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Municipal
Tax Leasing
Acme Auto
Leasing has been leasing cars and trucks for over twenty years,
primarily dealing with Governmental needs nationwide at the
the municipal, state and federal levels. We
are pleased to offer our expertise and experience in municipal
tax-advantaged vehicle lease programs to your municipality.
With continued economic uncertainty projected,
municipal tax leasing for vehicle acquisitions is an option
which should be explored before deciding to purchase. Acme
Auto Leasing buys thousands of vehicles a year and can package
virtually any vehicle need and financing, saving you both
time and money.
The municipal
tax lease may be accounted for differently than borrowing,
leaving your debt financing capacity for more important capital
improvements.
Put Acme's
combination of low-cost funding, vehicle buying capability
and our other fleet management services to work for you.
Questions?
Please contact our experienced Tax Leasing division
(800) 242-7767 or Email TaxLease@AcmeAutoLeasing.com
What
is a Municipal Tax Lease?
The
principle is simple. Ordinarily, commercial vehicle leasing
pricing is based on prevailing market interest rates. Acme's
program incorporates the municipality's tax exemption, which
translates to a proportional interest rate reduction, reduced
local taxpayer liability and a politically popular solution
for municipal clients. |
What
is a Municipal Tax Lease? (continued)
2006 Ford Crown Victoria
Police Interceptor
Due to current legislation*, Municipal
Tax Leasing programs are saving cities and towns substantial
sums during this most difficult economy. Shortfalls in Federal
aid and record municipal deficits have encouraged local officials
to become educated in such alternative funding methods as
sale-in, lease-out (SILO) financing. Local agencies have legitimized
over 100 such programs, such as those in Atlanta, Miami/Dade,
Houston, San Francisco and New York.
The cost
savings, often 200 - 300 basis points, are passed on to the
municipal client in the form of monthly rate reductions, shorter
terms or increased value. When acquiring new or replacement
assets, such as motor vehicles, municipalities may add benefit
by packaging warranty and maintenance.
At the
end of the lease term, Acme provides municipal clients with
option of either purchasing the original vehicle, disposing
of it, or acquiring a newer vehicle at lower costs. Municipalities
vary widely in legislative and budgetary policy, and operate
under a variety of rules concerning lease/purchase agreements.
Acme's tax leasing specialists work with clients every day
to achieve timely terms without requiring bonding, referendum,
or lengthy legislative/taxpayer approvals.
Acme's
long-term industry standing, licensing, and experienced personnel
combine tax leasing structures with applied automotive wisdom
to deliver value and all necessary documentation to local
police, fire, public works departments and other ongoing municipal
operations. |
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