Velocity Pumper Turn-In Lease Proposal
Pierce Financial Solutions
Pierce and PNC Equipment Finance partner to
provide a tax-exempt municipal leasing program for
Pierce apparatus
Our team has financed > $1 billion of Pierce apparatus! What Is A Municipal Lease?
• Very similar to a “loan” or an “installment sales contract” • Contains “non-appropriation” or “annual out” clause with no penalty • No referendum required
• Generally lower legal and administrative cost than bond issue • Tax-exempt interest
A municipal lease is a popular form of financing for fire apparatus due to its ease of use and lower administration costs.
Pierce Program Advantages
• Financing from PNC (3rd largest bank-owned leasing company in U.S.) • Flexible payment structures to meet your budget requirements • Industry’s most extensive lines of lease plans for fleet replacement • Prepay program to lower payments and eliminate interest rate risk • Deferred payment option to simplify budgeting
• $0 documentation fees
• Dedicated Account Executive to assist throughout entire process Lease Purchase Or Fleet Management Plans
Lease Purchase ("Pay To Own The Apparatus")
Amortize Apparatus Purchase Price $1
• Terms for this product range from 2 to 15 years
Turn-In Lease ("Pay To Use The Apparatus")
Amortize Apparatus Purchase Price - Apparatus Resale Value Apparatus Resale Value "Balloon Payment"
• Terms for this product range from 2 to 10 years
• This lease contains mileage and apparatus condi•on provisions • Mul•ple annual mileage op•ons available Two Options At Lease Term
1. Purchase the apparatus by paying or
financing the balloon payment
2. Return the apparatus to Pierce and
lease a new Pierce apparatus (Pierce
pays "balloon payment")
8-Year Turn-In Lease Proposal
PROGRAM CONTACTS
Tom Whitmer,
Director of Business Development
[email protected]
(920) 267-1256
Kim Simon, Vice President
[email protected]
(614) 670-3994