Commercial Equipment Leasing

Central Pacific Bank provides lease financing for various types of equipment

Leasing Programs Transportation – Trucks, automobiles, tractors, trailers Construction equipment Manufacturing & distribution equipment Medical & dental equipment Furniture & fixtures for offices, hotels, warehouses, factories, retail Computers Telephone systems Solar, air conditioning, heat pumps, other energy related equipment Not listed above, ask us.

True Lease (tax oriented lease) features:

• Lower lease rates and monthly payments (when CPB claims the tax benefits of ownership).
• Payments are a tax deductible expense (subject to qualifications. Consult your tax advisor for applicability).
• Convenient end of lease options.
  • Purchase the equipment at its fair market value.
  • Return the equipment to CPB.
  • Extend the lease for an additional term.

TRAC Lease (tax oriented lease) features:

• Applicable for commercially licensed vehicles, used 50% or more for trade or business.
• Lower lease rates and monthly payments (when CPB claims the tax benefits of ownership).
• Payments are a tax deductible expense (subject to qualifications. Consult your tax advisor for applicability).
• No mileage limits or excess mileage charges.
• Guaranteed purchase option set at the beginning of the lease.  At maturity of the lease, you can purchase the vehicle at the option amount.  If the vehicle is returned to CPB and sold to a third party, you receive any proceeds in excess of the option amount or you pay CPB for any shortfall in proceeds below the option amount.

Finance Lease (non-tax oriented lease) features:

• Fixed monthly payments and lease rate.
• You claim the tax benefits of ownership.
• Bargain end of lease option is typically $1.00 or up to 10% of the amount financed.

Why lease from Central Pacific Bank?

• We tailor the lease structure and payments to meet your objectives and cash flow.
• We offer pre-approved lease lines of credit, which provides speed in funding your equipment orders.
• Application only credit approvals (up to $100,000 subject to credit qualification).
• Our sale and leaseback program can provide you with working capital or reimburse your cash reserves for a recent equipment purchase.
• Our leases finance 100% of the equipment cost.  Also, soft costs such as shipping, software, training and installation can be included in your lease.
• No loan fees or documentation fees charged.
• For AOAO (Association of Apartment Owners) special lease terms are offered.
• Your one stop leasing solution with local service and contact officers.

For more information contact one of our leasing officers: