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Direct Lease Program

GMA’s Direct Lease Program finances 100% of eligible essential equipment costs at attractive interest rates and flexible terms. Common purchases include police and fire vehicles, heavy equipment, computer servers and a host of other asset classes.

To initiate a relationship, a City would first execute a GMA Master Lease. Then all future purchases will be documented with a very simple Lease Supplement prepared by GMA staff.

Program Benefits

  • Attractive interest rates obtained though GMA’s network of lenders.
  • Flexible payment terms from 2 to 13 years depending on the underlying equipment being financed.
  • No upfront fees, prepayment penalties or residual payments due at lease expiration. After the transaction is fully repaid, title to the equipment reverts back to the City.
  • Dedicated GMA staff tasked to work with the City from origination to close.

Costs

No up-front fees. No required down payments. No prepayment penalties.

Am I Eligible?

We consider all leases on a case-by-case basis.

If you decide to participate in the Direct Lease program, you will adopt a Master Lease (one-time) and submit your two most recent financial audits (or Comprehensive Annual Financial Reports) to us for a credit review.

When you adopt the Master Lease, certain City officers are then authorized to execute supplemental leases for essential equipment—making future purchases much easier.

View the Direct Lease types and leasing periods.

If you’re interested in either the Direct Lease Program, reach out to Philip Potter (678) 686-6274 today. You may also call toll-free in Georgia at (888) 488-4462.

Learn More about the Direct Lease Program

Case Studies

Case Studies

These case studies demonstrate the potential benefits that cities could receive by participating in the Direct Lease Program.

Direct Lease Participating Entities

Direct Lease Participating Entities

Get a list of entities currently participating in services related to the Direct Lease Program.