Fleet Purchase 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! 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")
Velocity PUC Pumper – 8 Year Turn-In Lease
(1) Velocity PUC 1500 GPM Pumper Date 8 Year Turn-In Lease Contract Price: $1,140,099.95 August 2023 Order/Lease Start
7.875% State Sales Tax: $75,856.67 August 2024 $67,384.43 (Interest Only) California Tire Fee: $10.50 August 2025 $67,384.43 (Interest Only) 100% Performance Bond: $2,364.00 August 2026 $145,180.37 Payment #1/0 Years Use Prepay Discounts: -$176,840.67 February 2027 Estimated Delivery Est. Delivery @ 42 Months Amount Financed: $1,041,490.45 August 2027 $145,180.37 Payment #2/0.5 Years of Use Balloon Payment: $275,115.37 August 2028 $145,180.37 Payment #3/1.5 Years of Use Estimated Delivery: 42 to 45 Months August 2029 $145,180.37 Payment #4/2.5 Years of Use August 2030 $145,180.37 Payment #5/3.5 Years of Use
• Rate as of August 4, 2023 and is fixed at closing August 2031 $145,180.37 Payment #6/4.5 Years of Use • Interest only payment @ months 12 and 24 August 2032 $145,180.37 Payment #7/5.5 Years of Use • First lease payment at month 36 August 2033 $145,180.37 Payment #8/6.5 Years of Use • Balloon Payment ("Residual Value") allows for 10,000 August 2034 Balloon Payment 7.5 years of use annual miles of use (75,000 total miles) Rates 6.47%
Turn-In Lease: Patterson will receive a notice prior to lease term requesting a decision on whether to keep or replace the apparatus. This allows for a seamless transition between the current and replacement apparatus.
Velocity Tiller Quint – 10 Year Turn-In Lease
(1) 102' Velocity Tiller Quint Date 10 Year Turn-In Lease Contract Price: $2,068,750.19 August 2023 Order/Lease Start
7.875% State Sales Tax: $137,720.77 August 2024 $123,281.33 (Interest Only) California Tire Fee: $14.00 August 2025 $123,281.33 (Interest Only) 100% Performance Bond: $4,248.00 August 2026 $238,235.13 Payment #1/0 Years Use Prepay Discounts: -$319,915.06 April 2027 Estimated Delivery Est. Delivery @ 44 Months Amount Financed: $1,890,817.90 August 2027 $238,235.13 Payment #2/0.3 Years of Use Balloon Payment: $360,166.17 August 2028 $238,235.13 Payment #3/1.3 Years of Use Estimated Delivery: 44 to 47 Months August 2029 $238,235.13 Payment #4/2.3 Years of Use August 2030 $238,235.13 Payment #5/3.3 Years of Use
• Rate as of August 4, 2023 and is fixed at closing August 2031 $238,235.13 Payment #6/4.3 Years of Use • Interest only payment @ months 12 and 24 August 2032 $238,235.13 Payment #7/5.3 Years of Use • First lease payment at month 36 August 2033 $238,235.13 Payment #8/6.3 Years of Use • Balloon Payment ("Residual Value") allows for 10,000 August 2034 $238,235.13 Payment #9/7.3 Years of Use annual miles of use (93,000 total miles) August 2035 $238,235.13 Payment #10/8.3 Years of Use August 2036 Balloon Payment 9.3 Years of Use
Rates 6.52%
Turn-In Lease: Patterson will receive a notice prior to lease term requesting a decision on whether to keep or replace the apparatus. This allows for a seamless transition between the current and replacement apparatus.