The Government Leasing Experts
-- Our 35th Year!
800-541-0114
(Click To Call, x-22 for Governments)
Government 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:
 | No Down Payments / No Deposits |
| Two Page Application for municipal transactions. Two Day Approvals |
| No Financials for small municipal transactions. |
| Automatic Approvals for Federal Agencies. No credit application for Federal transactions, credit approval is automatic. |
| Soft 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
| Monthly, Quarterly, Semi-annual or Annual. In advance or in arrears |
| Deferred Payment Leases. Take delivery now, lease payments are deferred until the start of the next fiscal or accounting period. | |
| Step Payment Leases. Lease payment step up or down to match cash flow. | |
| Skip Payment Leases.
To match seasonal cash flow. e.g. Municipal golf course, the municipal
pool and of course, school districts!
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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*
State, County,
Municipal,
Quick Quote!
or a
Buying Power Quote*
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*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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| Call Us 800-541-0114 x-22 | |
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Contact Us Via Email |
Questions: Ask Us |
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