MUNICIPAL equipment financing options

1. Lease financing helps overcome budget challenges.

2. Lease financing allows the acquisition of equipment urgently needed without incurring long term debt.

3. Lease financing saves money by replacing maintenance intensive older equipment.

4. Lease financing levels capital expenditures in budgets from year to year.

5.Lease financing is relatively simple to complete and allows administrations to implement buying decisions quickly. In comparison, bonds take longer to implement, could require a vote, and are too expensive (legal and issuance cost) for smaller acquisitions.

6.Lease financing spreads the cost of a truck or equipment over its useful life rather than burdening one fiscal period (group of tax payers) with the entire cost.