COMMERCIAL FINANCE PROGRAMS
PROGRAM DESCRIPTION
CUSTOMER ADVANTAGES

RETAIL INSTALLMENT LOAN
Traditional financing for you retail purchase
  • Alternative to cash
  • Full responsibility of ownership
CLOSED-END (OPERATING) LEASE
Alternative financing tool through which you obtain the right to use the truck acquired from the dealer without full cost of ownership (lease payments take into account an end of term residual value)
  • Right to use without full risk of ownership
  • Offers cash management flexibility in the structuring of lease payments
CAPITAL LEASE (BARGAIN OR $1.00 PURCHASE OPTION)
Lease with characteristics of a purchase agreement, typically providing for a purchase option at normal or below-market price or providing a very minimal residual (also known as a Conditional Sale Lease)
  • Postpones ownership responsibilities until the end of term
  • Ability to purchase equipment at the lease for a nominal amount
TRAC LEASE
Terminal Rental Adjustment Clause (TRAC) Lease is used primarily for vehicles, trucks, and trailers
  • Fixed projected value at the end of the term
  • True (Operating) Lease advantages
MASTER LEASE OR CREDIT LINE
Lease line of credit for current and future truck acquisition needs under a single master lease agreement (applicable to operating, TRAC, and capital leases)
  • Multiple purchases over an extended period of time
  • Only one master lease agreement needs to be signed
  • Additional truck leases handled on a supplemental agreement establishing applicable lease rates at time of delivery