Sparta Commercial Services, provider of consumer financing and leasing solutions, is expanding the asset classes eligible for its Municipal Leasing Program that are currently available to law enforcement agencies, stated a Sparta press release.
The additional classes will be all types of tactical and emergency service vehicles, patrol cars, helicopters and other equipment now required by many jurisdictions.
“At the request of these agencies, we have now added other asset classes to the eligible collateral that qualify for our Municipal Leasing Program,” Anthony Havens, CEO of Sparta, said in the release. “We were also approached by certain specialty vehicle manufacturers asking us to provide terms to the budget constrained municipalities that were having trouble finding plans to meet their needs. We see this as a significant opportunity to further serve this market.
“We see the municipal market as a great opportunity for Sparta, given the advantage of these additional qualifying classes of assets that we now have and we look forward to aggressively serving that market and expect it to have a long-term positive impact.”