As budgets become tighter for cities and other municipalities, the option to lease police vehicles becomes a consideration. Cities, such as Auburn, California, realize the cost of purchasing two new vehicles now is more expensive than leasing the cars over five years. This is due the inclusion of maintenance costs in the agreement. Various lease programs for these types of vehicles are available to you as the leasing of municipal equipment gains in popularity.
This program intends for police agencies to own the vehicles outright once the lease plan is completed. Your contract with the company, in the form of a retail finance agreement, provides payment terms of monthly, quarterly, semi-annual or annual. If you choose a monthly pay schedule, make your first payment upon delivery of the cars, or within 30 days of receiving the vehicles. Financing is up to 100 percent of the vehicle cost with terms up to three years or four yearly payments. You may choose a used vehicle lease option involving cars up to one year old with terms of three years. This program requires no security deposit and vehicle titles are in your municipalities name showing GMAC as holding the lien. Because your municipality owns the vehicles at lease end, there are no mileage restrictions. The municipality provides insurance on the cars under retail financing provisions.
Merchants Leasing offers customized lease agreements for various law enforcement vehicles including wagons, passenger and cargo vans, pickup trucks and sport utility vehicles. The company offers you the option of special modifications, such as up fitting, and provides custom lettering of your police vehicles. Short-term agreements are for a minimum of two months to a full year with no restrictions on the amount of cars you lease. Merchants Leasing can customize your lease for seasonal needs or adding temporary vehicles without incurring further capital expenditures. Longer term leasing, tailored to your specific law enforcement agency’s needs, include closed and open-ended agreements. In addition, the company offers re-leasing and re-marketing programs.
The police vehicle leasing program offered from Lease Experts is a “pay-as-you-go” lease-to-own agreement. Your lease term may include up to a five-year agreement and features unlimited mileage with no buyouts or residuals. This company does not include additional charges for excessive wear and requires no special contacts for maintenance. You may choose custom lettering and paint schemes for your vehicles together with special equipment installation, such as light bars and sirens, radar and video, gun racks, cages and more. Two-day contract approval expedites the leasing process. Lease Experts provide a deferral option, allowing you to take delivery of your vehicles with a payment not due for up to one full year.
