Heavy equipment is built to last and for that reason we offer financing terms for up to 72 months. Our terms are flexible; just let us know what your goals are and we will work to accomplish them! Learn more.
Are you looking to expand your fleet? Or are you just ready to start driving for yourself? We can customize a leasing or financing plan to fit your needs. Learn more.
t Wyatt Leasing, we specialize in commercial equipment leasing for businesses of all sizes. We’ve helped countless farmers, construction contractors, trucking companies, and manufacturers lease equipment and vehicles vital to keeping their businesses moving.
We do not charge application fees, and because we offer highly competitive, flexible terms, same-day approvals and unmatched customer service and support, we are considered one of the top equipment leasing companies in the US.
How it Works
You decide on the new or used vehicle or piece of equipment you need for your business, and decide where you want to buy it from. Then, you simply call our office or send us an application. We do the rest. We’ll design a lease program and get you your equipment fast!
What is a Commercial Lease?
Businesses often use leases and loans as financing options. However, the two products differ in several important respects.
A commercial equipment lease is an agreement allowing a lessee to utilize equipment in exchange for making payments.
A finance agreement allows a borrower to pay back a set amount plus interest in exchange for ownership of equipment.
Often, lease agreements include a ‘residual’ offer that allows the lessee to purchase the equipment at the conclusion of the agreement for a small fraction of its original price.
Wyatt Leasing provides numerous leasing options to fit your needs. Here are a few:
10% Purchase Option: For those who like the flexibility and option to return the equipment or purchase it at the end of lease, but want to fix their equipment buyout at a certain percent of the equipment cost, this is the option for you.
Terminal Rental Adjustment Clause (TRAC): A TRAC lease is specifically designed for over-the-road vehicles and trailers. This lease contains a Terminal Rental Adjustment Clause (TRAC) that guarantees you a certain purchase optionn for the vehicle when the lease expires.
$1 Buyout: This option is for those who are fairly certain that their equipment will retain its value. Therefore, they plan to purchase the equipment at the end of the lease. When the lease term expires, you can simply purchase the equipment for a $1.
Did you know?
In many cases leases only require 1 payment down and you can be approved for up to $250,000 with only a one page application?