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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.
Farm Tractors, Combines, Golf Carts, Backhoes, Forklifts, and Truck Bodies are also eligible.
TRAC Lease Programs Are Available
for the Following Credit Categories
| Bank Qualified | Standard |
| A Credits | Financial Disclosure |
TRAC Residuals
Trucks & Trailers
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Light Trucks,
Vans & Limos (new)
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Light Trucks,
Vans & Limos (used)
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NEW: Up to 30%
USED: Up to 20%
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36 mths up to 40%
48 mths up to 35%
60 mths up to 30%
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36 mths up to 30%
48 mths up to 25%
60 mths up to 20%
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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.
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