Fire Truck Leasing Newsletter - Volume 1

Published by Commercial & Municipal Capital
- - specializing in tax-exempt loans for fire trucks and fire stations.

Included in this issue:
We just changed our name to "Leasing 2".
Interest rates are extremely low right now - now is the time to finance.
Our "firetruckleasing.com" Web Site is gathering momentum!
It's very expensive to delay the purchase of a fire truck!

We just changed our name to "Leasing 2"

We just changed our name from "Commercial & Municipal Capital" to "Leasing 2". There are several important reasons why we did this. First, we have decided to no longer provide commercial leases but to just specialize in "municipal" or "tax-exempt" leases. Thus we wanted to get the word "Commercial" out of our name. Secondly, we have decided to branch out from our fire business into several other municipal lease areas such as law enforcement, public schools, etc. The "Leasing 2" name lends itself to this as in "Leasing to Fire Departments", "Leasing 2 Public Schools", etc. Thirdly, there are a couple of other companies in the leasing business that go by "Commercial & Municipal Capital". It was beginning to confuse those fire departments and fire vendors that we do business with.

Please be advised that nothing else has changed except our name. We still have the same address, phone and fax numbers, web sites, people, etc. Of course, Whitey Meyers is still exclusively responsible for servicing fire departments and fire vendors.

Interest Rates are extremely low right now - now is the time to finance!

Interest rates are lower right now than they have been in the last 10 years. If you are considering financing any capital purchases in the next year or two it would make good business sense to arrange the financing now to take advantage of these low rates. Keep in mind that it usually takes a month or so to make purchase and finance decisions and fire trucks and fire stations usually take close to a year to complete. Also, we can lock today's low rates in for you but your first lease payment can be scheduled for up to a year after completion of the truck or station.

Also, if you are currently paying on a sizable fire truck or fire station loan the chances are good that we can save you thousands of dollars every year by refinancing those loans.

Please call Whitey Meyers at 800-287-5155 x 11 if you feel you might be interested in considering this and have some questions or would like to receive a preliminary quote on a lease.

Our "firetruckleasing.com" Web Site is gathering momentum!

In our last newsletter we announced the addition of "Late Breaking Fire Industry News" to our "firetruckleasing.com" Web Site. This feature posts fire industry news almost as it happens. Every few minutes our articles are updated from around the country. The odds are very good that if a significant fire occurred in your area in the last 24 hours it will be posted to our web site.

We have had many complements about this feature and a lot of firefighters and fire vendors are beginning to check it daily for late breaking fire news.

Take a moment and check us out and bookmark the site so you can return to it often:

http://www.firetruckleasing.com

It's very expensive to delay the purchase of a fire truck!

In an attempt to spend their money wisely, many fire departments delay buying new fire trucks for as long as possible. Few fire departments appreciate how much these delays actually cost them. The reality of the situation is that the inflation of truck costs is outpacing the cost of leasing. To understand this, consider the fact that the purchase price of new trucks has been increasing over the last number of years due to increasing costs of materials and equipment - we estimate this increase to average about 5% per year. As the following schedule illustrates:

1. In 5 years, the cost of a $180,000 fire truck will inflate by $49,730

2. The interest cost on a 5 year tax-exempt lease will be $21,561

3. The savings that can be gained by leasing the truck now will be $28,129

So, if you want to save money for your department, buy that fire truck now and lease it.