Rate Information
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How rates are determined:
Each lease will have a fixed rate of interest.
This rate is based on the following two components:
1. Monthly percentage of the U.S. Treasury Bond.
EXAMPLE:
Percentages until 1/8/08 are:
36 months 114% of T-Bond
48 months 112% of T-Bond
60 months 112% of T-Bond
84 months 112% of T-Bond
120 months 114% of T-Bond
2. Daily U.S. Treasury Bond Rate.
Your rate will be calculated based on the current rate on the day you request a quote:
Example: If you were interested in leasing a fire truck for 10 years (120 months), your interest rate would be calculated: 1.14 x 3.88 (Treasury on 1/8/08) or 4.42%
Please visit Bloomberg.com, for the latest rate of the U.S. Treasury.
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