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Monday - Friday
info@gofef.com
Merrillville, IN 46410
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TRAC Leases

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.

Flexible Terms

Rest assured we will find a solution for you.

Apply online
in 10 minutes

Borrow from $ 10,000
up to $ 500,000

Rates from
7.5% per year

Requirements

In order to qualify for financing, we will need the following.

Completed Credit Application
Last Three Months Bank Statements
Last Two Years Tax Returns
Copy of Driver’s License
Invoice, Specs, Mileage and Copies of Titles to be Financed

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.

1

Credit App
Completely fill out our credit application.

2

Upload Documents
You may upload or email : Copy of drivers license,  last three months of bank statements,  las two years of taxes, copy of invoice.

3

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.

4

Sign Docs
If approved, you will receive docs via DocuSign, we will fund the seller, and you may pickup you equipment.

Are you ready to become your own boss? Take charge of your future

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.

Benefits of working with Fleet Equipment Finance, LLC

When doing business with Fleet Equipment Finance, you are joining a winning team with partnerships with other vendors with solutions for your new venture.