Equipment Leasing

Over 80% of Fortune 500 companies lease equipment despite their strong cash positions. Why? Because, on average, a company earns about 15% on every dollar of working capital retained in the business – so, while cash should be used to increase sales, equipment is best acquired through leasing. A lease enables you to pay for equipment with the profits or savings that it generates. Remember, it’s the use of the equipment – not the ownership – that generates profits!

At Mechanics Bank, we believe that leasing is an important business strategy for any size company. We specialize in helping you to afford the latest in equipment by providing flexible terms to help accommodate any budget. We also believe that the relationship doesn’t stop with the funding of the lease. Our helpful and friendly leasing representatives are here to answer any questions that you may have and walk you through the solution, every step of the way. Get started by calling (510) 741-3550.

Benefits

100% financing, including delivery and installation charges available to qualified customers
Flexible Terms: $1 or 10% purchase amount at termination
No financials required up to $100,000
Many types of equipment both new & used
Preserve Bank lines of credit
Fast approval process
Possible tax benefits available (consult your tax advisor)
Competitive rates

Purchase Options

This is a finance lease. The lessee must purchase the equipment for either $1 or 10% of the cost of the equipment. The 10% option offers the flexibility of lower monthly payments.

Terms

Length: 24 to 72 months ($100K+ for 72 months)
Rate: Fixed, & varies depending on the program and size of the transaction (call for current rates and payment factors.)

Types of Equipment

Some Examples: Dry Cleaning, Medical, Dental, Legal, Wine Making, Office Essentials, Ophthalmology, Auto Body Shop & Repair, Software, Construction, and much more!

How Easy is the Process?

Complete the application (by fax or email)
Select the equipment
Sign the lease documents
Take delivery
Vendor is paid

Type of Programs

Application Only: $10K – $100K. One page application. No financials, no business plan. Pre-approvals in 1 hour!
Full application: $10K - $500K. Financial data required. Our most aggressive rates.

Get Started Today

Fill Out An Application
Call: (510) 741-3550
Fax: (510) 741-7531

Equipment Leasing

Talk to a Leasing Specialist

510 741 3550

Hours: Monday - Friday, 9 AM - 5 PM

Apply Today

Fill Out An Application