Municipal Lease-Purchase Plan

Municipal Lease-Purchase Plan

serving municipalities that serve us all.

Municipal Lease-Purchase Plan

serving municipalities that serve us all.

This program helps eligible municipalities acquire financing for ambulances, police cruisers and other essential-use vehicles on a tax-exempt basis.

Contact Us

CSG Help Desk

1-877-602-3343
Mon – Fri, 9 am – 7 pm ET
csghelpdesk@ally.com

This program helps eligible municipalities acquire financing for ambulances, police cruisers and other essential-use vehicles on a tax-exempt basis.

Contact Us

Contact Us

1-877-602-3343
Mon – Fri, 9 am – 7 pm ET
csghelpdesk@ally.com

Key Features

Product

  • Municipal vehicle lease for cars and trucks that are used for essential government work
  • Municipality ownership of the vehicle at maturity so there are no mileage or wear and tear limitations
  • Costs of vehicle maintenance and insurance are the responsibility of the municipality
  • $1 Residual

Eligibility

  • Municipalities must be tax-exempt under Section 103 of the IRS Code – although tax-exempt status alone does not automatically mean an entity is eligible for a municipal lease-purchase with Ally
  • Municipalities should consult with their legal or tax advisors regarding tax-exempt status and qualification for a municipal lease-purchase plan with Ally

Eligible vehicles:

•   New and used (current series used through 1 year old)

•   Passenger, light- and medium-duty trucks

•   Certain upfitted vehicles

•   Emergency vehicles


Additional details

•   Flexible term options available to meet the needs of your municipality

•   Vehicle title is in the municipality’s name; Ally holds the lien

•   $0 security deposit

•   Physical damage and liability insurance requirements may be waived, upon approval, if municipality is self-insured

Benefits

For your customers

•   Provides flexible financing and payment schedules, including monthly, quarterly, semi-annual and annual

•   Allows vehicle acquisition when needed

•   Offers clear documentation with clauses that municipalities often require

For your dealership

Attracts municipalities who often have multi-department fleets – potentially bringing a large volume of business to your dealership.

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