Municipal Financing Frequently Asked Questions
Am I limited to certain types of equipment?
NO! Municipal Financing LLC will finance various types of "essential use" equipment from copiers to fire trucks!
Questions List
- What is a municipal or tax exempt lease?
- What types of entities qualify for a municipal or tax-exempt lease?
- Does a Volunteer Fire Department qualify for the same rate as a City, County or District?
- Why lease the equipment?
- What is the difference between a municipal lease purchase and a commercial/rental lease?
- Who owns the equipment under a tax-exempt lease and who is responsible for maintenance, insurance and taxes?
- What is a non-appropriation or funding out clause?
- What can be financed on a tax-exempt basis?
- Am I limited to certain types of equipment?
- Can used equipment be financed?
- Is there a minimum amount that can be financed with Municipal Financing LLC?
- Can I include my service or maintenance contract in the financing?
- Can I include money for future equipment purchases in today’s lease?
- Can I make payments via ‘auto draft’ or ACH?
- What are the terms available to municipal entities for financing?
- How does lease-purchase financing differ from bond financing?
- We’ve already paid for the equipment, can we still finance it?
- We are planning to order a truck that will take a year to build, when should we consider financing?
- We have other debt such as bank notes, mortgages or leases, can they be refinanced at the lower tax-exempt rates?
- When the city issued bonds, there were fees involved for underwriting, legal, printing, rating and insurance. Are there fees involved with a lease purchase?
- Can I finance equipment purchased from a variety of manufacturers/distributors?
- When reviewing proposals, what should I do to make sure I am comparing apples to apples?
- What do you mean by tax-exempt financing, our organization is already tax-exempt?
- Does the lessee have the option to pay off a lease prior to the last payment when financing with Municipal Financing LLC?
- If I am a vendor or a broker, can I work with Municipal Financing LLC to establish a ‘private label’ program for my company?
