Financial Services
Government Lease/Purchase
For qualified* non-federal governmental agencies who desire special low interest rates and flexible finance terms. Please note that you may need voter approval as you would with local bond insurance.
Benefits Include:
- 100% financing is available
- Your contract may be cancelled without penalty (on the last day of the appropriations period) if funding is not approved for the following year
- We pass these savings onto you through special low interest rates because the income that we receive is tax-exempt
- The interest charge you pay is normally less than the total cost of issuing a bond
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Terms:
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Length (new equipment):
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2-6 years
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Length (used equipment):
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1-5 years
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Payment Flexibility:
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Monthly, quarterly, semiannual, annual and variable payment plans
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Non-appropriations Clause:
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May return equipment due to non-appropriation of funds.
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100% Financing:
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Available to qualified customers
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* Non-federal government agencies with taxing, condemnation or policy authority qualify for this special plan. City, county and state governments; public authorities; and school, park and water conservation districts are just a few of the various agencies that qualify.
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