Commercial Vehicle Leasing

Vehicle leasing is a smart decision. We lease any type of vehicle you need for your business. Whether you need one vehicle or an entire fleet FOCUS Bank is here to help.

It is a great time to lease, so you may want to consider the advantages of leasing your next vehicle.

  • Improve cash flow
  • Tax benefits
  • Advantageous pricing and payment structure
  • Vehicle leasing can take advantage of incentives and rebates
  • Reduced administrative time and costs
  • Consolidated billing
  • No down payment needed

Vehicle Lease Facts

  • Vehicle leasing compromises about 35% of the market for vehicles costing approximately $45,000 or less. And 60% of the market for vehicles costing in excess of $45,000.
  • Leasing as a form of financing for business vehicles have been growing over the last 5 years
  • Open-end leases enable the lessee to participate in the end of lease settlement. Sometimes the term TRAC lease is used, meaning the lease has a Terminal Rental Adjustment Clause.
  • With a closed-end lease, the lessee has no responsibility at lease end except for body damage, excess mileage or abusive wear and tear. This is also known as "walk away" lease.
  • Closed-end leases usually offer off balance sheet financing and deductibility of the payment.
  • For a vehicle loan to have the same payment as a lease, a large down payment would be required.