquire From ANY VENDOR (State Contract & Off-Contract)

· ADDITIONAL EQUIPMENT And Upfit Content Can Be Included

· NO DEPOSITS Or Down Payments

· Vehicles TITLED TO YOUR AGENCY As Owner

· NO RESTRICTIONS On Mileage, Wear, Tear or Use

· NO PENALTIES For Early Termination Or Early Payoff

· YOUR CHOICE Of Maintenance, Service and Insurance 

· FREE & CLEAR OWNERSHIP At The End Of The Lease Term For A Sum Not To Exceed $1

· IMPROVED ROTATION SCHEDULE For Your Vehicles & Equipment

· Newer Vehicles = HIGHER RELIABILITY & LOWER MAINTENANCE COSTS

* State Contract & Off Contract Vehicles & Equipment

Our Municipal Leases, known as Lease-Purchase Agreements, contain a non-appropriation clause and do not contain anti-substitution or penalty clauses, as such, they are not considered a "debt" or "evidence of debt" and in essence are funded on a fiscal year to fiscal year basis and only involve currently appropriated revenue, and, therefore do not incur indebtedness and do not constitute incurring debt requiring State Bond Commission approval.

* Bond Not Required

* Non-Appropriation Clause (& No Anti-Substitution Clause)

Vehicles are titled in the name of your agency and provide the right to purchase them at the end of the lease term for a sum not exceeding $1. Additionally, your agency may at anytime during the lease-purchase agreement, complete the purchase of the vehicle and equipment without penalty for the amount of remaining lease payments less unearned interest from the future payments.

* Lease-Purchase aka "Lease-To-Own" (Lease-End Buyout $1 or Less)

* Titled To Your Agency

* Additional (Upfit) Equipment Can Be Included

Whether it's your intent to own the vehicle(s) and equipment at the end of the lease term or whether you want a steady vehicle rotation and replacement schedule, a Municipal Lease is an ideal tool. We often see aged fleet with high maintenance budgets and the additional costs of downtime, as a general rule, NEWER VEHICLES = HIGHER RELIABILITY & LOWER MAINTENANCE COSTS. Utilizing municipal leases can help you maximize the effectiveness of your budget and help you do more with less.

* Improve Your Vehicle Rotation Schedule

* Spread Costs Over Multiple Budget Years