Every single day fire departments waste thousands of dollars and financially hurt themselves because of a common myth
So, what is the myth? That financing a fire truck is like financing anything else.
Most people who call have experience in financing a car or home. And even that is confusing for most people.
So, they think that financing a fire truck is all about the rate. And that is true for cars and homes where you don't have many choices about how many years, whether to pay monthly or annually, what month to pay the payment, etc. etc. etc.
But financing a fire truck involves so much moreThere are literally hundreds of options. Each one can save or cost your department thousands. Or do something to hinder your chances at buying the next truck. Or be surprised by some hidden cost or term down the road.
SummaryThe biggest myth is that financing a fire truck is just like everything else. It's not even close. There are just too many potential options that can help or hurt your department. Find someone you trust to help you walk through the options.
John R. Hill