• Police Department Police vehicle financing
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  • Tax-exempt lease
  • Government financing
  • Lease purchase

Who owns the equipment under a tax-exempt municipal lease and how is the equipment titled?

Category: FAQ

Title may either be retained by the lessor until all payments have been received or may be granted to the lessee at lease inception. In the case of the latter, the obligation is secured by a 'perfected' first security lien on the equipment. In most cases it is preferable to pass title up front to avoid any potential tax issues.

 

 

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