Municipal Lease

Whether your municipality is purchasing Altec equipment or any other type of equipment, Altec Capital offers various special municipal leasing options, helping you improve cash flow and increase your overall profitability.

A SHORTCUT TO EFFICIENCY

When you take capital restraints and fiscal-year budgets out of the picture, equipment acquisition can play an important role in your organization. Financing makes good business sense for municipalities, allowing them to:

  • Upgrade or replace outdated assets
  •  Protect against obsolete technology
  • Eliminate depreciation schedules
  • Reduce life-cycle costs
  • Improve forecasting

THE BENEFITS TO YOU

  • Finance terms to match the useful life of the equipment
  • Flexible lease options to shorten life-cycles and decrease maintenance costs
  • Conserves capital budget funds
  • Match payments with budget allocations
  • The non-appropriation clause allows for quick acquisition of equipment, usually without the normal voter approval, while only tying up capital budgeted money during one fiscal year at a time.

 

INDUSTRY-LEADING TALENT

With over 20 years of experience in equipment financing for state and local governments, we provide critical expertise and capital resources to municipalities. Altec Capital is a prudent partner for equipment financing because we offer single-source funding. This advantage allows you to deal directly with the decision makers, which expedites every step of the process.

Simplified processing – Altec Capital documents are guaranteed to comply with the local laws and federal tax code.

Resident specialists – In-house underwriters, operations and contract agents, asset management experts and legal counsel provide quick, innovative solutions.

THE ALTEC CAPITAL DIFFERENCE

  • CAPTIVE FINANCE COMPANY FOR ALTEC INC.
  • IN-HOUSE LEGAL, CREDIT, TAX AND UNDERWRITING
  • 12 TO 84-MONTH TERMS
  • NO BOND ELECTION REQUIRED
  • IMMEDIATE ACQUISITION OF EQUIPMENT