American National Leasing Company offers automobile and equipment lease financing products that are all designed with one thing in mind, and that one thing is You. Our goal is to provide you with service that exceeds all other standards. Quite simply, we want to be your vehicle and equipment agent for life.

We lease all makes and all models of Cars, Trucks, Vans and Sport Utility Vehicles, both foreign and domestic.

American National Leasing Company also provides lease financing to meet your equipment needs. Even if your requirement is for a very specialized piece of machinery or tool, we can develop a Lease product that can also meet your needs.

The "AmeriLease"

The AmeriLease is American National Leasing Company's personal approach to providing a Lease that is custom designed to meet your every need. It is also knowing that the person whom you just shook hands with is the one that considered your prerequisites and used that information to design your AmeriLease.

It's not just a couple of pieces of paper that we both sign. It is our reputation and our commitment.

Common Leasing Terms and Definitions:

Below is a listing of common terms used in leasing that can be somewhat unique to the industry. Following each word is a "working" definition for how that term applies to automobile and equipment leasing.

Capitalized Cost. This is the cost of the vehicle or equipment written into the lease, including title and registration fees and other costs included in the lease contract.

Depreciated Value. This is the estimated value of the asset at the end of the lease. Depreciation. This represents the vehicle or equipment's decline in value over time. (Mathematically speaking: Capitalized Cost - Residual Value = Depreciation)

Disposal. Is the process of selling the vehicle when it is returned.

Early Termination. This is when a lease is ended before the lease-end date or maturity. This is also called Premature Termination or "Pre-term".

Equity. Represents owing less money on an asset than the determined value of that asset.

Lessee. This is you. The person or entity with the legal authority or right to use the leased asset.

Money Factor. This represents the cost of financing the car and usually means the interest rate charged divided by the number of months in the lease term. So, a money factor of 0.003958 in a 24-month lease is the equivalent of a 9.5% rate on an auto loan.

Lessor. This is the leasing company. Represents the entity which has right of ownership to the leased asset.

Premature Termination. See Early Termination above.

Premature Termination Factor. This is the dollar amount (specified in the lease) to be multiplied by the number of months remaining in the lease to help determine the Early or Pre-term Payoff of the lease.

Rent Charge. This represents the cost of financing the lese asset. The Rent Charge is usually expressed as the gross amount of finance charges paid over the life of the lease.

Residual Value. See Depreciated Value above.

Closed-End Leases. In a Closed-end Lease you make a predetermined number of lease payments for a specified period of time and return the vehicle at the end of the term. As long as there is no physical damage to the vehicle, excess wear and tear, or additional mileage beyond the mileage allowance in the lease, you have no responsibility for the vehicle's unforeseen value at the close of the lease. Any loss incurred as a result of the vehicles depreciated (residual) value exceeding the disposal proceeds of that vehicle is the risk and responsibility of the leasing company.

Open-End Leases. In this type of lease, you share in the "risk" that, at the end of the lease term, the vehicle will have a market value comparable to the amount specified in the lease contract, sometimes called an "estimated residual value". If the amount the car is resold for is equal to the estimated residual value, you owe nothing. If it isn't, you may owe all or a portion of the difference, often called an "end-of-lease payment". The Federal Consumer Leasing Act provides a measure of protection for lessees in open-end leases by limiting the end-of-term liability to no more than the total of three monthly payments. If the vehicle is worth more than the estimated residual value, you may be entitled to those proceeds when the vehicle is sold.

Open-End Lease/Purchase. An Open-end Lease/Purchase is very similar to an Open-end Lease with one distinction. That one distinction is, just as the name implies, you do intend to purchase the vehicle (or equipment) for the predetermined estimated residual value at the end of the lease term. We may also be able to extend the original lease term as well.

Capital Lease. If you already own equipment or a vehicle and it is either paid off or you owe less than it is worth, a capital lease could be worth looking in to. This product allows you to recapture that "equity" you have in an owned asset, and put those dollars to work for you. Whether for working capital for your business, to invest in the stock market, or to establish an emergency cash reserve, a capital lease could be the product that enables you to reestablish capital that is liquid and is immediately accessible.

Equipment Leasing. Equipment leasing can provide more challenges and considerations than the leasing of automobiles. Equipment, to you and us, can mean anything from a Canon GP200S Copier to a Mayco C30HD Concrete Pump. The variables of disposal, economic life, and product uniqueness aid in determining an appropriate AmeriLease to meet your needs.