Sparta Commercial Services is a New York-based technology company that has its roots in the powersports industry, where it originally focused on providing consumer and municipal financing to the powersports, recreation, and automobile industries.
The company specializes in offering a Municipal Lease Purchase Financing (LPF) Program, which allows municipalities to efficiently purchase vital equipment, such as police cruisers, motorcycles, other emergency vehicles, and essential-use equipment, including maintenance or service contracts, without large, up-front cash payments, effectively giving them more purchasing power. Recently, Sparta agreed to replace the city of Raleigh, North Carolina’s police motorcycles with brand new BMW vehicles through this program.
Sparta’s Municipal Leasing Program has become a highly popular source for the acquisition of essential equipment by cities, towns, and other municipal jurisdictions around the country in recent years. The popularity of the program is due to its ability to provide governmental agencies with a more economical method for needed vehicles and other equipment than traditional purchasing. The Sparta alternative enables jurisdictions to spread the payments over time, making the budgeting process much more flexible while still securing the often costly items that are required.
In addition to the city of Raleigh, Sparta has already serviced ten other North Carolina municipalities, including the cities of Charlotte and Greenville, and has just added an eleventh, with the town of Holden Beach, for a Dodge Charger police cruiser replacement for their law enforcement department. For these agencies, the lease purchase financing allows installment lease payments, which can be paid monthly, quarterly, semi-annually, or annually. As payments are made, the municipality — which maintains ownership of the equipment — builds equity in its investment.
For more information about the Sparta Municipal Lease Program, visit www.spartamunicipal.com
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