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Municipal Equipment

Fire Engines
Fire Stations
Ladder Trucks
Pumpers
* Remote - Water Meter Readers
* Jail Facilities
* Police Cars
* New & Used Fire Trucks
* Fire & Safety Equipment
* Communication Equipment
* Video Equipment
* Ambulances
* Medical Equipment
* Blood Analyzers
* CAT Scan Machines
* Refuse Trucks
* Garbage Handling Equipment
* Street Sweepers
* Excavators
* Bulldozers
* Maintainers Street
* Heating & Air Conditioning Equipment
* Self Contained Breathing Apparatus
* Libraries
* Education Equipment
* Computer Hardware & Software
* Word Processors
* Generators
* Telephone Systems
* Energy Management Systems
* Sewer Treatment Equipment
* Fresh Water Treatment Equipment
* Rescue Tools
* Airport Equipment
* Parking Meters
* Material Recovery Equipment
* Portable Buildings
* Copiers
* Service Contracts
* Gas Conversion Equipment
* Improvement Projects
* Buses

 

 
Municipal Leasing Center

School Bus Leasing

  Municipal Asset Management Inc    

A whole new species of school buses has evolved.   New school buses are literally redefining the transit and shuttle markets, thanks to engineering  and manufacturing  and  production of commercial buses and chassis.

Years of extensive research, development and testing have enabled school bus to usher in the creation of a line of buses that delivers on all fronts: performance, durability and overall value. What makes school buses  unique is that they incorporate the latest technological innovations in styling and engineering, with the desired North American operator specifications that the commercial market demands.

We provide Low Tax Free Rates  to finance new and used school buses.
Rates change daily so email us for a current no obligation 30 day quote.

30 Day Rate Quote

State, County, City Governments, Towns, Villages & Boroughs All Departments & Agencies
Payments annually  semi annually or monthly

 Cities, Towns, Villages, Boroughs, Schools, Fire & Police Departments, Volunteer Fire Departments,  Water Authorities, Hospitals can utilize the equipment they need even if it's not in their current budget. Essential equipment such as Fire Trucks, Police Vehicles, Computers, 911 Systems School Buses, Portable Buildings and modular classrooms, Road Equipment, Telephone Systems and Energy Management systems.

Lease purchasing offers another approach which enables any size municipality to acquire new equipment which is paid over terms that meet cash flow objectives and gives the municipality equity with every payment. The term can match the useful life of the equipment and provides for ownership at the of the repayment term.

Rates so low we don't dare put them on our website. Just contact us by email to get a current lease quote from 3 to 10 years.
LEASE 

 Frank Heeg our Municipal Lease Specialist will give you a quote.  Or call us a 800-949-6685

New and used equipment qualifies. To receive a no obligation proposal email or fax us a copy of your invoice with complete description of the equipment
For complete up to date municipal leasing and financing information
 please visit our 

Municipal Lease Financing Center

Frequently Asked Questions About Tax-Exempt Municipal Leasing

  1. What is a tax-exempt lease?

    A tax-exempt lease or lease-purchase agreement is an installment purchase, conditional sale or lease with an option to purchase for nominal value. It may also be referred to as a municipal lease.

  2. Who qualifies for tax-exempt financing?

    The issuer of a tax-exempt obligation, including a tax-exempt lease, must be a State or possession of the U.S., the District of Columbia, or a political subdivision thereof. Political subdivisions include cities, towns, counties and other municipalities. They may include other state entities such as school districts, special purpose districts (fire, parks, utility, water, etc.), hospitals, agencies, authorities, boards and commissions.

    Not-for-profit organizations created under Section 501 (c) (3) of the Internal Revenue Code do not qualify directly as issuers of tax-exempt obligations but may be eligible with a sponsoring governmental unit. Not-for-profit organizations benefiting from tax-exempt leasing include:

    bulletHealth Care (Hospitals, Clinics, Nursing Homes, Life Care Centers)
    bulletEducation (Colleges and Universities, Preparatory Schools)
    bulletMuseums
    bulletResearch Centers

     

  3. What are some of the benefits of tax-exempt leasing?

    The benefits of a tax-exempt lease include:

     
    bulletPreservation of capital dollars for other projects for which leasing is not an option
    bulletPreservation debt limitations does not create long-term debt on the entity's books
    bulletEnables improvement of cash flow
    bulletIncorporates flexible structuring to meet budget needs
    bulletLow rates resulting from tax-exempt basis
    bulletOffers an alternative financing option without voter approval
    bulletProvides project financing (including soft costs)
    bulletSpreads out the cost of an asset over the useful life of that asset or project.

