Progress Rail is the largest, full-service lessor of Maintenance-of-Way (MOW) equipment in North America. We offer a host of programs and options specifically tailored to meet your financial needs.
With more than 50 years of specialized experience in the railroad industry and more than $150 million in equipment leases, our leasing professionals will develop customized, knowledge-based solutions to fit your current and future needs. No off-the-shelf solutions, no standardized approaches – tell us the equipment you want, and let us do the rest. Our experts evaluate your requirements and deliver a program that works for you.
In a dynamic business environment, leasing gives you more flexibility; it helps you keep up with equipment technological advancements, and may even offer significant tax advantages.
- 100 percent financing
- Lower payments than other types of financing
- Allows for more flexible cash budgeting
- Off-balance sheet financing conserves existing credit
- Monthly payments are fixed and thus protected from inflation
- Provides positive cash flow with sale/lease-back programs