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TRAC Lease Financing
TRAC Lease or Terminal Rental Adjustment Clause are open ended leases for the purpose of acquiring commercial vehicles, such as trucks, trailers, cars and vans. TRAC Leases are limited to vehicles and trailers that are used at least 50% of the time for business. With a TRAC lease, there are typically no mileage restrictions or charges.
At the end of the TRAC lease, you have the option to purchase the vehicle or trailer for the residual amount, trade-in for a replacement vehicle which applies any equity to the new vehicle, extend the lease by financing the residual amount, or you can turn in the vehicle or trailer. Compare free quotes with no obligation from multiple vendors.
At the end of the TRAC lease, you have the option to purchase the vehicle or trailer for the residual amount, trade-in for a replacement vehicle which applies any equity to the new vehicle, extend the lease by financing the residual amount, or you can turn in the vehicle or trailer. Compare free quotes with no obligation from multiple vendors.
