Truck Leasing Program

Qualified farmers and ranchers may be able to reduce the acquisition cost of a new pickup by using the fleet purchasing benefits of Western AgCredit's Truck Leasing Program.

How can Western AgCredit save me money on a new pickup? Western AgCredit has established a lease program for farmers and ranchers designed to provide a practical way to acquire a new truck at a lower cost.

This is accomplished by:

• Passing on to the customer a fleet discount for the initial cost of the truck.
• Charging a lower lease yield rate (cost of money or interest rate).
• Utilizing low residual values. (This differs from conventional vehicle leasing which typically includes higher initial pricing (MSRP vs. fleet pricing), higher yield rates, severe penalties for high mileage, and higher residual values.

Can I get lower monthly payments from a dealer?

The Western AgCredit leasing program is designed to reduce your overall costs to acquire a new vehicle. Although the monthly payments may be higher than the lease offered by the dealer, the program can reduce your total costs and allow you more flexibility.

Western AgCredit leases have many of the characteristics of a CAPITAL LEASE OR OPERATING LEASE.

Here is a side-by-side comparison of the two programs:

The following is a sample of your total costs of acquiring a new truck under both programs. The example is based on a new truck with an MSRP, or sticker price of $27,500 that is acquired by Western AgCredit at a fleet price of $25,000 and leased for 48 months with a 10% residual. It assumes that the same truck is sold by the dealer at $26,000 and leased under their program for 48 months. (All figures below are net of State sales tax.)

Your Western AgCredit loan officer can give you details on the Truck Leasing Program and other leasing options available. Western AgCredit also has traditional loan programs for financing vehicle purchases if leasing is not right for your operation.