Speed - Immediate acquisition of the equipment you need.
Ownership - Equity builds with each payment - there are no residuals.
Low Cost - Low tax-exempt interest rates, no up-front costs of issuance.
Hedge - Purchase equipment at today's prices and pay with tomorrow's dollars.
100% Financing - Fixed rate and term with no issuance costs and no down payment.
Flexibility - Manageable cash flow with flexible payments that suit your unique budget requirements.
Convenience - No Expensive and time-consuming voter referendum - your lease is paid from current appropriations so it isn't considered long- term debt.
Municipal lease-purchase agreements are basically structured as installment sales contracts which are payable from current appropriations. Municipal leases are not considered to be long term debt. Lease terms can vary from one to fifteen years and payments may be made monthly, quarterly, semi annually or annually, in advance or in arrears.