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Welcome to
911-Financing
Many counties and
communities need new and reliable replacement fire trucks, ambulances,
equipment, fire stations, emergency communications equipment, and related technology immediately. One
way of achieving this is through IRS Section 103 tax-leasing programs, which we
have found to be the fastest, best and most assured method of financing.
Tax-exempt leasing
programs are at rates below commercial leases. In some situations, the
lease may be paid with a grant that is obtained later. We assist you in
obtaining the lowest possible tax-exempt lease rates (usually less
than 5%). We have successful processes and easy to use forms to make
your experience in obtaining financing and the apparatus and equipment you need
easy.
Tax-exempt lease
purchasing is different
than bond issues, because leases are not considered debt and as in the case of
municipal bonds, they do not require a public vote or special efforts on the
part of your municipal leaders. This is not to say that it is not possible
to use municipal bonds to payoff a lease obligation.
Why Tax-exempt Leasing May Be Your Best Option:
You get the equipment you need immediately or within a few days,
after the lease agreement has been signed,
You get to acquire the equipment now at a lower price, because with inflation the price will only increase,
Lease purchases do not effect debt limitations, as they are not generally
counted as debt, and as we all know, debt to fund balance ratios are necessary
to maintain good bond ratings and in some cases to operate well within what the
law requires,
Tax-Exempt Leases are more affordable at lower interest rates than issuing bonds, even zero coupon
bonds,
Tax exempt leases don't require voter approvals, months to get to the vote, the
cost of adding the item on the ballot, and the political upheavals that
decisions to issue bonds usually causes,
Tax-Exempt leases generally don't require the need for local governments to
raise property or other taxes to meet the obligation,
Tax-Exempt Leases are more affordable at lower interest rates than other forms of loans or leases,
The interest payments are exempt from federal taxation,
Tax-Exempt leases make it possible for local governments
and other nontaxable entities to benefit from tax deductions normally available
only to the private sector,
You keep your cash for other necessary equipment purchases,
The department or municipality is able to claim the depreciation of the
equipment, may assist in their tax preparations to show that
they are truly non-profit,
The fire truck, ambulance, and/or equipment is titled in the name of your department or community
and the lease holder just has a simple first lien holder's position,
You completely own the fire truck, ambulance and/or equipment at the end of the lease.
Tax-exempt Lease FAQ:
So
contact us at
the VFD-Funding Group today or fill out our
convenient on-line
feedback form,
give us your wish list and tell us a little about your organization and then
let's see what all we may be able to do for you and your volunteer fire
department, rescue squad or EMS service. REMEMBER, there are NO up
front costs or fees required.
[Home] [911 Center Leasing] [Tax-exempt Leasing FAQ] [New Fire Trucks for Sale] [Used Fire Trucks for Sale] [911 Center Products] [911 Center Web Sites] [Our Fire Department Web Sites]
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