Fire Truck Refinancing: How to not blow a lot of money
Last week we showed how one department refinanced their aerial loan, lowered their rate, and wasted over $62,000.This week, we’ll show you what they could have done smarter and would have saved them money.BackgroundThe Department lowered their rate by almost 2% but paid almost $68,000 in fees for the new loan. These fees wiped out any savings from the lower rate. The refinancing bank was only
Fire Truck Refinancing: How to blow a lot of money
The primary goal of refinancing your fire truck lease or loan is to save money. And if you measure the wrong things, you may end up paying more.Let’s hear the story of fire department who got a lower interest rate but paid a lot more money.The department owed about $702,000 on an aerial.They had 14 years remaining and the interest rate was about 5.0%.The department received an interest rate to
Fire Truck Leasing: How to save money – Part 7
Most departments get the wrong information in trying to save money for a lease or a loan for their fire truck. They want to know how to save $$$ but they only ask about the %.We advised that Total Borrowing Cost is the best method to compare financing offers. Now, how do we use Total Borrowing Cost to save money?All facts are not the truthEveryone knows to ask about the interest rate, but can
Fire Truck Leasing: How to save money – Part 6
Most departments get the wrong information in trying to save money for a lease or a loan for their fire truck. They want to know how to save $$$ but they only ask about the %.We advised that Total Borrowing Cost is the best method to compare financing offers.
Fire Truck Leasing: How to save money – Part 5
Most departments get the wrong information in trying to save money for a lease or a loan for their fire truck. They want to know how to save $$$ but they only ask about the %.We advised that Total Borrowing Cost is the best method to compare financing offers.
Third Round of AFG Grant Awards Announced
Authors and source External author: Firehouse.com News On Friday, Dec. 30, the second round of the Assistance to Firefighters Grants (AFG) for FY2011 was announced. View the list of recipients The primary goal of the AFG funds is to meet the firefighting and emergency response needs of fire departments and nonaffiliated emergency medical services organizations
Michigan Fire Department to Dissolve, Merge With Another
Subtitle: Pontiac firefighters agreed to merge with Waterford Township’s department rather than risk being laid off. Authors and source External author: Firehouse.com News Embedded Video: Pontiac firefighters agreed Wednesday to dissolve and merge with Waterford Township’s department rather than risk being laid off
Michigan Dept. to Dissolve, Merge With Another
Subtitle: Pontiac firefighters agreed to merge with Waterford Township’s department rather than risk being laid off. Authors and source External author: BY MEGHA SATYANARAYANA Detroit Free Press Embedded Video: The nearly insolvent City of Pontiac expects to save $3 million by dissolving its fire department and merging it with the Waterford Fire Department. Pontiac’s 57 firefighters agreed to the plan Wednesday after receiving layoff notices Saturday
Fire Truck Leasing: How to save money – Part 4
Most departments get the wrong information in trying to save money for a lease or a loan for their fire truck. They want to know how to save $$$ but they only ask about the %.We advised that Total Borrowing Cost is the best method to compare financing offers.
Wash. Bill Would Require Firefighters to Pay Fees
Subtitle: The bill requires firefighters — including volunteers — to pay the state for certifying and disciplining them. Authors and source External author: BY CAROL M