Profits result from use, not ownership of equipment and with our Leasing Program, you get the equipment you need, when you want it. Our flexible terms and responsive attitude allow us to design a lease to meet your individual needs.

Flexibility doesn't end with our lease terms. Take a look at the wide array of equipment that is eligible for leasing.

• Computers
• Construction Equipment
• Industrial Equipment
• Manufacturing Equipment
• Materials Handling Equipment
• Medical Equipment
• Office Equipment
• Telecommunications Equipment
• Other equipment may be eligible

Our leasing specialists are available to review your specific needs.

Please call us for a quote.

Flexibility

Companies have different needs, different cash flow patterns, different and sometimes irregular streams of income. Therefore, business conditions (cash flow, specific equipment needs, tax situations) can dictate the most advantageous terms and conditions of the lease.

Obsolescence Protection

The risk of getting caught with obsolete equipment is lower because the equipment can be returned or upgraded at the end of the term. Moreover, equipment needs can change over time due to other changes in the company. Leasing helps keep your options open.

Cash Flow Management

Leasing keeps your bank credit open, so your borrowing ability is not tied up. Also, costly down payments are avoided since the leasing company pays for 100% of the equipment cost.

Tax Advantages

Rather than deal with depreciation schedules and Alternative Minimum Tax (AMT) problems, the lessee simply makes the lease payments and deducts it as a business expense in the case of a Fair Market Value lease.

Quick Turnaround

Spafford Leasing Offers the advantage of a quick turnaround so you can have your equipment working for you as soon as possible.

Advantages of Municipal Leasing

Lease/Purchase financing is designed to supplement rather than replace bond financing. School districts, county and state governments, and municipal entities need to provide quality services to their constituents with limited budget dollars. These organizations have ongoing and ever-growing equipment needs.

No Debt Created

Voter approval generally isn't needed for tax-exempt leasing, which provides a more efficient funding process at competitive rates.

Matching Cost with Revenue

Tax-exempt leasing means you can spread equipment costs over the lease retaining cash reserves for other projects.

Flexibility

We'll build a customized lease structure to suit your unique timetable and requirements, including monthly, quarterly, or annual payment options to match the economic life of the equipment.

No Cash Down Payment

100% financing means your lease agreement can include not just equipment but also professional services, software, and more.

Quick Turnaround

Get the technology you need immediately, without waiting for bond issue results or future capital budget approvals, and pay for it as it's used - not before.

Operating Leases

With tax-exempt leasing, a non-appropriation clause means you can terminate at the end of a fiscal year if funds aren't approved by your governing body despite your best efforts to obtain continued funding. The lease payments come out of your appropriated operating budget and not your capital budget.

What Can Be Financed:

• Communications equipment
• Office equipment and furniture
• Security systems
• HVAC equipment
• Computer hardware and software
• Police vehicles
• Fire vehicles
• Health care equipment
• School buses
• Heavy trucks
• Energy management systems
• 911 response systems
• Special purpose vehicles
• Watercraft
• Transit coaches

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