Since 1958, Eastern Auto Leasing has been a trusted partner for businesses seeking flexible and cost-effective solutions for their commercial vehicle and equipment needs.
Benefits of working with
Eastern Auto Leasing
New and Used Vehicles and Equipment
Whether you’re looking for a new or used vehicle or piece of equipment, we have leasing and financing solutions to suit your needs. Our extensive network for sourcing new and used vehicles and equipment can save you thousands on the purchase price alone.
Industry Expertise & Customized Solutions
Unlike typical banks, which lack specialized knowledge, we possess extensive experience in the commercial vehicle and equipment market, leveraging our deep industry knowledge to help you choose the right vehicle or equipment for your business, at optimal pricing, and with custom payment plans specifically designed to support your long-term budget and business goals.
Complete Paperwork Service
We handle all the paperwork and motor vehicle work, including your license plates and registration.
Individualized Attention
You will always be able to speak to us, not a machine. Our business is built on long-term relationships, ensuring you consistently deal with a known and trusted representative.
Easy Application & Approval Process
Apply online in minutes and get a quick decision—much easier and faster than traditional bank financing, which often involves lenders who don’t fully understand the collateral they’re lending against.
Our leasing and financing programs are tailored to fit the unique circumstances of each client, whether you’re expanding your fleet or securing your first vehicle or piece of equipment.
You can (1) utilize our financing options to purchase the vehicle or equipment, (2) opt for a customized equity lease that lets you purchase the vehicle or equipment for a nominal amount at the end of the lease term, or (3) choose an open-end (TRAC) lease for the vehicle or equipment.
Advantages of our finance program
- Full Ownership & Asset Equity: Once the loan is paid off, you own the vehicle or equipment outright, allowing you to build equity and add a long-term asset to your balance sheet.
- Competitive Rates: We offer some of the most competitive interest rates in the market, helping you save money on your loan.
- Flexible Terms: Choose from a variety of loan terms to find a payment plan that’s right for you.
Advantages of our equity lease program
- Building Equity: With an equity lease, you own the vehicle or equipment at the end, meaning you’re essentially building equity over the lease term.
- Off-Balance Sheet Financing: Unlike conventional financing, an equity lease does not appear as debt on your company’s balance sheet.
- Credit Preservation: Unlike conventional financing, an equity lease will not tie up your personal or corporate lines of credit, and it does not get reported to credit bureaus.
- No Prepayment Fee: Enjoy the flexibility to pay off your lease early and save money – there’s no prepayment penalty.
Advantages of our open-end (TRAC) lease program
- Lower Monthly Payments & Improved Cash Flow: An open-end lease has lower monthly payments than a conventional financing or an equity lease, allowing your business to allocate funds to other operational needs and maintain better cash flow.
- End-of-Lease Flexibility: At the end of an open-end lease, you have the option to either return or purchase the leased vehicle or equipment, giving your business greater flexibility based on your needs at that time.
- No Prepayment Fee: Enjoy the flexibility to pay off your lease early and save money – there’s no prepayment penalty.