American National Leasing Company is the leader in government lease-purchase financing, consumer, and commercial leasing. Since 1998, we have proudly served the North Texas and Southern Oklahoma area.
We are a subsidiary of an independent, locally owned bank, which was chartered in 1976 – American National Bank & Trust. We have twelve branch locations serving the North Texas area, along with Denton, Dallas, Flower Mound and Fort Worth, Texas. The bank has over $840 million in assets; ranking as the largest independent financial institution in our area. We are pleased to offer a full array of banking services for your convenience.
Our mission is to provide custom government lease-finance options and work within your budget, so you can afford the items needed to run your governmental office. We have experience structuring a lease purchase option, providing competitive rates, flexible terms, and affordable payments.
We specialize in new or used heavy equipment, law enforcement vehicles, office equipment, or other particular needs.
BOND ELECTION NOT REQUIRED – A bond election is not required.
MINIMUM STATUTORY REQUIREMENTS – Texas has a user friendly statute to finance personal property including vehicles and equipment, Chapter 271 Subchapter A of the Texas Local Government Code. The only requirement is that the governing body approve the lease purchase agreement, and there is no notice in the paper requirement or requirement to submit the lease to the Attorney General of Texas for approval.
FLEXIBLE TERMS – Lease terms generally are matched to the useful life of the property financed. The flexibility of monthly,quarterly,semi-annual, or annual payments provides for easy budgeting. There is no prepayment penalty for early payoff.
BUILDS EQUITY – Unlike rentals, a lease-purchase program may permit the governmental entity to build equity with each payment. At the end of the lease term, the governmental entity owns the equipment upon remittance of $1.00.
AVOIDS INFLATION DELAY COSTS – A lease-purchase obligation permits acquisition of needed equipment today, before prices rise still further.
QUICK RESPONSE – Texas state law allows a governing body to use lease purchase financing without bidding the finance agreement . The vehicle or equipment purchase still has to bid in accordance with Texas law. A lease purchase program provides quick financing for funds to purchase vehicles or equipment.