Why municipal leasing?
Leasing enables municipalities to enhance their cash flow by spreading the cost of equipment over several fiscal periods. This allows both current and future taxpayers to pay the cost, thus stretching tax dollars. Leasing also provides a hedge against inflation. Equipment purchased at today’s prices can be budgeted in less-valuable future dollars over the term of the lease.
- Low cost, fixed rate financing
- Non appropriation clause
- No hidden fees or costs
- You control your bid process
- Flexible lease programs
- No prepayment penalty
Public Schools & Universities; City, State, and Local Government Entities; Municipal Golf Courses and Parks & Rec
Qualifications for tax-exempt municipal leases:
- A passage of title to lessee
- A bargain purchase option ($1)
- A breakout of principal and interest
- The equipment being financing is for public use
- Lessee qualifies under section 103 of the Internal Revenue Code of 1986
Advantages for Golf & Sports Turf
Reduced Maintenance Costs
Your leased equipment will be under warranty
Potential Tax Benefits
When equipment acquisition is part of your operating budget, you could qualify for tax benefits. Consult your tax advisor.
Flexible Payments Schedule
Choose your payment date and opt for direct payments.
Interested in securing Government contracts?
No need to be intimidated. Mower Finance can help you do business with governments and municipalities. We have the lenders and the experience structuring deals for these customers.
Read about the opportunities for your business if you have financing available for governments and municipalities.
Call Bob Zinn to discuss your opportunities: 954-522-3773