LeaseItHere.Com - Municipal Financing
Our programs offer Municipalities another tool that you can use to acquire
equipment! Municipal Leasing is another financing tool!
Download Application at right.
equipment! Municipal Leasing is another financing tool!
Download Application at right.
Municipal Lease/Purchase financing is designed to compliment, rather than replace
bond financing. No Cash Down Payment! Tax-Exempt Interest!
No Public Debt Created! Matching Cost with Revenue!
bond financing. No Cash Down Payment! Tax-Exempt Interest!
No Public Debt Created! Matching Cost with Revenue!
Municipal Leases are agreements entered into by state, county, city, town, and other
local governments to acquire essential equipment by paying for it over time. The
payments include both principal and interest. For investors, the most distinctive
feature of municipal leases is that the interest received is exempt from federal
income taxes.
From a strict legal standpoint, a municipal lease is not really a "lease". The
equipment is not rented and used for a time and then returned to the owner, but
actually is bought by the municipality and paid for over time. The municipality owns
the equipment, subject to a lien. The municipality only borrows the money used to
acquire it. The principal and the tax-free interest on the remaining balance are then
repaid periodically, usually in equal amounts over a fixed period of time. Payments
are made in advance or arrears, often on a monthly basis, but sometimes quarterly,
semi-annually or annually.
State and local governments use municipal leases to acquire everything from cars,
trucks and emergency vehicles to computers, other office equipment and even
buildings. Virtually any piece of equipment that is needed by a municipality can be
purchased using a municipal lease.
local governments to acquire essential equipment by paying for it over time. The
payments include both principal and interest. For investors, the most distinctive
feature of municipal leases is that the interest received is exempt from federal
income taxes.
From a strict legal standpoint, a municipal lease is not really a "lease". The
equipment is not rented and used for a time and then returned to the owner, but
actually is bought by the municipality and paid for over time. The municipality owns
the equipment, subject to a lien. The municipality only borrows the money used to
acquire it. The principal and the tax-free interest on the remaining balance are then
repaid periodically, usually in equal amounts over a fixed period of time. Payments
are made in advance or arrears, often on a monthly basis, but sometimes quarterly,
semi-annually or annually.
State and local governments use municipal leases to acquire everything from cars,
trucks and emergency vehicles to computers, other office equipment and even
buildings. Virtually any piece of equipment that is needed by a municipality can be
purchased using a municipal lease.
Please contact us to
obtain a competitive
finance quote or to
ask a specific
question about any
upcoming needs!
obtain a competitive
finance quote or to
ask a specific
question about any
upcoming needs!
Example 1:
$25,000 piece of equipment for $607 per
month for 48 months or $498 per month for
60 months!
Example 2:
$125,000 Fire Truck, Lease/Purchase for
$2,498 per month for 60 months!
Not considered debt, No voter approval
required, No issuance cost and Immediate
funding!
$25,000 piece of equipment for $607 per
month for 48 months or $498 per month for
60 months!
Example 2:
$125,000 Fire Truck, Lease/Purchase for
$2,498 per month for 60 months!
Not considered debt, No voter approval
required, No issuance cost and Immediate
funding!
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