$1 Buyout Lease
Suited for:
Upgrading your business equipment and keeping upfront costs minimal
Equipment Leasing
Equip your business for success
Our business bankers can help you financefootnote1 the equipment your business needs to thrive.
Talk to a Business Banker
1-800-400-2781
TTY 1-800-487-1443
This fixed-rate, fixed-term lease typically provides:
- Up to 100% financing, often including sales tax, shipping, and installation costs
- A fixed lease payment
- Flexible payment options—including monthly, quarterly, semi-annual, and annual
- Ownership of the equipment at the end of the lease for just $1
PRO Lease
Suited for:
Keeping equipment financing costs as low as possible
This fixed-rate, fixed-term lease typically provides:
- 100% financing, often including sales tax, shipping, and installation costs
- A fixed lease payment
- Flexible payment options—including monthly, quarterly, semi-annual, and annual
- Stated residual value agreed upon jointly at lease inception
- Bank of the West is the owner of the equipment and receives the associated depreciation expense
- Payments on this tax-oriented lease are typically lower than a traditional loan product as a result of the residual amount and the depreciation generated by ownership of the equipmentfootnote2
- Possible ownership of the equipment at the end of the lease for the greater of the stated residual value or its then Fair Market Value
- If the purchase option is not selected, the lease will extend for an additional 12 months, typically at a reduced payment amount
TRAC Lease
Suited for:
Financing a truck, trailer, bus, forklift, or loader
This fixed-rate, fixed-term lease typically provides:
- 100% financing, often including sales tax and delivery charges
- A fixed lease payment
- Flexible payment options—monthly or quarterly
- Bank of the West is the owner of the equipment and receives the associated depreciation expense
- Payments on this tax-oriented lease are typically lower than a traditional loan product as a result of the residual amount and the depreciation generated by ownership of the equipmentfootnote2
- Possible ownership of the equipment at the end of the lease for a fixed price agreed upon at lease inception
- If the equipment is returned at the end of the lease, we will sell it. Any sale proceeds greater than the agreed upon purchase price after the Bank's selling expenses are deducted will be returned to you. If sale proceeds are less than the agreed upon purchase price after the Bank’s selling expenses are deducted, you will be required to pay the difference.
Lease Line
Suited for:
Having an ongoing resource that can be used over and over again
This pre-approved lease line of credit features:
- Approvals valid for up to 12 months
- No payments due until you fund the lease—and then pay only on the amount of equipment funded, which is fixed for the term of the lease
- Flexible payment options—monthly or quarterly
- You can use different lease structures for each lease schedule
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Choose your state of legal residence. We can then give you information about the products and services available in your area.
Note: Bank of the West has branches only in the states listed in the drop-down. At this time, we only open accounts for individuals and businesses in these states.