Comvest, Ltd., Inc.

SCHOOLS
By entering into a lease-purchase agreement with Comvest, public entities can obtain ownership without debt obligation. Lease-purchase agreements stipulate that payments from governmental and tax-exempt agencies are subject to annual appropriations. Payments are regarded as a current obligation, not a debt, and require only the approval of the governing body rather than a public referendum. County boards of education renew the lease annually until full performance of the lease, at which time ownership passes to the board.

     Comvest's lease-purchase program enables schools to cope with shrinking revenues and tax base. Instead of putting off major equipment purchases, Comvest works with representatives to take advantage of good market opportunities and the lowest rates available.

What are the advantages of leasing versus a loan?
     Leasing is an intelligent alternative to a bank loan, which normally has floating rates. Leases are available at the most competitive rates with quick turn around on credit decisions and funding. Leasing equipment allows you to have more cash available for expenses such as improvements, expansions, or day-to-day operations.

What can I lease?
     All types of essential school equipment, vehicles, and buildings, including, but not restricted to: buses, bleachers, computers, library equipment, cafeteria equipment, HVAC equipment, office equipment, kitchen equipment, additions to buildings.

Reasons a school system should consider Lease-Purchasing financing:

Allows fiscal impact of purchase to be spread over a portion of the useful life of the equipment or facility.
Helps eliminate "spikes" from the budgets.
Helps school systems get purchase approved by political decision makers.
Allows school systems to take advantage of fixed interest rates and manufacturer's discounts.
Does not require voter approval. Lease-purchase is not considered a debt.