MUNICIPAL FINANCING

Managing your fleet needs within a constrained budget is a challenge. That’s why we offer tax-exempt lease purchase solutions for commercial vehicle financing to municipal borrowers.*

International® provides premier service and support:

• A captive financing partner dedicated to the transportation industry
• Ease of doing business
• Industry-leading customer service
• Preserve traditional sources of liquidity

If you’re interested in equipment ownership, new or used, an International® Financial tax-exempt lease purchase may be right for you.

Tax-exempt lease purchases can provide*:

• Expedited and competitive access to capital  
• Typically, no voter approval required
• No agency rating or bond insurance required
• No financial covenants required
• Typically, no pledge of revenue or covenant to levy additional taxes required

Tax-exempt lease purchases are available for up to 25% more than the original equipment cost of the vehicle and body, if applicable, which can include implementation and soft cost* items such as:

• Vehicle titling fees
• Service solutions
• Extended service contracts
• Chargers for battery electric vehicles

Our tax-exempt lease purchase options are available for the same vehicles as any International Financial customer.

• New and used International vehicles
• New and used IC Bus® vehicles
• Used vehicles of all makes and models offered through International dealers, IC Bus dealers and International Used Truck Centers
• Electric vehicles
• Trailers 

We understand that your needs may evolve over time. If you need a larger credit limit to expand your fleet, are considering refinancing other equipment, or need support with financing your next equipment acquisition, please reach out to your International or IC Bus dealer to work together to find the best path forward.

Municipal financing* can provide: 

• Options for payment frequencies (monthly, quarterly, semi-annual, and annual)
• Lease tenors of up to 144 months (with maximum term not to exceed the useful life of the asset)
• Financing for a wide range of motor vehicle categories (trucks, tractors, trailers, school buses, etc.)
• Notional escrow account option available upon request
• Optional down payment 
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When you’re prepared to take the next step, we’ll be ready to help you throughout the entire process. Simply contact your local International dealer, IC Bus dealer or International Used Truck Center and ask about tax-exempt lease purchase. A representative will collect your required information and quickly process your request.

Please have available:

• Approximate transaction size in dollars
• Collateral description
• Proposed payment structure (for example, annual in arrears)
• Anticipated customer acceptance date
• Verification of eligibility