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Vehicle Leasing For Business

To help your company be more competitive, choose leasing for your fleet vehicle needs. With our leasing and buying power, you receive lower prices from dealers than the average business can achieve alone. In addition, you can get fleet rebates from manufacturers.

We structure an efficient fleet vehicle lease program that will:

  • Free up your capital for its most profitable use.
  • Provide you the maximum tax benefit.
  • Lower your overall fleet operating costs.
  • Simplify record keeping for tax purposes, budgeting, and cost controls.
  • Eliminate the costs of acquiring and disposing of vehicles.
  • Result in sales tax savings.
  • Guarantee purchase options.
  • Enhance your company's image - key personnel are always driving newer vehicles.
  • We'll even deliver your car right to your door.


Why Lease?
1. It's convenient. You'll find there is less paperwork involved, less-stringent credit requirements, and more flexibility.

2. It's affordable. Lease payments tend to be lower than financing payments because you only have to pay for the time you actually use the vehicle. Normally, you can save 30-50%. Plus, you can lease up to 100% of the value of your vehicle, which is easier on your cash flow.

3. It may have tax benefits. You can deduct your lease payments in a tax lease for federal income tax purposes. With this deduction, you gain a clear tax benefit for your company, lowering overall income and tax payments. If your company were to purchase the vehicle with a loan, you would only be able to deduct depreciation expense and related interest expense - not the full value of the lease.

4. What are my options if I want to get out of my lease early?

1. Purchase the vehicle
2. Sell the vehicle
3. Trade the vehicle
4. Arrange for an assumption
All of these options are available to you by satisfying the payoff balance at that time.

5. What are my options when my lease matures?
1. Purchase the vehicle
2. Sell the vehicle
3. Trade the vehicle
4.Extend the lease
5. Turn your vehicle into us
Call us for complete details on these choices.

6. What are my responsibilities for vehicle maintenance?
You are responsible for all maintenance and you should follow the maintenance schedule as outlined by the manufacturer.

7. What are my responsibilities for vehicle insurance?
You are required to have insurance on your leased vehicle throughout the lease term.

8. Can I get out of my lease by making the balance of the payments and returning the vehicle to the bank prior to the maturity date?
Unless the entire payoff balance is remitted, you retain all rights and responsibilities of the lease contract until maturity.

9. What happens if I drive more miles than is stated in my Lease Agreement/
If you purchase, sell or trade your lease vehicle no mileage charge will be assessed. If you elect to return your vehicle at lease end , and you have exceeded the allowable mileage stated in your contract you will be charged the over mileage fee.

10. How do I get License plates?
When  you take delivery we will handle the necessary steps to provide you with your first years licence plates. At licence plate renewal time the Motor vehicle department will bill you directly for the renewal fee.

11.Can I let someone else lease my car?
The balance of your lease may be assumed by another individual if approved by us.

12. Who is responsible for parking/moving violations?
By law, you are responsible for all violations, and will be billed directly by the motor vehicle department.

13. What happens if I move out of state?
You should contact us at least 30 days prior to your move so we can take the necessary steps in assuring that your vehicle is registered properly. In addition some states require additional fees and taxes to be paid when registering in that state. These would be your responsibility.

14. What happens if my vehicle is wrecked but not declared a total loss?
You should contact your insurance company and NorthShoreBank Leasing immediately.

15. What happens if my vehicle is wrecked, or stolen  and declared a total loss?
You should contact NorthShoreBank Leasing immediatly so we can guide you through the steps to close out you account.
    

 

10923 W Mitchell St West Allis, WI 53214



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