TAX EXEMPT LEASE PURCHASE FINANCING

My name is Cliff Crow and I am the owner of Crow Construction …. and I am a firefighter...and I know first hand the difficulties that fire departments face… Not only do you have to fight the fires, but you also have to constantly battle your budget... So...we make it easier for your department to get a new Crow Built Brush Pumper by offering Tax Exempt Lease Purchase Financing to Municipal/ Volunteer Fire Departments and Fire Protection Districts for the purchase of our BrushPumpers.

We Can Help You By:
• STRUCTURING A CUSTOMIZED FINANCING PACKAGE THAT WORKS WITHIN YOUR BUDGETARY REQUIREMENTS.
• NO DOWN PAYMENT REQUIRED (IN MOST CASES)
• 3 TO 12 YEAR TERMS TO CHOOSE FROM (DEPENDING UPON THE AMOUNT FINANCED)
• DEFERRING YOUR FIRST PAYMENT UP TO 12 MONTHS
• $1 BUY-OUT AT THE END OF THE CHOSEN TERM
• EARLY PAY OFF OPTIONS WITH NO PENALTY


ADVANTAGES TO TAX EXEMPT MUNICIPAL LEASE PURCHASE FINANCING
Preserves existing capital while acquiring essential equipment today, yet preserves existing capital by deferring your first payment until your next budget cycle & spreading the cost of the equipment over time. Bond Election Not Required In most cases. Because of the non-appropriation feature, tax-exempt municipal finances are not counted against the debt limit nor are they subject to normal debt incurrence procedures. Flexible Lease terms generally are matched to the useful life of the equipment to be financed. The flexibility of monthly, quarterly, semi-annual or annual payments provides for easy budgeting and, in most cases, no or only a minimum down payment is required. Prepayment arrangements can be made. Builds Equity Unlike rentals, a lease purchase program permits the municipality to build equity with each payment. At the end of the lease term, the municipality owns the equipment upon remittance of one dollar ($1.00). A lease purchase obligation permits acquisition of needed equipment today, before prices rise further. There is no need to build up capital improvement funds until an outright purchase is possible, all the while watching inflation stay one or two steps ahead of purchasing power. Unlike other ways of obtaining funds, lease purchase financing does not affect debt limitation. Debt to fund balance ratios are very important in keeping a good rating, as well as staying within statutory requirements. Most state laws allow a governing body to purchase equipment without going through the bid process whenever an emergency is declared. A lease/purchase program can be very useful in an emergency purchase. Unlike general obligation bonds, our municipal lease purchase agreement provides an option to purchase value at every payment date.

CALL: CLIFF CROW - 405-823-6432