You work your commercial and fleet vehicles hard and in the past leasing may not have made sense for your business.  Your business needs to reflect your success, not your limitations.  A TRAC (Terminal Rental Adjustment Clause) lease for business customers frees you to lease your entire fleet with great benefits with no wear and tear limitations plus unlimited mileage.  This lease option gives you the freedom to choose your monthly payment by setting the term and the residual that best works for you and your business.  With a TRAC lease you also have the ability to customize your new or pre-owned vehicles with the upfits that you need. This is a great cost-effective way to avoid the high cost of purchasing a vehicle with a monthly payment typically lower than a transitional lease.

WHAT ARE THE BENEFITS OF TRAC?

TRAC leases offer several benefits for businesses including:

  • EXTENSIVE SELECTION OF QUALIFYING VEHICLES
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  • SPECIAL TAX DEDUCTIONS*
  • NO MILEAGE RESTRICTIONS OR WEAR AND TEAR LIMITATIONS
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  • SALES TAX AND DELIVERY CHARGES CAN OFTEN BE INCLUDED IN YOUR FINANCING
  • FLEXIBILITY TO SELECT A LONGER TERM WITH A HIGHER RESIDUAL FOR A LOWER PAYMENT
  • NO DOWN PAYMENT REQUIRED (FOR MOST CUSTOMERS THE ONLY OUT OF POCKET IS THE FIRST PAYMENT)
  • ASSISTS IN BUILDING YOUR COMPANIES CREDIT
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  • FLEXIBLE PAYMENT TERMS RANGING FROM 24-72 MONTHS WITH A FIXED RATE
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  • AT THE END OF A TRAC LEASE YOU HAVE THE OPTION TO BUY THE VEHICLE OUTRIGHT AT YOUR PRE-DETERMINED RESIDUAL DOLLAR AMOUNT, OR TRADE IN FOR A NEWER VEHICLE.

WHAT ARE THE END OF TRAC LEASE OPTIONS?

When your TRAC lease come to an end, you have a few options to consider:

  1. Purchase the vehicle for the predetermined "residual value" that was set when you signed the lease.
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  3. Continue to lease the vehicle with payments based upon the agreed upon residual value. You're your last payment your business owns the vehicle.
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  5. You can sell the vehicle to a buyer of your choosing. You retain any equity for the sale and will only be responsible for the difference between the sales price and payoff amount on the lease if there is one.

If you want to learn more about TRAC lease or any of our financing solutions and how your company can benefit, feel free to reach out to our experts. We're happy to answer your questions and help you find the program that fits your company.

*Please consult with a tax professional regarding deductions for business expenses.

Contact

Midway Chevrolet

2323 W BELL RD
Directions PHOENIX, AZ 85023

  • Contact: 844-880-3582

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