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Renting
Options for renting floor care robots.
Leasing
Options for leasing floor care robots.
Meeting Your Unique Needs
Municipal and federal agencies are eligible for special leasing terms so that they may acquire needed equipment to meet the demand for better performance and greater efficiency. Intellibot works with an expert in government leasing programs to make these lease products available to you.
Tax-Exempt Municipal Lease
School districts, state and local governments and other municipalities can acquire an Intellibot cleaner with a Tax-Exempt Municipal Lease. Essentially an installment sale contract, your organization owns the unit from day one and pays for it over a specified period of time (typically 2 to 10 years). Because the payments are subject to your appropriation funding, the lease is considered a yearly, renewable obligation. If funds are not appropriated in a given year, the lease may be cancelled. For this reason, your payments are considered an operating expense rather than debt.
The lease has these benefits:
* No cash down payment
* Fully amortized payment schedule with no balloon payments at the end
* Interest portion of lease is exempt from federal and state income tax
* Usually doesn’t require voter approval
* Includes a non-appropriation exit clause
* Does not contribute to your debt ceiling, so your organization retains its borrowing capacity
Virtually any municipality that can issue tax-exempt securities is able to use this tax-exempt municipal lease product.
Federal Lease Financing
A Federal Lease Financing Agreement is essentially a purchase order with a yearly, renewable obligation. If funds are not appropriated in a given year, the government may cancel the lease, regardless of the remaining number of payments. The interest portion of a federal lease is subject to federal income tax.
Municipal and federal agencies are eligible for special leasing terms so that they may acquire needed equipment to meet the demand for better performance and greater efficiency. Intellibot works with an expert in government leasing programs to make these lease products available to you.
Tax-Exempt Municipal Lease
School districts, state and local governments and other municipalities can acquire an Intellibot cleaner with a Tax-Exempt Municipal Lease. Essentially an installment sale contract, your organization owns the unit from day one and pays for it over a specified period of time (typically 2 to 10 years). Because the payments are subject to your appropriation funding, the lease is considered a yearly, renewable obligation. If funds are not appropriated in a given year, the lease may be cancelled. For this reason, your payments are considered an operating expense rather than debt.
The lease has these benefits:
* No cash down payment
* Fully amortized payment schedule with no balloon payments at the end
* Interest portion of lease is exempt from federal and state income tax
* Usually doesn’t require voter approval
* Includes a non-appropriation exit clause
* Does not contribute to your debt ceiling, so your organization retains its borrowing capacity
Virtually any municipality that can issue tax-exempt securities is able to use this tax-exempt municipal lease product.
Federal Lease Financing
A Federal Lease Financing Agreement is essentially a purchase order with a yearly, renewable obligation. If funds are not appropriated in a given year, the government may cancel the lease, regardless of the remaining number of payments. The interest portion of a federal lease is subject to federal income tax.