3 Advantages of a TRAC lease

The term "TRAC lease" stands for terminal rental adjustment clause lease. This is a type of lease that is commonly used with over the road vehicles and equipment leasing. Here are some of the advantages of using a TRAC lease.

1. Option to Buy

With this type of lease, you will have the option to purchase the equipment after you complete your lease agreement. This way, if you find a piece of equipment that you really like, you can hang onto it. If you want something else after the lease is over, you also have that flexibility.

2. Predetermined Price

Another benefit of this type of lease is that the sales price will be determined before you agree to the lease. This way, when the lease is over, you do not have to negotiate to secure a particular price on the equipment.

3. Payment Flexibility

You also have a great deal of payment flexibility with this type of lease. With a TRAC lease, you can choose a low purchase price for the equipment and get a higher monthly payment. You can also choose to get a lower monthly payment and agree to a higher purchase price at the end of the lease term.