Terminal Rental Adjustment Clause (TRAC) Lease
The TRAC Lease provides a known residual as well as offering you ownership opportunities at lease end. Many term and residual options are available to suit your needs and the type of equipment you purchase.
TRAC leases also offer three options for you at the end of your lease – the residual amount may be re-financed, paid off, or the truck can be returned and sold for fair market value. If the truck sells for less, you will owe the difference.
How the TRAC Lease Compares
- Lower monthly payment compared to loans
- Pre-determined residual price
- Lessee responsible for residual
- No off-balance sheet financing 1
- No return conditions
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