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Governmental Lease/Purchase Programs
In today's environment of declining tax revenue and increased operating costs, cities are searching for new and innovative ways to finance badly needed capital equipment purchases. Today taxpayers demand that municipal leaders hold the line on taxes while insisting that more and better service be provided. Lease/purchase plans give governmental entities fast and flexible ways to acquire equipment when it's needed, and at the same time, eliminate the complexity of a bond issue or (in most cases) the time necessary for general voter approval.

Lease/purchase plans are economical because they offer tax-exempt interest rates while still building equity toward ownership. Nation-wide, knowledgeable states, cities, towns, and villages are turning to lease/purchase plans as a viable way to provide much needed services in lean times. Last year alone, municipalities leased over $12 billion worth of equipment.

Interest rates will vary, of course, with the economy depending on the amount of the purchase, corporate credit rating and term of the loan.

A Lease/purchase plan can be used to purchase:

• Tub Grinders
• Chippers
• Wood Hogs
Slow Speed Shredders

• Virtually ANY equipment needed by a qualified government agency

• Avoid large, lump-sum expenditures
• Avoid repercussions of tax increases
• Avoid the complexity of bond issues
• Obtain needed equipment at today’s prices, while taking advantage of tax-exempt interest rates
• Maximize limited budget funds, as only the current year’s lease payments need be included in the operating budget
• Accumulate equity with each and every installment
• Realize ownership with a final payment of $1.00 at the lease’s end
• Put an end to the financial and operational struggle of keeping worn-out equipment in service
• Gain the cash flow benefits of periodic payments
• Free your capital for operating needs such as construction projects, road maintenance, emergency medical response systems, and more.