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A Federal Lease is an alternative to an outright purchase. It allows Federal Agencies to obtain necessary equipment and other assets while still operating within their budget.
The type of equipment that can be financed includes office equipment, computers, communications, furniture, and vehicles. Madison Capital has a schedule for vehicles, light trucks and passenger vehicles.The term of a Federal Lease is typically one to three years with longer terms available.
The most significant challenge faced by Governmental Agencies when acquiring needed property is their fiscal year budgetary requirements. Often, insufficient funds are budgeted for the outright purchase of essential property. Madison Capital overcomes this budgetary constraint by financing the property. We can also finance open market items.
Leasing presents the opportunity to spread the acquisition over multiple budgetary periods, which is more likely to correspond with the useful life of the equipment.
Our low rates permit the agency to increase their purchasing power.
Lease To Ownership (LTOP): With an LTOP, the Federal Agency makes regular payments for the term of the lease. At the end of the lease term, the agency owns the property.
Lease With Option to Purchase (LWOP): Under an LWOP, the agency makes regular payments for the term of the lease and has the option to purchase the property at the end of the lease term for a specified amount. If the agency chooses not to exercise its option to purchase, the property can be returned to the leasing company or the lease can continue for an additional term(s).
For a detailed quote, please call Madison Capital toll-free 800-733-5529, or email Allan Levine.
“If someone were to ask me, the owner of a chauffeured transportation company, what one attribute I regard most in a financial services company, I would answer: knowlege of my business. That's why I chose Madison Capital. Allan Levine and Nancy Pistorio are not only resources for financing my vehicles, but also resources of business knowledge. In short, they know my business and that separates them from the pack. Their willingness to tailor a plan for my particular financial circumstance makes the choice a no brainer.”
Richard Nadolski, Owner