TRAC Leases (Terminal Rent Adjustment Clause)
A TRAC Lease is another way to obtain equipment while keeping the payments lower. This is done by creating a residual or lump sum payment after the agreed upon term. A common structure may be to finance $100, 000.00 piece of equipment for 60 months with $15,000.00 down payment and a 20% residual your payment will be $1,684.85. The lessee is responsible for the residual at the end of the term for the right type of customer this is a flexible option. Depending on your situation, you’ll need to decide if a TRAC lease is right for you.
Rest assured we will find a solution for you.
in 10 minutes
Borrow from $ 10,000
up to $ 500,000
7.5% per year
In order to qualify for financing, we will need the following.
How to apply for equipment financing ?
Fleet Equipment Finance is eager to add new customers to our clientel list. In order to secure financing please follow the below 4 easy steps.
Completely fill out our credit application.
You may upload or email : Copy of drivers license, last three months of bank statements, las two years of taxes, copy of invoice.
Wait for Approval
We will explore all financing solutions for you and your entity. We will provide a financing solutions within 3-5 business days.
If approved, you will receive docs via DocuSign, we will fund the seller, and you may pickup you equipment.
The affordable way
to fund your future
If you’ve been turned down by other lenders, do not give up on your dream to start your own trucking business. We have tailored programs to put you plan into action.
When doing business with Fleet Equipment Finance, you are joining a winning team with partnerships with other vendors with solutions for your new venture.