North American Bus Industries Financial Services
North American Bus Industries Financial Services offers lease finance solutions to the customers of North American Bus Industries, Inc. North American Bus Industries assembles and sells a full range of heavy-duty diesel, compressed natural gas (CNG), liquefied natural gas (LNG) and hybrid-electric powered transit buses to metropolitan transit authorities across the nation. A member of The Traxis Group B.V. and an affiliate of Traxis Financial Group (TFG), North American Bus Industries’ headquarters and manufacturing facilities are located in Anniston, AL.
North American Bus Industries Financial Services provides an array of finance products to our customers, including:
Tax-Exempt Municipal Lease-Purchases:
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Available to state and municipal government entities (including transit authorities) when the entire cost of the asset is financed during the term of the lease-purchase, the asset is essential to the municipality’s operation, and the municipality retains ownership of the asset at the end of term
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Municipalities (the “lessee”) acquire title and full ownership of the buses or other equipment being financed through installment payments over a term of three to twelve years
--Municipalities can attain very low finance costs, as North American Bus Industries Financial Services (the “lessor”) passes on the tax savings associated with tax-exempt transactions to the municipality in the form of lower rates -
All North American Bus Industries Financial Services lease-purchases contain a non-appropriations provision, permitting a non-default termination if sufficient funds are not appropriated in future years
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Since lease-purchases are not unconditional debt obligations of the municipality, voter approval is generally not required
Taxable Leases for Federal, State and Municipal Government Entities:
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North American Bus Industries Financial Services provides competitive rates for taxable leases and will customize its leases to fit customers’ particular budgetary, timing, state-specific and individual needs
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Can accommodate separate maintenance agreements as part of a single-source leasing solution
Trade and Cross-Border Finance:
North American Bus Industries Financial Services will work with foreign government entities interested in the lease-purchase financing of North American Bus Industries buses/equipment
Grant Optimized Financing Structures:
North American Bus Industries Financial Services has developed financing products to achieve maximum benefit from relevant federal and state grant programs (e.g. FTA grants and state/federal clean-air environmental initiatives)
These standard structures can be customized to accommodate non-uniform payments, deferred payments, skipped payments, balloons and purchase options.
Other Finance Offerings:
In conjunction with the finance solutions described above, TFG also offers to qualified borrowers:
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General Corporate Finance
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Working Capital Finance
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Accounts Receivable Finance
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Acquisition Finance
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Inventory and Spare Parts Finance
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Municipal Real Estate Finance (e.g. Station Improvements, Bus Shelters)
Benefits of Transit Fleet Upgrades via Financing:
North American Bus Industries Financial Services has worked with transit authorities in cities large and small throughout the U.S. to identify financing structures that will allow them to overhaul their aging fleets with new and more operationally efficient vehicles. Advantages of lease financing include:
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Tremendous Operating Cost Savings That Can Exceed Total Financing Costs
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Excess Cash Flow for Operations
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Reduced Fuel, Repair and Maintenance Costs
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Increased Customer Satisfaction and Fare Revenues From New, More Comfortable Buses
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Positive Environmental Impact Through Newer and More Fuel-Efficient Buses (e.g. Hybrids)
Regardless of your funding requirements, we can deliver the right financial solution for you. To learn more about the specific products that we offer and to view real-life examples of how North American Bus Industries Financial Services has helped transit authorities, federal entities and commercial businesses throughout the U.S., please visit us at our parent company website below or contact one of our financial representatives at 203-562-0200.
North American Bus Industries Financial Services
201 Orange Street
New Haven, Connecticut 06510
203.562.0200