Types of Equipment
The kinds of equipment and vehicles leased are dump trucks, firetrucks, pickups, garbage trucks, road equipment, landfill equipment, sanitation equipment, computers, patrol cars, and communication equipment. Terms are three (3) to five (5) years with longer terms available upon request.

First, Decide On Your Equipment. Then Let Us Do The Rest
Once you have decided on the equipment you need and a bid is awarded, First Continental will buy the specified equipment. Then, your government simply makes payments to us according to the agreed-upon terms. Your government owns the equipment once the term is up!

Municipal Leasing Advantages

• The approval cycle is simple and quick
  No election is required, as through bond financing, and municipal leasing plans are often approved in a matter of hours.
• Interest rates are competitive, and interest is tax exempt
  Municipal leasing saves man hours and government expense — the simple process requires a limited number of people and limited document review compared to other types of funding.
• Municipal leasing contracts are flexible
  They are tailored to the budgetary and legal requirements unique to a city, county or state. Often, the lease can be expanded or upgraded after it is in effect.
• Costs are spread out over several years
  Outright purchasing of big-ticket items could cripple a community financially. Municipal leasing makes buying such necessary items affordable.
• No up-front investment
  Low tax-exempt, simple interest rate; simple interest (no penalty) early payoffs.
• Interim funding
  Allows your government to take delivery of many pieces of equipment over a six-month period and lump all purchases into one lease.