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Financing

Bus and Van Leasing.

TESCO offers a variety of financing and leasing options to best serve the individual needs of our customers. Lease through TESCO Transportation LLC or one of our partners and get a smooth transaction during purchase and through the entire term.

Our leasing company features

  • Vast experience in bus leasing & financing
  • Streamlined process with minimal paperwork
  • Flexible terms
  • Low initial investment
  • Fast turnaround

Depending on your circumstances (location, type of vehicle you wish to purchase, etc.), you may be eligible to lease your vehicle through either TESCO Transportation LLC or one of several TESCO financing/leasing partners.

Advantages of Bus Leasing

Why a lease often makes more sense than a purchase loan.

Lower Monthly Payments
Because you only pay for the portion of the bus that you actually use, your monthly payments are considerably lower than they would be for a purchase loan.
100% Financing
Most leases simply require first and last month's payment in advance plus a small documentation fee.
Preserves Credit Lines
Credit lines with banks and other depository institutions are precious and difficult to establish, so preserve them for working capital.
Increased Purchasing Power
Your needs may require the capabilities of a $120,000 bus but your available cash/credit only allows for a $60,000 bus. Leasing closes that gap.
Convenient
All that is required to start is a one-page application.
Hedge Against Inflation
You do not pay for ownership on a vehicle that consistently depreciates.
Fewer Maintenance Headaches
Your vehicle always has Powertrain coverage, and you don't have to worry.
Tax Advantages
Your business is only taxed on the portion of the value that you use during your lease.
Keep Your Fleet Up To Date
Leasing vehicles for five years or less keeps them looking great for your riders with lower maintenance costs.

Advantages of Leasing with TESCO

One contact, one source, from purchase through the end of your lease term.

  • We have money to lend

    Let TESCO finance your next bus purchase, allowing you to retain your existing credit lines.

  • One Contact, One Source

    Your bus can be purchased, financed, and serviced by TESCO with one seamless transaction.

  • Extended Warranty

    For most new vehicle leases, TESCO offers an extended chassis warranty at no additional charge.

  • Flexibility

    TESCO is dedicated to structuring any package to meet your needs.

  • Fast Credit Approval

    Your credit can be approved on the same business day.

  • Higher Residuals

    TESCO can offer higher residuals on your bus.

  • Walk Away Lease

    You are able to return the equipment and walk away with no obligation.

  • Lease to Own

    You can expense your payments as a lease and still take ownership at the end of the term.

  • Short-Term Leases

    TESCO can supply you with a short-term lease vehicle until your customized vehicle is ready.

  • 100% Financing Available

    TESCO can structure financing packages with zero money down.

Lease Terminology

Three structures cover almost every TESCO lease.

TRAC Lease

An open-end lease built around a Terminal Rental Adjustment Clause (TRAC).

  • Keeps the vehicle off your balance sheet.
  • Lower rates, since the depreciation is retained by the lessor.
  • Zero-down options available, depending on credit and payment.
  • At lease-end, buy the vehicle at an agreed-upon residual, or walk away.
  • Sales tax is billed monthly.
Short-Term Lease

A ready-to-run vehicle when you need one right away.

  • Arrives licensed and DOT-stickered, ready to operate.
  • Delivery available.
  • Flexible weekly and/or monthly terms.
  • Ideal while your customized vehicle is being built.
Operational Lease

A true operating lease that keeps your options open at term-end.

  • Keeps the vehicle off your balance sheet.
  • Licensing options available.
  • Vehicles can be wrapped (but not painted).
  • Walk away with no obligation, or purchase the vehicle instead.

Forms

Ask your TESCO sales representative today about leasing/financing options at 800.227.3572.

Lease Application (PDF) Insurance Requirements (PDF)