Financing Programs
We provide options to fit your needs including:- Fixed Payments
- Competitive Rates
- $0 Down Payment
- Refundable Deposits
- Flexible Lease Terms
- End of Lease Options
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TRAC Lease Vs. Traditional Finance
TRAC Lease
TRAC leases are the predominant form of leasing for large corporate fleets in the U.S. TRAC is an acronym for "Terminal Rent Adjustment Clause", which allows commercial vehicles and equipment to be leased with flexible term lengths, payments, and residual values. The residual value, also known as salvage value, is the estimated value of a fixed asset at the end of its lease term or useful life. There are 3 options at the end of a TRAC lease:
1. The customer can purchase the truck and obtain a free & clear title by paying the residual balance (if any)
2. The customer can refinance the residual value
3. The customer can replace or trade in the truck with no additional security deposit
There are many advantages in receiving a TRAC lease. TRAC leases generally require a lower down payment than traditional financing which allows for customers to save money drastically upfront. For one, monthly payments are significantly lower than traditional financing. In most cases, a customer drives a truck during its most trouble-free years and only pays for what their utilizing. In addition, there could be sizable tax advantages for business owners.
Traditonal Finance
This is a simple-interest retail loan that locks in an interest rate. This program allows customers to own the vehicle outright at payoff by making consistent fixed payments, generally higher. More often than not, this finance option calls for longer repayment terms and a down payment.
There are two (2) ways to apply to our programs:
1. Apply online throught our secure application.
2. Visit one of our local dealers to fill out a paper application.
For more information, please call us at 601-933-5300.
TRAC Lease
TRAC leases are the predominant form of leasing for large corporate fleets in the U.S. TRAC is an acronym for "Terminal Rent Adjustment Clause", which allows commercial vehicles and equipment to be leased with flexible term lengths, payments, and residual values. The residual value, also known as salvage value, is the estimated value of a fixed asset at the end of its lease term or useful life. There are 3 options at the end of a TRAC lease:
1. The customer can purchase the truck and obtain a free & clear title by paying the residual balance (if any)
2. The customer can refinance the residual value
3. The customer can replace or trade in the truck with no additional security deposit
There are many advantages in receiving a TRAC lease. TRAC leases generally require a lower down payment than traditional financing which allows for customers to save money drastically upfront. For one, monthly payments are significantly lower than traditional financing. In most cases, a customer drives a truck during its most trouble-free years and only pays for what their utilizing. In addition, there could be sizable tax advantages for business owners.
Traditonal Finance
This is a simple-interest retail loan that locks in an interest rate. This program allows customers to own the vehicle outright at payoff by making consistent fixed payments, generally higher. More often than not, this finance option calls for longer repayment terms and a down payment.
There are two (2) ways to apply to our programs:
1. Apply online throught our secure application.
2. Visit one of our local dealers to fill out a paper application.
For more information, please call us at 601-933-5300.