Terminal Rental Adjustment Clause
This is the industry’s most popular method for acquiring commercial equipment. Over 80% of businesses embrace the advantages of leasing primarily to reduce expensive upfront costs as well as to create a trade cycle that ensures acquiring the most technically advanced equipment on the market.
A TRAC lease gives the purchaser the option to buy the vehicle at a predetermined value at the end of the lease or to trade up to new equipment.
A TRAC lease can be considered an operating lease or a capitalized lease on your financial statements so you can consider this as an off balance sheet financing.
TRAC lease payments can be completely expensed, an advantage most companies realize with leasing as opposed to financing their equipment.
Terms up to 72 months on qualified vehicles.
Premier Financing offers the Full Advantage T.R.A.C lease. It is perfect for businesses that want to be proactive when it comes to their fleet maintenance needs.
The Full Advantage T.R.A.C. Lease takes a traditional T.R.A.C. lease and add’s the maintenance aspects of a Full Maintenance Lease. Also, removing the limitations on mileage restrictions or worrying about the items like tire tread at the lease-end.
You spec equipment that is right for your business and Crossroads creates a cost-effective payment structure that includes a stated lease-end purchase option.
Month payments are fixed with an added variable for mileage charges (charged per mile).
Maintenance services are scheduled based on vehicle use, which assist to maximize the lifecycle of the equipment.
Additional Benefits Include:
Change Ways to Purchase to Advantages to Different Purchasing Options.
Benefits of Leasing
Leasing can provide minimal upfront costs and lower monthly payments than traditional financing.
Off balance sheet financing allows for an improved net worth.
Generally equipment lease payments are considered operating expenses and may be 100% tax deductible for most businesses.
Conserve cash and maximize cash flow! This is the goal of all successful businesses. Leasing is designed to conserve cash and to provide a replacement schedule for updated and more efficient equipment.
You never know when you may need cash to cover expenses (engine repairs, medical expenses, taxes, license fees, insurance costs, etc); or to use cash to invest in your business (pre-pay expenses, additional equipment, equipment improvements, employee salaries or bonuses to the owner); or simply to build cash reserves to help with any economic downturns.
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