Turn-In Lease                                                                                                                          Download Brochure

The Turn-In Lease features a municipal lease contract written with a balloon payment at the end of term. The contract includes an option to "turn-in" the leased vehicle at the balloon payment maturity date for another Pierce vehicle.

Pierce will guarantee the turn-in value of the existing leased vehicle at contract signing of the lease, subject to terms and conditions.

If you elect not to exercise the "turn-in" option for another vehicle at the end of the contract term, simply make the balloon payment or refinance the vehicle.

The lease contract is based on tax-exempt interest rates, providing the lowest payment option possible.

Benefits of a Turn-In Lease

• Increases buying power.
• Lower payments mean more options and/or a larger fleet.
• Provides opportunity to keep new trucks in fleet at all times.
• Less risk in the configuration of the vehicle.
• Apply turn-in to accommodate changing apparatus requirements.
• Offers flexibility to own.

When to consider a Turn-In Lease:

Customer Situations	Potential Needs	Turn-In Lease Opportunities
Can't decide on truck configuration for long-term needs.	Flexibility to modify truck configuration and/or buy new truck as needs change.	Guaranteed turn-in value eliminates any risk associated with the current vehicle. If you decide that the current vehicle doesn't meet future needs, simply use guaranteed turn-in value to pay off existing truck and enter new vehicle lease.
Lease payments are too high.	Financing package allows you to realize lower payments now.	Leases are structured with a balloon payment thereby lowering the annual payments with an option to refinance balloon at end of term.
Fleet maintenance levels too costly.	Need to periodically replace vehicles to maintain fleet.	Lower lease payments with a guaranteed turn-in value allows for truck replacement every five years with similar lease payments.

Contact us for assistance. Let us help you order the firefighting apparatus you need today.

For your Oshkosh Capital representative, call 1-800-820-9041 or e-mail us at dan.wong@oshkoshcapital.com.

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