Improve your monthly cash flow — with our PRO Lease.
If you want to keep equipment financing costs as low as possible, a PRO Lease can help you do it. This fixed-rate, fixed-term lease typically provides:
- 100% financing, often including sales tax, shipping, and installation
- A fixed interest rate and monthly payment
- Flexible payment options — monthly or quarterly
- A stated residual value is agreed upon 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 equipment
- 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 you elect not to purchase the equipment, your lease will extend for an additional year, typically with a reduced monthly payment.
- Since the bank is the owner of the equipment and entitled to a depreciation deduction for the equipment, you get a lower payment and interest rate as a result of the transfer of tax benefits.*
Make everyday spending more rewarding with
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Sales tax, fees, conditions and restrictions may apply. Leases subject to credit approval.
*Consult your tax advisor for information on possible tax consequences or benefits.