Municipal Leasing, School Leasing & Law Enforcement Leasing

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Government Leasinggovernment leasing, municipal leasing, public safety equipment leasing
State, County & Municipal Leasing Programs

What do you do when there's "no money in the budget?
Most administrators have probably heard that expression, a few too many times lately.  Most government agencies “live” year-to-year, appropriation-by-appropriation, grant-by-grant, with spending horizons that rarely cross over fiscal periods.

 “It’s either in the budget, or its not…” 

If not, most agencies simply can't make the purchase, no matter how critical the need.  But that doesn't necessarily mean you have to walk away.  Many government agencies are not familiar with how EASY it is for them to lease essential new equipment, paying for that equipment, monthly, quarterly or annually as their current appropriations allow.

Why pay in advance for essential equipment
...that your agency will be using for years?

In most government lease scenarios, funds come out of OPERATING accounts  and are not “booked” as capital expenses (often BIG a plus), due in part to built-in non-appropriation language and on Federal transactions, termination provisions.    And leases do not create balance sheet “debt,” for accounting purposes.


"Why Government Leasing Makes Sense!"

Just about any equipment for:

Municipal Governments Law Enforcement
School Districts Fire Departments - Paid/Volunteer
Modular Buildings State Governments
County Governments Park & Recreation Equipment
Highway/Roads Departments Administrative Offices
Police - State & Local Prisons & Correctional Facilities
State, County & City Hospitals Water Districts
Human Services Universities & Community Colleges

Special Considerations for Federal & Municipal Leases:
bulletNo Down Payments / No Deposits
bulletTwo Page Application for municipal transactions. Two Day Approvals
bulletNo Financials for small municipal transactions.
bulletAutomatic Approvals for Federal Agencies.   No credit application for Federal transactions, credit approval is automatic.
bulletSoft Collateral "OK" including 100% software! (to 36 months)

Non Appropriation, NO PROBLEM!
Most government agencies are blocked (by statute) from entering into financial commitments that extend beyond the current fiscal year.  Our government leases specifically include "NON APPROPRIATION" language wherever required by law.  In the event funds are not available for any legal reason whatsoever, the lease can be terminated.  (equipment must be returned) Complete details are in the "Non-Appropriation" section of the lease agreement. (please call for details). 

Cash Flow Friendly Options Available
bulletMonthly, Quarterly, Semi-annual  or Annual.  In advance or in arrears
bulletDeferred Payment Leases.  Take delivery now, lease payments are deferred until the start of the next fiscal or accounting period.
bulletStep Payment Leases.   Lease payment step up or down to match cash flow.
bulletSkip Payment Leases.  To match seasonal cash flow. e.g. Municipal golf course, the municipal pool and of course, school districts!

 

LEASING may be an especially attractive option for government entities, with tight budget constraints--both in terms of capital acquisitions (vs. operating obligations) and budget timing. 

Equipment That Can Be Leased to Government Entities
Virtually any equipment qualifies-- from road building equipment to software, fire trucks to office copiers and just about everything in between!  [What Governments Can Lease]

Federal Government Leasing - Some Key Differences
The federal government generally does not enter into lease agreements with third parties (like leasing companies or banks).  Most agencies however, are free to assign the proceeds of their purchase orders (i.e. the stream of payments) under the purchase Terms & Conditions, to third parties like First Capital.  The Terms & Conditions of the purchase order will indicate the "structure" of the stream of payments--whether that is monthly, quarterly or annually and the total number of periods etc.  These structures will  include the required "non-appropriation" and "termination for convenience" language.  This becomes what we would view in a commercial environment as "the lease." 

The vendor (federal contractor) is paid in full upon delivery and acceptance of the equipment and is "insulated" from any termination or non-appropriation issues in the future, other than those specifically related to the vendor's own non-performance under the purchase order terms. 

Leasing puts most vendors (federal contractors) in a substantially better position than if they were "at risk" for all of contingencies under a typical government contract. 

Dealer Programs.  Do you have distributors, VAR's, independent reps. or dealers? [MORE] 



Press here for more on the Advantages of Municipal Leasing to your department.


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Get Prompt, Written Quote from our sister sites Police-Lease.com & Municipal-Leasing.com 

Police, Sheriff & Law Enforcement

Quick Quote! or a Buying Power Quote*

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State, County, Municipal,
Special Districts & Authorities
(All other equipment)

Quick Quote! or a Buying Power Quote*

 

*What's a Buying Power Quote?  We've turned the "typical" quoting model on its head.  With a Buying Power Quote, YOU TELL US HOW MUCH YOU HAVE TO SPEND (in your annual budget) and WE'LL SHOW YOU HOW MUCH YOU CAN BUY--TODAY with that same annual budget.  Very helpful.

 

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