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Commercial Leasing
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Leasing

Over the past decade, leasing has become one of the most popular methods of equipment acquisition. We are pleased to make this type of financing alternative available. At CVNB we offer capital or finance leases. Let us help you find the best for your business.

Why businesses lease equipment

  • Conserves Cash
  • Improves Cash Flow
  • Accelerated Asset Write-Off (true Lease)
  • Off-Balance Sheet Financing
  • Flexible Payments
  • 100% Financing
  • Simplifies Accounting
  • Eliminates Capital Expenditure (Process) 

    Call us today to discuss the leasing options available.


    The creative leasing advantage

    • Community Bank Partnership
    • Endorsed by the Kentucky Bankers Association
    •  Local Representation and Service
    • Over Twenty-Five years of Leading Experience
    •  Innovative Leasing Products:
    • Seasonal & Step-Up Payment Plans

    • Fixed & Floating Rates
    • Tax Preferred Vehicle Leases
    • Operating & Capital Leases

    Ask about our tax preferred vehicle lease for companies!

    After Tax Cost Comparison

    Lease vs. Loan

    Assumptions
    Equipment Cost $         100,000.00
    Term48 months
    Monthly Payments
    Loan $             2,465.00
    Lease $             2,418.00
    Tax Benefit40%
    After Tax Loan Cost
    Loan Total Costs
    2,465 x 48 Months = $         118,320.00
    Tax Deduction
    Depreciation $ 68,760.00
    Interest on Loan $ 18,320.00
    Total $ 87,080.00
    Tax Benefit At 40% Rate $         (34,832.00)
    After Tax Cost of Loan $           83,488.00
    After Tax Lease Cost
    Lease Total Costs
    2,418 x 48 Months = $         116,064.00
    Purchase Option $           10,000.00
    Total Tax Deductions $         126,064.00
    Tax Benefit @ 40% Rate $         (50,426.00)
    After Tax Cost of Lease $           75,638.00
    Lease Savings  $             7,850.00

    For a comparison based upon your circumstances, please contact one of CVNB Commercial Loan Officers.

 
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