Newer, more fuel-effi cient vehicles lower total operating costs and may lower the total cost of ownership.
M
any public agencies are dis- covering that Ford Credit’s Municipal Lease/Purchase
fi nancing program is an answer to acquiring essential equipment within limited budget confines—without major cash outlays, long-term debt obligations or, in most cases, voter approval. Fixed-rate fi nancing helps you get the vehicles you need, when you need them, while sticking to your current budget. T e Ford Credit plan has fl exible repay-
ment terms and billing plans, which can be monthly, quarterly, semi-annual and annual. In addition to the police vehicle, the police department can fi nance both the aftermarket upfi tted emergency gear and an extended warranty plan. Equity is accumulated with each payment, and own- ership is realized at lease-end with a fi nal payment of $1. T is leasing program has a number of time-honored advantages like 1) avoiding the high costs of maintaining older equip- ment; 2) low-cost, tax-exempt interest rates; 3) no down payment or security de- posit required; 4) no mileage restrictions;
The Ford Credit lease/buy program can include all of the aftermarket upfi tting parts and installation for a turn-key police vehicle.
5) no maintenance and repair; and 6) no return provisions.
Case Study: Lincoln, Calif. T e City of Lincoln, located near Sacra- mento, was one of the fastest growing
cities in the United States. By the 2010 Census, the population was just under 43,000 residents. Like many municipali- ties, when the economy slumped a few years back, the city’s budget also took a dive. T ese cutbacks greatly impacted the
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