A TRAC lease combines the financial benefits of a lease with the option to purchase the asset at the end of the term. The TRAC lease creates cash-flow flexibility and tax incentives for your company.
A TRAC (Terminal Rental Adjustment Clause) lease is a type of vehicle lease often used for commercial fleets.
It allows the lessee to adjust the lease payments based on the vehicle's residual value at the end of the lease term.
The lease typically includes terms that protect both the lessee and lessor from significant value fluctuations.
At the end of the TRAC lease, you have the option to buy the vehicle outright at a predetermined residual price or trade it in for another vehicle - any make or model, new or used.
Our TRAC Lease is the financial instrument of choice for many businesses when adding new or late model pre-owned vehicles to their company's fleet.
A TRAC lease combines the financial benefits of a lease with the option to purchase the asset at the end of the term. The TRAC lease creates cash-flow flexibility and tax incentives for your company.
At the end of the TRAC lease you have the option to buy the vehicle outright at a predetermined residual price or trade it in for another vehicle - any make or model, new or used.
We offer no mileage restrictions on our TRAC leases. We understand that your vehicle helps your business make money when it is on the road.
As an operating lease, the payment is fully deductible from gross income as well as any expenses associated with the vehicle.
Select a longer term with a higher residual to yield a lower monthly payment.
Typically there is no down payment on our TRAC leases. For most of our customers the only out of pocket expense is your first month's payment.
The vehicle is vested in the company name and reports to business credit bureaus, helping grow company credit.
You are able to choose a payment schedule with the option of spreading out your payments over 24, 36, 48, 60, or 72 months.
A TRAC (Terminal Rental Adjustment Clause) lease is a type of vehicle lease often used for commercial fleets.
It allows the lessee to adjust the lease payments based on the vehicle's residual value at the end of the lease term.
The lease typically includes terms that protect both the lessee and lessor from significant value fluctuations.
At the end of the TRAC lease, you have the option to buy the vehicle outright at a predetermined residual price or trade it in for another vehicle - any make or model, new or used.
Our TRAC Lease is the financial instrument of choice for many businesses when adding new or late model pre-owned vehicles to their company's fleet.
A TRAC lease combines the financial benefits of a lease with the option to purchase the asset at the end of the term. The TRAC lease creates cash-flow flexibility and tax incentives for your company.
At the end of the TRAC lease, you have the option to buy the vehicle outright at a predetermined residual price or trade it in for another vehicle - any make or model, new or used.
We offer no mileage restrictions on our TRAC leases. We understand that your vehicle helps your business make money, when it is on the road.
As an operating lease the payment is fully deductible from gross income as well as any expenses associated with the vehicle.
Select a longer term with a higher residual to yield a lower monthly payment.
Typically there is no down payment on our TRAC leases. For most of our customers the only out of pocket expense is your first month's payment.
The vehicle is vested in the company name and reports to business credit bureaus, helping grow company credit.
You are able to choose a payment schedule with the option of spreading out your payments over 24, 36, 48, 60, or 72 months.
