Municipal Financing

A municipal, or tax-exempt lease purchase agreement allows a political subdivision to use annual revenues to make payments for any type of essential use equipment or facilities. This financing method is a popular alternative to purchasing an asset with cash, using an operating lease, or issuing bonds.

Benefits of Lease Purchase Financing

• Not considered debt
• No voter approval needed (in most states)
• Quick and simple
• Flexible payment structure
• No additional costs

Learn More About Lease Purchase Financing

• Who can use it?
  Generally speaking, any government entity or political subdivision who retains one of the three following characteristics or sovereign powers: the power of eminent domain, police power, or the power to levy taxes can qualify for a municipal lease purchase.
• What can be financed?
  Lease purchase financing can be used to pay for big-ticket items such as buildings or vehicles, as well as smaller essential purchases such as SCBAs, turnout gear, and air compressors.
• What is the process?
  Community Leasing Partners makes the process quick and easy with three simple steps - credit application, contract, and closing.