• Police Department Police vehicle financing
  • Newark Police Department Motorcycle Fleet Police vehicle lease
  • Fire Department Truck Municipal Leasing
  • Municipal financing
  • Tax-exempt lease
  • Government financing
  • Lease purchase

What Are The Financial Process – Basic Steps?

Category: FAQ

The Basic Steps of the Financial Process are:

  • Obtain quote for equipment from qualified vendor
  • Credit process (submission of credit application and financial information)
  • Legal contract specific to transaction issued
  • Lessee executes contract and returns to Sparta with any additional items required
  • Sparta obtains vendor invoices and MSOs (where applicable), and verifies insurance coverage
  • At equipment delivery, lessee ‘accepts’ equipment and authorizes Sparta to pay vendor on their behalf
  • Lessee makes payments directly to Sparta or its assigns in accordance with payment schedule through contract maturity

 

 

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