How Police Car Leasing Works – Step by Step
Step #1: Police car leasing begins with dealer and vendor pricing quote (exact, or your best estimates) on the vehicles and equipment your are considering–include whatever upfits you normally include to make very police fleet vehicle “street ready” for your departments use.
Select ANY VENDOR of your choice— a local dealer or the state contract provider; one source or 5, whatever it takes to get exactly what YOU need. Your pricing estimates may well change as we get closer–that happens all the time and that’s fine! Before anything is finalized, all pricing will be re-calculated “down to the penny.”
Step #3: The one-page police car leasing quotation that we provide will CLEARLY show the payment amounts and our LOW municipal interest rates. We will provide rates for any terms and options (e.g. 3, 4, 5 or 6 years, monthly, quarterly, semi or annual payments) starting on the dates you select.
Step #4: Pricing, equipment and terms are all “fine tuned” to your exact requirements. Have we answered every question about government fleet police car leasing? Great! Fax or email us the 2-page credit application along with a copy of the quotations from your dealer and vendors, a current budget and the last 3 years of audits.
(For transactions under $100,000 all we’ll need is a 1-page application and vendor quotation. No audits required.)
Step #5: Municipal lease contract documents will be drafted and overnighted for your review, approval and signature. We even provide a prepaid overnight return envelope for your convenience.
THAT’S IT! Upon receipt of the executed police car leasing documents, the full amount of the lease is deposited into an account in your city’s name, at our bank. Our bank will be ready to disburse up to 100% of the lease funds to your vendors on your behalf. A bank wire transfer or cashiers check will be released within 3 business days of your request.
You are 100% in control. at all times A confirmation copy of each disbursement you authorize (via bank wire transfer or cashier’s check) is provided on the next business day
Pretty Easy, Right?
View all of our FAQ’s here!