The California Air Resources Board is now offering a lease-to-own financing opportunity to encourage early compliance with CARB's on-road diesel vehicle and tractor-trailer greenhouse gas regulations.
"This is a program that benefits small fleets and owner-operators," says CARB Chairman Mary D. Nichols. "It provides them with an additional way to pay for a cleaner truck, even if their credit isn't stellar."
Leases combine the tax advantages of leasing while giving fleets the option to buy the leased equipment in the future.
Prior to adding this option, there have already been 1,079 loans issued to purchase diesel equipment for a total of $66.3 million in financing by participating lenders to get cleaner trucks on the road.
For additional information go to treasurer.ca.gov/cpcfa/calcap.asp.
"This is a program that benefits small fleets and owner-operators," says CARB Chairman Mary D. Nichols. "It provides them with an additional way to pay for a cleaner truck, even if their credit isn't stellar."
Leases combine the tax advantages of leasing while giving fleets the option to buy the leased equipment in the future.
Prior to adding this option, there have already been 1,079 loans issued to purchase diesel equipment for a total of $66.3 million in financing by participating lenders to get cleaner trucks on the road.
For additional information go to treasurer.ca.gov/cpcfa/calcap.asp.
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