Financing Products
BMO Transportation Finance provides customized leases and secured loans for heavy and medium duty trucks and trailers
FMV LEASE
We understand the environment you’re competing in and the power that upgrading to new equipment can play in increasing your productivity and competitiveness. A FMV lease provides you with lower monthly payments than a loan, end of term options (see below) and none of the asset disposition concerns of ownership.
Reasons to Consider Leasing
Cash Management
- Predictable, affordable payments
- Preserve cash and credit lines for other uses
Flexibility and Convenience
- Customized structures
- Rentals, tax, title and registration fees simplified into one easy payment
- None of the asset disposition concerns of ownership
End of term options *
- Purchase the vehicle at the present Fair Market Value
- Renew the contract at the present Fair Rental Value for mutually agreeable term
- Return the vehicle within stated terms and conditions
* Full terms and conditions of FMV lease product, including terms and conditions regarding end of term options, to be contained in definitive documentation for such product.
LOANS
If you are interested in equipment ownership and building equity, then consider a loan. A loan allows you to consolidate the cost associated with putting your truck in service including tax, title and registration fees.
BMO Transportation Finance has a number of structuring options that may be available:
Cash Management
- Full payout loans
- Level monthly payments with precomputed interest *
- Level principal reduction payments, with interest payments on declining principal balance *
- Skip payments to meet changing cash flow needs with seasonal business
- Balloon financing alternatives to preserve monthly cash flow
* Final payment to include remaining unpaid principal balance (including any applicable balloon payment) and any other unpaid amounts
Looking for Financing?
Download The BMO Credit Application
BMO Credit Application (PDF)
