California First Leasing Corporation
CalFirstLease Government Group specializes in Municipal Lease financing for state and local municipalities. We finance all types of equipment used by Cities. These include: fire trucks, police vehicles, ambulances, DPW and construction equipment, technology hardware and software, and much, much more.
A Municipal Lease is a tax-exempt financing vehicle designed to meet the special needs of state and local municipalities. Tax-exempt Leasing is an economical method of financing that allows qualifying government entities to acquire capital equipment under extremely attractive terms, favorable interest rates, and very streamlined documentation.
Through a Municipal Lease, the governing body acquires equipment and obtains full ownership of capital assets on an installment basis. Lease payments are usually made over a period of 2 to 10 years. In a Municipal Lease, the equipment is sold directly to the tax-exempt entity (as opposed to the leasing company), and title to the equipment passes to the Lessee upfront, which means the governmental entity becomes the owner of the equipment the day it is delivered.