TRAC Lease

Keep your business rolling. Talk to a banker about our 20% residual balance TRAC Lease*.

Put yourself in the driver's seat of any vehicle your business needs — with our TRAC Lease products.

Whether you need a truck, trailer, bus, forklift, or loader, we can help you finance it with our TRAC Lease. This fixed-rate, fixed-term lease typically gives you:

  • 100% financing, often including sales tax and delivery charges for new and some used equipment
  • A fixed interest rate and monthly 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 equipment
  • Ownership of the equipment at the end of the lease for a fixed price agreed upon at lease inception

Advantages

  • Since the bank is the owner of the equipment and entitled to a depreciation deduction for the equipment, you may get a lower payment and interest rate as a result of the transfer of tax benefits.*
  • There's no uncertainly of what the purchase price for the equipment will be at the end of the lease.
  • If you don't want to purchase the equipment at the end of the lease for the predetermined price, you can return it and the bank will sell it. Any sale proceeds in excess of the agreed upon purchase price, minus the bank's selling costs, are returned to you. If sales proceeds minus the bank's selling cost are less than the agreed upon purchase price, , you reimburse the bank for the difference.
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.

Compare equipment leases.  


Talk to a Business Banker

Find out which equipment lease is right for your business.

Find a branch:


 1-800-488-2265


Talk to a Business Banker

  • 1-800-488-2265
  • Find a branch
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