Pulaski County May Consider Lease Purchase Agreement for Next Ambulance

 

Financing options for a new ambulance were presented to the Pulaski County Commissioners last month. Angie Deming with Republic First National out of Rochester explained that the company specializes in lease purchase agreements. “Really, a lease purchase is no different than a loan,” she explained. “The only thing that makes this program different than a loan is that a loan is going to have a fixed term; regardless of what happens here at the county, you’re required to make the payment. However, with the lease purchase plan, it has a clause that’s called a non-appropriation clause in it.”

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