Interest Rate Indications as of October 21st, 2017
|Amount Financed||Municipal Rate- 5 Year Term. Annual First Payment in Advance. No Balloon.||Commercial Rate- 5 year $1 out of Loan Rate. Annual First Payment in Advance|
|$25,000 - $250,000||2.99%||5.65%|
|$250,001 - $500,000||2.99%||5.65%|
|$500,001 and Up||2.89%||5.65%|
Above rates are indications only. Offer subject to credit approval.
- Annual payments in advance with equal payment amounts.
- Proposals for monthly or quarterly payments, payment deferrals, skip payments, longer financing terms, larger financing amounts and/or non-uniform payments are also available upon request.
- Rates applicable to bank qualified or non-bank qualified transactions.
- Borrower eligibility for tax-exempt rates subject to qualification as an issuer of tax-exempt obligations, State or Local Government Entity under Section 103 of the US Tax Code.
- Equipment being financed being must be deemed as essential to the obligor’s governmental operations.
- NOT FOR PROFIT OR 501 C 3 ENTITIES, PRIVATE SCHOOLS AND CHARTER SCHOOLS DO NOT QUALIFY FOR THESE RATES.
- All rates are subject to credit & documentation.
- Payments in Arrears may require a down payment or equity position, it is highly recommended to seek BBCS guidance on these structures.
- Rates are subject to change without prior notification.
- Additional information may be required to obtain a credit decision.
- For transactions over $1,000,000 or for other payment structures, frequencies or terms, please contact BBCS for a custom rate proposal.
Blue Bird Capital Services
800-366-1538 Ext. 1595
The rates set forth above are indicative rates only based on market conditions existing as of the date of this matrix. This rate sheet does not represent an offer, commitment or obligation on the part of Blue Bird Capital Services (BBCS) to enter into any contract or provide any particular financing. The interest rate applicable to any definitive transaction may be adjusted to reflect market interest rates prevailing at the time the equipment being financed is delivered and accepted.
Notwithstanding anything to the contrary, including, without limit, acceptance by any borrower, these rates provide an indication of interest regarding a possible arm’s length financing transaction on the general terms and conditions outlined herein and should not be construed as a commitment to finance. Any proposal consists solely of the terms under which BBCS may be willing to enter into a transaction with a borrower for its own account. BBCS expresses no opinion and makes no representation with regard to what leasing or financing alternative is best suited for any borrower. BBCS is not providing advice or recommendations with respect to any potential transaction and has no fiduciary duty to an borrower. Each borrower is encouraged to retain its own advisor.
This tool is for customers that have already recieved a quote. If you haven't received a quote or been assigned a sales respresentative please call our main office at 1-800-962-5768.
*need to be confirmed you are tax exempt eligible
Please note: Other financing options are available that may include balloon payments, skip months, etc., if you are interested in these please call your sales representative for assistance.