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Municipal leasing has become a standard way for states, counties, cities, schools, and other municipal entities to obtain the equipment they need today without spending their entire annual budget.
Eligible entities include all states and their political subdivisions such as counties and cities. Also included are departments and agencies such as state universities, fire and police departments, school districts, sanitation, hospitals, or special districts.
Click Here for a Step by Step guide to Municipal Leasing with Rapid Solution Leasing.
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Municipalities are able to spread their allotted money much further when they elect to acquire their equipment through the use of leasing. They may now distribute their resources to more departments and agencies that may also be in need. Flexible Payment Structure Rapid Solution Leasing, Inc. is able to accommodate the payment terms you request because we tailor the lease payments to meet any budget restrictions that may be imposed. Escrow agreements can be included that will allow for incremental dispursements when there is a need for multiple equipment vendor payments or those that require long installation periods. Built-In Non-Appropriation We know that the ability of the municipality to make payments is contingent to the appropriation of funds. Payments can be made directly from the operating budget, if these funds become unavailable due to a legal reason, the lease can be terminated early. RAPID SOLUTION LEASING, INC. is committed to structuring your lease to cater to your budgetary constraints. No Voter Approval Needed! Leasing provides for a rapid and cost-effective financing alternative to issuing bonds. Because no voter approval is needed when leasing, your transaction processes quickly vs. the long and costly process of issuing bonds.  Not Considered ‘Debt' Leasing is an obligation for your appropriated fiscal period only. It is not subject to the statutes that limit debt incurred by a government. Make the Most of Your Budget Complying within a budget is difficult, with so many departments vying for their piece of the pie and department resources so strained. The payment of your acquired equipment is calculated to fall within your established budget. This enables you to obtain the equipment needed today without delay, and still have funds available for other needs. Hedge Against Obsolescence Keeping your department's equipment current is quite the challenge. Technology is constantly evolving and improving. Keeping up with the upgrades can be costly. Leasing gives you access to the most current technology and equipment, which can alleviate these high costs. RAPID SOLUTION LEASING, INC. can structure your lease to incorporate the frequent upgrades through trade-ins with lease renewals. This preserves your budget and departmental productivity! Trade-In Value Leased equipment can be traded in for credit to put towards the next purchase for your department. Leasing Is Easy & Fast Streamlined, simple paperwork makes leasing a make sense way for a municipality to address both their equipment needs and the budgetary constraints! |
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