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Company News - 04/17/08
General
VFD
Services
Grant Writing
Leasing & Bonds
Training Funding
General Fund-Raising
Apparatus Acquisition
Equipment Acquisition
Stations & Remodeling
Assembling RFP Specs
General Consulting
Grant Applications
Low-Interest Loans
Tax-Exempt Leasing
Apparatus Acquisitions
Equipment Acquisitions
Assembling RFP Specs
General
EMS Services
Grant Writing
Training Funding
Apparatus Acquisition
Equipment Acquisition
EMS Leasing & Bonds
General Fund-Raising
Assembling RFP Specs
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Leasing, Tax-exempt Leasing and Bonds
for Combination Fire Departments
Many combination and
paid fire
departments need new and reliable replacement apparatus immediately. One
way of achieving this is through leasing programs.
VFD leasing programs,
certainly tax-exempt leasing programs are at rates below commercial leases.
In some situations, the lease can be paid with a grant that is obtained later.
At VFD-Funding, we get the lowest possible tax-exempt lease rates (usually less
than 5%) and we only charge a minimal fee compared to others who may promote
simplicity, but charge 9.75% and more interest and fees. Their process is no
simpler than ours and their rates are by no means deals.
With our low-interest
loans and tax-exempt leasing programs, we have the lowest rates and easiest
terms of anybody. Our interest rates are generally 1/2 of what others are
charging, our applications processes are easier, and we give you faster
approvals.
Leasing 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 Leasing Equipment May Be Your Best Option:
You get the apparatus or equipment you need immediately or within a few days,
after the lease agreement has been signed,
You get to acquire the apparatus or equipment now at a lower price, because with inflation the price will only increase,
You get the apparatus or equipment quickly in an emergency situation and in many
states and municipalities this means doing so, in a state of declared emergency,
without the need to go through a lengthy bid submission or review process,
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 for VFD/EMS and municipal governments
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 for VFD/EMS and municipal governments
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 on the
apparatus and/or equipment, may assist in their tax preparations to show that
they are truly non-profit,
The apparatus 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 apparatus and/or equipment at the end of the lease.
Tax-exempt Lease FAQ:
Need to refinance and/or
consolidate your volunteer or combined fire department's loans and/or VFD leases for
your apparatus or equipment, for lower interest rates and lower and more
affordable payments? Let us help you
refinance your debts.
If your community
chooses to fund your new apparatus and equipment through the issuing and sale of
municipal bonds, we can help you and them by finding purchasing sources for
these bonds.
So
contact us at VFD-Funding 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.
Last modified:
January 13, 2008
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