Buy or Lease

Buy or Lease

HERE FOR YOU. EVERY DAY.

HERE FOR YOU. EVERY DAY.

Buy or Lease?

Are you having trouble deciding whether to lease or buy? Don’t worry.
We have answered some common leasing-versus-buying questions to
help you decide which may work better for your situation.

Are you having trouble deciding
whether to lease or buy? Don’t
worry. We have answered some
common leasing-versus-buying
questions to help you decide
which may work better for
your situation.

WHAT ARE BUYING BENEFITS?
  • Ownership after loan is paid off
  • Put wear and tear without financial penalty
  • No monthly payments after loan is paid off
  • Ability to sell or trade in car whenever you want
WHAT ARE RISKS OF BUYING?
  • Typically a higher monthly payment
  • Possibility of needing a down payment
  • Loss of value over time
  • Reduced liquidity and cash flow in some situations
WHAT ARE LEASING BENEFITS?
  • No down payment required
  • Typically a lower monthly payment
  • Full warranty coverage during most leasing periods
  • Tax advantages for certain situations
WHAT ARE RISKS OF LEASING?
  • No ownership of car after lease ends
  • Financial penalties for going over mileage limit
  • Little flexibility in trading in or turning in car
    before lease ends

Our leasing
requirements

Our leasing
requirements

We make the leasing process easy.
Follow this checklist to lease a new
vehicle, equipment or tool.

We make the leasing process
easy. Follow this checklist to
lease a new vehicle,
equipment or tool.

CheckmarkSelect the vehicle or equipment you need from the vendor of your choice.

Checkmark

Select the vehicle or equipment you need from the vendor of your choice.

CheckmarkPrint, complete and mail or email our application to your personal banker.

Checkmark

Print, complete and mail or email our application to
your personal banker.

CheckmarkFax or e-mail your vendor’s invoice to your personal banker.

Checkmark

Fax or e-mail your vendor’s invoice to your personal banker.

CheckmarkWe’ll send you our agreement. Review, sign and return.

Checkmark

We’ll send you our agreement. Review,
sign and return.

CheckmarkOnce we receive your signed agreement, we’ll pay the vendor.

Checkmark

Once we receive your signed agreement, we’ll pay the vendor.

CheckmarkEnjoy your new vehicle, equipment or tool!

Checkmark

Enjoy your new vehicle, equipment or tool!

Leasing - Buy or Lease - Find Your Banker

Have any more questions?

Our experienced leasing executives will help answer any question you may have.

Have any more questions?

Our experienced leasing
executives will help answer
any question you
may have.

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