software. communications equipment. Federal Lease includes computers. security systems. vehicles and other properties.What is a Federal Lease   A Federal Lease is an alternative to an outright purchase. . furniture. office equipment. It allows Federal Agencies to obtain necessary equipment and other assets while still operating within their budget.

Commerce. some contractors and subcontractors to the Federal Government use Federal leasing to acquire property needed to fulfill their contracts. General Accounting Office. . Department of Transportation. Energy. Government Printing Office).). Education. Health and Human Services. State. Library of Congress.Who Uses a Federal Lease      Most agencies of the executive (such as the Departments of Agriculture. legislative (House of Representatives. as well as several semi-independent agencies. Defense. judicial (Supreme Court and other Federal Courts) branches of the Federal Government. Labor. In addition.

GLC overcomes this budgetary constraint by financing the property. insufficient funds are budgeted for the outright purchase of essential property. .Government Leasing Company   GLC offers financing for tangible and intangible property acquisitions by Government Agencies and political subdivisions for transactions that are either taxable or tax exempt under the provisions of the Internal Revenue Code of 1986. The most significant challenge faced by Governmental Agencies when acquiring needed property is their fiscal year budgetary requirements. Often.

. the Government Agency makes scheduled payments.  The term of a Federal Lease is typically one to three years and. depending upon the type of equipment and the needs of the Federal Agency. During the term of the lease. GLC provides flexible payment terms that meet the financial needs of the Federal Agency.

.  GLC provides public administrators an effective means of acquiring needed property at low interest rates GLC is particularly adept at obtaining funding for complex and unusual transactions and property.

At the end of the lease term the agency either renews the lease for an additional term or returns the property to the leasing company. Straight Lease or Rental: the agency makes regular payments for the term of the lease. the agency owns the property. Lease With Option to Purchase (LWOP): the agency makes regular payments for the term of the lease and has the option to purchase the property at the end of the lease term for a specified amount. .Leasing Options    Lease To Ownership (LTOP): the Federal Agency makes regular payments for the term of the lease. the property can be returned to the leasing company or the lease can continue for an additional term (s). If the agency chooses not to exercise its option to purchase. At the end of the lease term.

.advantages     Leasing presents the opportunity to spread the acquisition over multiple budgetary periods. which is more likely to correspond with the useful life of the equipment low rates permit the agency to increase their purchasing power When the cost of equipment is viewed as a series of monthly payments. the budgetary process is more efficient in managing an acquisition. It is simple and easy process.

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