Benefits of Lease Purchase
Financing
Affordable
- No large, up-front cash outlays
- Competitive interest rates
- Avoids price increases by locking in purchase price
- Eliminates cost of maintaining worn-out equipment
- Only current year’s lease payment is included in operating budget for municipalities
- Frees up capital for other needs
Flexible
- Tailored to financial situation of each customer
- Customized payment terms and structures
- Multiple items under one lease or individual leases
- National vendor programs
- Extended finance terms — up to 15 years on fire trucks and 20 years on real property
Hassle-Free
- Straightforward documentation
- No hidden fees or closing costs
- Fast credit approval
- Quick document processing and funding
- Not considered debt
- Simple Funding Program for $5,000 to $500,000