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Commercial Vehicle
Work Trucks
TRAC Lease
Owner - Operator
 

TRAC LEASES
(Terminal Rental Adjustment Clause)

PAYMENTS ARE LOWER!

This TRAC lease program enables you to lease titled New & Used vehicles, which includes trucks, trailers, light trucks, vans, and limousines. The lender takes the depreciation and may pass on some of the benefit to the lessee in the form of a lower rate. (You expense each payment) This type of lease provides for longer terms and higher residuals.

PAYMENTS ARE LOWER!

Farm Tractors, Combines, Golf Carts, Backhoes, Forklifts, and Truck Bodies are also eligible.

TRAC Lease Programs Are Available
for the Following Credit Categories

Bank QualifiedStandard
A CreditsFinancial Disclosure

TRAC Residuals

Trucks & Trailers
Light Trucks,
Vans & Limos (new)
Light Trucks,
Vans & Limos (used)
  • NEW: Up to 30%

  • USED: Up to 20%

  • 36 mths up to 40%

  • 48 mths up to 35%

  • 60 mths up to 30%

  • 36 mths up to 30%

  • 48 mths up to 25%

  • 60 mths up to 20%

  • TRAC Lease Terms

    Trucks & Trailers Light Trucks, Vans & Limos
    NEW: Up to 72 months for models that are one year old or newer.
    USED: Not over 5 model years old. Term plus age of equipment may not exceed 8 years. Specialty vehicles over 8 years wll be considered on a case by case basis. There is a 60 month maximum term.
    NEW: 36-60 months
    USED: 60 months maximum term. Term plus age of vehicle may not exceed 8 years.

    TRAC Addendum Purchase Option:

    As an alternative to returning the equipment, the lessee may purchase the equipment at the end of the lease term for its then fair market value (FMV). The FMV is usually the amount agreed upon as the residual at the inception of the lease.

    Terminal Rental Adjustment at Scheduled Expiration:

    At the end of the lease term, the lessee may return the equipment to the lender who will sell the equipment through its standard wholesale procedures. If the equipment sale proceeds net of the lender's costs exceeds the Equipment's Stipulated Value (residual), the lessee will receive a refund of the difference. If the net sale proceeds are less than the stipulated value, the lessee shall pay the deficiency.

    Call, Fax or E-mail for a no obligation TRAC quote.

     

      If you would like a no obligation QUOTE,
    or additional information on our SBA Loan Program,
    or lease purchase financing programs,
    please call one of our professional account managers directly at
    800-733-3939 or fax us at 800-827-2600.

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    National Association of Equipment Leasing Brokers


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