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Refinance Debt

VFD Leasing, Tax-exempt Leasing and Bonds

    Many volunteer fire departments need new and reliable replacement apparatus immediately.  One way of achieving this is through volunteer fire department leasing programs.

    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 Apparatus and 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.

     We work with various leasing and tax-exempt leasing financial companies throughout the United States, so that we can get you the best terms and lowest rates possible for you to lease your fire trucks and other equipment.  Sometimes this includes the leasing companies associated with the apparatus manufacturers.  We also help you and your community by writing the grants or selling the municipal bonds to either make your lease payments or to payoff the lease.

    In the very near future, as we get formal marketing and strategic alliances agreements, we will have more banners and links on this page for you to contact some of our VFD  leasing and municipal bond brokering partners directly to get immediate quotes.

    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 12, 2008

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EMS Services

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