Frequently Asked Questions

About Sourcewell cooperative purchasing, government equipment leases, and more

Leasing does not seem to be an option for my agency. Now what?

In some jurisdictions leasing and/or financing is indeed prohibited. When faced with this situation its best to engage an NCL professional to research it on your behalf.

How does a Fair Market Value Lease work?

NCL Government Capital retains ownership of the equipment while the agency is offered fixed payments during the life of the lease. At the end of the lease, the agency can choose to:

  • Extend the lease beyond the original term,
  • Purchase the equipment at fair market price,
  • Return the equipment, or
  • Trade-in for newer equipment before the end of the primary term.

Conditions may differ per market.