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Otto Equipment Financing
Take control of your cart budget with municipal lease financing.
Municipal lease financing is a tool that government agencies across the country use to purchase carts, containers and bins and support contracts, which allows acquisition cost of carts to be spread over multiple years of service. The payments are subject to annual budgetary appropriation and are included as a line item in the operating budget and thus are not considered debt.
Otto now offers municipal lease financing to provide government agencies with the resources needed to purchase their immediate carts today while staying within budgetary limits. We will work with you to provide your city with the most competitive, most user-friendly program available. Otto's municipal lease financing benefits your city's needs in many ways.
- Sole-sourced contract
- Competitive rates
- No debt created
- Rates locks (tied to your delivery schedule)
- Up to 100% financing with no down payment
- Customized finance packages (such as variable, skip or balloon payments)
- Flexible repayment terms (extended terms)
- Easy to add additional equipment
- Terms up to 10 years
- Simplified documentation
For more information on a municipal lease financing program, please call our Marketing/Sales Office at (888) 978-1018. |