Types of Leases

Whether your business is medical, municipal, or manufacturing1st Source can provide you with a lease customized to fit your needs.

Because each business has different leasing needs, 1st Source has developed a variety of lease options to choose from:

Capital Lease ($1 Purchase Option)/Non Tax

• own the equipment at the end of the lease term
  
• retain the depreciation and tax benefits
  
• purchase equipment with tomorrow’s dollars while realizing immediate tax benefits
  
• no down payment
  
• 100% financing
  

Fixed Purchase Option (10% Purchase Option)/Non-Tax

• option of owning the equipment at the end of the lease term
  
• option to renew the lease or purchase the equipment at the end of the term
  
• eliminates an uncertain buyout price at the end of the lease term
  
• reduces your monthly payment to enhance cash flow

Operating Lease/Tax Lease

• qualifies for off-balance-sheet treatment
  
• entire payment can be expensed
  
• pay only for the use of the equipment with flexible end of lease options
  
• lowest possible monthly payment to maximize cashflow
  
• asset does not need to be capitalized

Vehicle and Fleet Leasing

• single company vehicle or entire fleet
  
• receive the best current pricing in the market
  
• save valuable time and money
  
• 1st Source handles purchase price negotiations with area's most reputable dealers
  
• choice deals on vehicles you're looking for
  
• pay no money down
  
• enjoy the benefit of a package tailored to your specific business needs

Off Balance Sheet Leasing

• manufacturing equipment
  
• vehicles
  
• material handling

Municipal Leasing

• police vehicles
  
• fire trucks
  
• maintenance vehicles
  
• office equipment

Agricultural Equipment Leasing

• 100% financing available
• section 179
• fixed and seasonal payments available
• off balance sheet financing
• tax benefits

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