Equipment Leasing and Financing
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.
Purchase OptionsThis 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.
Types of Equipment
We finance all types of equipment, including: Production machinery; warehousing equipment; medical/dental equipment; general office equipment; Computers and networking equipment; wine and agricultural equipment; construction; and automotive repair equipment (including commercial vehicles); and much more!
How Easy is the Process?
Type of Programs