  4. What can be financed on a tax-exempt basis?

    Tax-exempt financing is typically utilized for equipment acquisitions. It may also be used for other capital expenditures, e.g., purchasing property, implementing of a specific project, or expanding existing facilities. Both personal property and real property can be leased. This includes personal property such as:

     
    bulletTelecommunications Systems
    bulletComputers
    bulletVehicles
    bulletEnergy Management Systems
    bulletRecreational Equipment
    bulletEmergency Services Equipment
    bulletMedical Equipment
    bulletSoftware
    bulletModular Buildings

    and real property such as:

    bulletSchools
    bulletCourthouses
    bulletCorrectional Facilities
    bulletCentral Offices
    bulletRecreational Facilities
    bulletEnvironmental Facilities.

    Equipment may include:

    bulletHardware
    bulletInstallation
    bulletTraining
    bulletInfrastructure wiring
    bulletMaintenance
    bulletVideo & multimedia equipment
    bulletSoftware applications

     

  5. How are tax-exempt leases structured?

    Tax-exempt leases are structured as a series of one-year renewable obligations that are subject to the governmental entities ability to appropriate funds for the continuation of lease payments. Payments constitute a current expense of the lessee and, in the event that sufficient funds are not available for payment, the agreement is terminated and the equipment is delivered to the lessor.

  6. What is a non-appropriation clause?

    A non-appropriation clause enables the lessee to terminate the lease agreement at the end of the current appropriation period without further obligation or penalty. This may be done only in cases where the lessee was unable to obtain funding for future payment obligations on the lease. Typically, the clause will contain a 'best efforts' requirement whereby the lessee must use its best efforts to obtain the necessary appropriation for the lease payments. The non-appropriation clause enables the lessee to account for the lease obligation as a current expense instead of debt.

  7. What is a non-substitution clause?

    A non-substitution clause maintains that if a lease is terminated for non-appropriation, the lessee may not replace the leased equipment with equipment that performs the same or similar functions.

  8. Who owns the equipment under a tax-exempt lease?

    Title may either be retained by the lessor until all payments have been received or may be granted to the lessee at lease inception. In this case, the obligation is secured by a 'perfected' first security lien on the equipment. In most cases it is preferable to pass title up front to avoid any potential tax issues.

  9. Who is responsible for maintenance, insurance, property tax and other operating expenses?

    A tax-exempt lease is a 'net lease,' which means that the lessee is responsible for these types of expenses. However, the lessee may contract with the equipment supplier to provide maintenance and other services. These costs may be included in the financing.

  10. What is the maximum finance term?

    The term of the lease may not exceed 120% of the average reasonable expected economic useful life of the property or project being financed.

  11. How is tax-exempt lease financing arranged?

    Tax-exempt financing is typically arranged by means of a formal bid process.

  12. What factors should be considered in deciding when to use a tax-exempt lease?

    For any asset acquisition decision, the principal financial objective is to obtain the use of the asset for the lowest possible total cost, as measured over the period the asset is to be used. Other factors affecting the selection of a financing option which should be considered by a governmental entity include:

     
    bulletAvailability of cash at the time of procurement;
    bulletCompeting demands on capital resources;
    bulletEssentiality of the asset to the basic functions of the entity;
    bulletUseful life of the asset;
    bulletDesirability of matching costs and benefits over time
    bulletAbility to improve bargaining positions with vendors; and
    bulletPolitical attitudes toward debt financing.

    For a variety of needs and circumstances, tax-exempt lease financing provides a governmental entity with an alternative to purchasing an asset with cash, acquiring its use for a period of time through a true lease or issuing bonds

Municipal Asset Management, Inc.Municipal Leasing
or call our leasing professional Frank Heeg at 800-949-6685 and let's discuss your  transportation  Municipal  financing plans.

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Municipal Asset Management, Inc.
Over Thirty Years of Industry Experience


 800-949-6685
or email us at

Lease

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