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TRAC Lease

A TRAC (Terminal Rental Adjustment Clause) Lease has become the primary lease type in North America as they offer greater control of the assets' utilization and disposal.
TRAC

TRAC Lease

Flexibility for your business.
    Flexibility
    Lessee can select the depreciation factor used to amortize the capitalized cost (with some limitations). Various factors can be used for different vehicles based upon specifications and utilization.
    Off-Balance Sheet
    An off-balance sheet, expense-based program allows companies a greater short-term cash flow through the adjustment of their monthly reserve for depreciation.
    Potential Gain on Sale
    When the vehicle is taken out of service, the sale proceeds are applied to the book value (capitalized cost minus accumulated depreciation) with any resulting gain passed on to the lessee.