Email: Meet Your District’s Transportation Needs with Municipal Financing. School districts have several different payment options available to pay for new school buses. However, in a time of decreased tax revenues and shrinking school transportation budgets, more school districts are turning to municipal financing to meet their transportation needs. Advantages of municipal financing*: No impact on State Debt Limitations; municipal financing is not considered debt Voter referendum is generally not required Process is faster, easier and less expensive than a comparable bond issue Interest rates are usually lower than commercial rates due to the school district’s tax-exempt status To see a full comparison of municipal financing to bond offerings and budgets, please click here. Who is Daimler Financial? Daimler Financial is the captive financial services provider for Thomas Built Buses. Founded in 1974, Daimler Financial is a member of the Daimler AG global family. We manage a portfolio that exceeds $5 billion and over 100,000 commercial vehicles. Daimler Financial highlights include: Over $250,000,000 of successful tax-exempt financing Expertise in all 50 states and with a variety of municipality types Staff specifically dedicated to school bus financing “Best in Class” customer service Daimler Financial Municipal Features**: Low, tax-exempt rates near all-time lows Up to 100% financing Flexible repayment terms up to 10 years Option to defer first payment up to one year Ability to finance ancillary and other essential-use equipment, such as computers, telecommunications equipment and buildings Non-appropriation provision Easy application process and documentation requirements To view our municipal brochure featuring detailed documentation requirements, eligibility and terms, please click here. To find out how your district can benefit from municipal financing, contact Daimler Financial today by phone at +1 866 351-4672 or by email at MunicipalFinance@daimler.com. *The laws and statutes of each state vary and may result in different regulations depending upon the state, municipality, or specific transaction. NM requires voter approval on some transactions with terms in excess of 1 year. **Actual rates, terms, down payment and program eligibility will be determined by the Daimler Financial Credit Team based upon creditworthiness of customer. ©2011 Mercedes-Benz Financial Services USA LLC. All rights reserved. Daimler Truck Financial is the captive financial services provider of Thomas Built Buses, a division of Daimler Trucks North America LLC. Mercedes-Benz Financial Services USA LLC and Daimler Trucks North America LLC are both Daimler companies.