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Municipalities generally cannot execute retail financing agreements to obtain vehicles without meeting certain legal requirements first. How is the documentation on this plan any different?

April 26, 2017agreements certain execute financing meeting municipalities obtain retail vehicles

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Municipalities generally cannot execute retail financing agreements to obtain vehicles without meeting certain legal requirements first. How is the documentation on this plan any different?

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Since GMAC specifically created this plan for municipalities, GMAC’s standard documentation already includes certain clauses (non-appropriation/fiscal funding clause) that municipal customers often require to enter into this type of transaction.