What Are The Financial Process – Basic Steps?
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
Fire Dept. Equipment
Municipal Needs
Police Equipment
Municipal Leasing Benefits
- It's Affordable.
- No large, up-front cash outlays
- Competitive interest rates
- Finance Up to 100% of the project cost.
- Preservation of capital.
- Assets can be financed over their useful life.
- Locked in fixed rate for the term of the lease.
- Simplified documentation.