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We provide lease financing on most types of commercial vehicles and capital equipment. Some of the qualifying vehicles and equipment include:
- Computers
- Graphic Arts/Printing
- Telecommunication
- Manufacturing
- Production equipment
- Delivery trucks
- Tow trucks
Benefits of Leasing
We offer a wide variety of lease financing programs*. By utilizing a lease financing option, you will experience the following benefits:
- No down payments
- 100% financing of all costs, including taxes, freight, installation, software, warranties, and training
- Low, fixed monthly payments
- Limited financial disclosure
- Budget stability - low payment, short terms
- Potential tax advantages—in most instances, leasing provides many tax advantages. (Check with your accountant about these benefits.)
$1.00 Purchase Option
This option allows you to obtain ownership of the vehicle or equipment for a final payment of $1.00.
10% Purchase (PUT) Option
Ownership is obtained by making a final payment that is equal to a predetermined amount of 10% of the original purchase price of the commercial vehicle or capital equipment.
Apply Today
Finance your next commercial vehicle or capital equipment purchase by contacting us. We'll provide:
- Simple, one-page credit application
- Financing terms (from 24-60 months)
- Quick credit decisions
- Competitive rates
- Experienced personnel who know your business
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A signed and completed application must be received by Sovereign Bank, N.A. ("Sovereign Bank") before a credit decision can be rendered. Additional information may be requested. Financing available to qualified applicants only. All terms, offers, rates, and payment plans are subject to the underwriting and credit rules, policies, guidelines and criteria of Sovereign Bank, which are determined by Sovereign Bank in its sole discretion and are subject to change without notice. |
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Sovereign Business Leasing is a service mark of Sovereign Bank, N.A. |
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