Fast, simple & cost effective. Lease approvals and documentation are very inexpensive to initiate. Lease transactions can be approved and lease documentation supplied within 24-48 hours. Lease Purchase transactions can normally be finalized within 7-10 business days.

100% financing to include delivery and installation costs. Vendors are paid promptly upon funding of the lease.
 

Equipment and Real Property financed through a tax-exempt lease may be funded into escrow to facilitate project financing or progress payment requirements.
  
Tax-exempt interest. Lease payments include principal and an interest portion. The IRS has determined that interest paid in this manner is exempt from federal and state income tax. This means the municipality can take advantage of lower interest costs.
  
No debt created. Lease payments are subject to annual appropriations, which means, the obligation is not subject to statutory debt limitations. Since no debt is created, municipal leases do not require voter approval.
  
Budget enhancement. Leasing allows public agencies to acquire needed improvements now rather than wait until next FY or beyond.
  
Leveraged dollars. Leases may be designed to match finance terms to the expected useful life of the asset and spread the cost over a multi-year period.
  
Flexibility. Payments may begin upon installation or delayed up to 6 months. In addition, they may be made in monthly, quarterly, semi-annual or annual installments.