Bus Leasing Solutions in Colorado – Part 2

Bus Financing

While owning buses offers some advantages, leasing buses can provide cash flow benefits, reduce administrative difficulties, and make available a diversity of fleet management tools.

Benefit of Bus Leasing

There are five primary reasons to consider leasing over owning:

1. Pay only for the usage of the vehicle.
2. Avoid diverting capital away from business objectives.
3. Possible off-balance sheet reporting.
4. Predictable budget. One lower monthly payment.
5. Tax benefits.

Bus Leasing Alternatives

In a previous post, we talked about three lease purchase options. Let’s take a look at more leasing alternatives for your bus fleet in Colorado.

Lease Purchase: All-Inclusive

• Covers all preventive maintenance items
• Can be personalized to fit different terms per custom
• No unexpected vehicle maintenance or repair costs
• Can be added to any lease option previously mentioned
• Pay one payment a month for all your service and vehicle needs
• Based on payment amount, can cover tires, brakes, and other large bus parts

Lease Purchase: TRAC (Terminal Rental Adjustment Cause)

• Sales tax is billed monthly
• Tax benefits (ask own accountant)
• Pre-determined yearly mileage amount
• Lower finance rates available due to remaining amount
• Lower payments available due to remaining amount at the end of lease
• Based on credit and monthly payment desired, zero down payment option
• Option to purchase at the end of the lease for depreciation amount or ”walk away.”

Now that you know all of your options, contact Colorado West Equipment. We can help you choose the leasing option that best accommodates your needs. We can also finance many extra add-ons to any of the financing options. For example, limo additions, ADA compliances, alternative fuel conversions, and a wrap for company marketing (not painted), among others.

Please inquire here to see if you qualify for any one of our bus financing alternatives. Multi-vehicle discounts may be available. For municipalities, there may be special rates and options based on tax exemption.