Leasing enables municipalities to enhance their cash flow by spreading the cost of equipment over several fiscal periods. This allows both current and future taxpayers to pay the cost, thus stretching tax dollars. Leasing also provides a hedge against inflation. Equipment purchased at today’s prices can be budgeted in less-valuable future dollars over the term of the lease.
Reasons to consider a lease with Mower Finance:
Low cost, fixed rate financing
No hidden fees or costs
You control your bid process
Flexible lease programs
No prepayment penalty
Golf & Sports Turf
Reduced maintenance costs
– Your leased equipment will be under warranty.
Potential tax benefits
– When equipment acquisition is part of your operating budget, you could get a tax advantage. Consult your tax advisor.
Flexible payments schedule
– Choose your payment date and opt for direct payments.
Public Schools & Universities; City, State and Local
Government Entities Including Municipal Golf Courses.
Qualifications for tax-exempt municipal leases:
A passage of title to the lessee
A bargain purchase option ($1.00)
A breakout of principal and interest (amortization)
The equipment being financed is for public purpose
Lessee qualifies under section 103 of the Internal Revenue Code of 1986