Municipal Tax Leasing
Municipal Leasing (Financing) Municipal Leasing is an alternative to traditional financing handled by many State and Municipal Agencies. Your agency can lower its costs and actually profit from leasing its vehicles through Acme Auto Leasing. Our $1.00 Buyout Municipal Lease Program offers alternative financing for many municipalities and school departments.
Our staff is knowledgeable in all aspects of municipal leasing, which allows for a simple and convenient leasing experience. We provide competitive rates regardless of the amount needed. Acme has the ability to structure a lease program to meet your budgetary needs. We have established relationships with the manufacturers and can customize programs that have vehicle specs, up fitting requirements, and financing rates that are ready for presentation to your finance committee.
Reasons to consider a Municipal Lease with Acme Auto Leasing:
• Low cost, fixed rate financing
• Non-appropriation clause
• No hidden fees or costs
• You control your bid process
• Flexible lease programs
• No prepayment penalty
Municipal Leasing ($1.00 Buyout) 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. For virtually any kind of equipment, leasing makes sense. In fact, it's the most frequently used method of equipment financing in the United States.
Qualifications for tax-exempt municipal leases:
• A passage of title to the lessee
• A bargain purchase option ($1.00)
• A breakout of principal and interest (amortization)
• The equipment being financed is for public purpose
• Lessee qualifies under section 103 of the Internal Revenue Code of 1986
For more information on the Municipal Leasing, or to help your company determine what’s best; contact Acme Auto Leasing today by calling 800.242.7767.