Special lease terms for state and local governments and agencies.
Why choose a JCB Municipal Lease? No down payment. Flexible terms.
Quick Delivery. Own the equipment at the end of the term. JCB’s Municipal Lease program is open to state governments and political subdivisions, including counties and cities. Government departments and agencies, including as state universities, fire & police departments, school districts, hospitals, etc are also eligible. Contact the JCB Customer First team or your local JCB dealer.
The JCB Municipal Lease is similar to a standard commercial lease, with three major differences:
1. The intent of the Lessee is to purchase or take title of the equipment at the end of lease term.
2. The lease payments include the return of principal and interest, with the interest exempt from Federal income taxation to the Lessor.
3. The municipal lease provides for termination for non-appropriation of funds to the Government Agency.