Frequently Asked Questions

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? Is leasing easy? What is the difference between a municipal lease purchase and 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? Is there a minimum amount that can be financed with Community Leasing Partners? Can I include money for future equipment purchases in today's lease? We've already paid for the equipment, can we still finance it? What do you mean by tax-exempt financing, our organization is already tax-exempt. What are some of the benefits of tax-exempt leasing? Does the lessee have the option to pay off a lease prior to the last payment? Can I access fire truck and municipal financing through a buying cooperative?

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Community Leasing Partners (CLP) is providing information contained on this website, including any downloadable documents, for discussion purposes only in anticipation of engaging in a commercial, arm’s length transaction in which CLP would be acting solely as a principal and not as a municipal advisor, financial advisor or fiduciary to you or any other person or entity. CLP will not have any duties or liability to any person or entity in connection with the information provided herein. The information provided is not intended to be and should not be construed as 'advice' within the meaning of Section 15B of the Securities Exchange Act of 1934. Please consult with your own legal, accounting, tax, financial & other advisors to the extent you deem appropriate.

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Tax Exempt
Lease Purchase Financing
for Municipalities and Fire Departments What is It? Who Can Use It? What Can Be Financed? The Process Payment Estimator

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