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TRAC
Lease
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.
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