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 States and their political subdivisions such as counties and cities, as well as departments or agencies such as state universities, fire & police departments, school districts, hospitals, etc. Contact your local JCB dealer for details and to schedule a product demonstration.
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.