What is Lease Purchase Financing?
Lease Purchase Financing was developed for cities, counties, schools, fire districts, etc which often need equipment but do not have the current funds to buy the equipment. LPF allows municipalities, etc. to purchase the vital equipment they need such as fire trucks, police cars, ambulances, computers, etc. without large up-front cash payments. LPF can be used to purchase both new and used equipment.
LPF is available for both big ticket items such as buildings (learn more about building financing) or it can be used to purchase smaller items.
Lease Purchase Financing for Vendors:
As a vendor of equipment that municipalities, schools, non-profits, etc need you want to ensure a great relationship with your customer. Since we know the market and your customers and since we both want them all to be repeat customers we provide both the nuts and bolts and the customer service to ensure that this happens. With Lease Purchase Financing we make sure that you receive payments promptly, even when pieces of equipment are delivered at different times. We work with you to ensure a fast, efficient financing process while we take care of all the paperwork.
We work with manufacturers, distributors and vendors across the U.S. selling a wide range of equipment to the municipal market. Our experience and expertise in this arena allows us to help you sell your equipment as efficiently and easily as possible to the municipal market giving you extra sales and the municipalities the equipment they need. We offer LPF for both new and used equipment.
Lease Purchase Financing for Municipalities and Non-Profits:
LPF allows municipalities and non-profits to purchase equipment they need with no large, up-front cash payments. LPF financing allows you to purchase property and equipment through installment lease payments with payments that we can structure to be made monthly, quarterly, semi-annually or annually. As you make the payments you build equity in the equipment.
With Lease Purchase Financing you make a commitment to make lease payments, not a commitment to pay debt. Because LPF contains a non-appropriation or “funding-out-clause” in most states no voter approval is necessary to enter into the LPF agreement.
Benefits of Lease Purchase Financing
- No Large Up-front Cash Payments!
- Payments Can Be Made: Monthy, Quarterly, Semi-annually, or Annually
- No Voter Approval Needed
- Covers Both New & Used Equipment
- Commitment To Make Lease Payments With Opt-out Clause (So not considered debt).
Municipal Financing Programs: Lease Purchase Financing, Simple Funding, Municipal Rental Program
