TRUCK LEASING SOLUTIONS
When you’re looking for the best truck lease deals, Freightliner’s fleet is here to offer you a range of options, from a TRAC lease to a Modified TRAC lease, Zero TRAC lease and Fair Market Value (FMV) lease through Daimler Truck Financial (DTF) or other financial partners.
We also have competitive loan rates and a variety of customized payment structures based on your needs. Explore lease options below, and when you’re ready, contact us to help you get the truck and lease that works for your bottom line.
TRAC AND MODIFIED TRAC LEASE
Terminal Rental Adjustment Clause (TRAC) leases are the most commonly used instrument for commercial vehicle leases. They offer lower payments than retail loan structures and multiple options at lease-end, including acquiring the vehicle or receiving the excess proceeds upon Daimler Truck Financial’s sale of the vehicle (if applicable).
If you prefer low payments, a fixed residual value with ownership opportunities at lease maturity and depreciation is not a business need, a TRAC lease might be the best finance option for you. If you are concerned about open-ended residual risk, then a Modified TRAC lease may be what you need, since it caps your exposure to the residual risk. A Modified TRAC lease is similar to a TRAC lease, but it can be classified as an operating lease for financial reporting purposes.
Terminal Rental Adjustment Clause (TRAC) and Modified TRAC leases offer low payments, pre-determined residuals, multiple lease-end options, and many terms and residual plans. At the end of a lease, you can purchase your truck for a pre-determined residual amount or DTF can sell the vehicle and provide you with surplus greater than the residual value. If the value at lease-end is less than the residual, you pay the difference, plus DTF’s selling expenses. However, with a Modified TRAC lease, you only pay up to the specified, maximum liability.
ZERO TRAC LEASE
If you want some of the benefits of both a loan and a lease, a Zero TRAC lease may interest you. A Zero TRAC lease offers many of the same benefits as a TRAC lease. It is a fully amortized lease offering ownership at lease-end with little or no cash outlay beyond potential sales tax that may be due, depending on the state. With a Zero TRAC lease, you will have a lower payment than a loan, but a higher payment than a TRAC lease, because there is no residual value.
Unique to DTF, a Zero TRAC lease offers low payments, little or no cash outlay, and no mileage or equipment condition requirements. Additionally, a Zero TRAC lease amortizes to zero at lease-end and builds customer equity
COMMERCIAL TRUCK LEASE DEALS CUSTOMIZED FOR YOUR BUSINESS
Whether you’re interested in box truck leasing or just want to find truck leasing near me, Frank’s Meadowlands Freightliner can help. Check out our finance calculator or contact us to expedite your search today.