TRAC Leasing
Lower the cost of heavy trucks
It's simple: IronStone Bank TRAC Leasing can mean significant savings for you and your company. TRAC stands for "terminal rental adjustment clause" and a
TRAC lease can help you make leasing heavy trucks more cost effective then ever. It's an open-end lease in which your business guarantees the residual value — or stated
purchase price — of the leased equipment. This guaranteed residual value helps you reduce your finance rate and that, in turn, helps lower you monthly payments and
improve cash flow.
Put TRAC leases to work
TRAC leases can be ideal for small and mid-size trucking companies with fleets of 10 to 100 trucks, as well as distributors and manufacturers with fleets of
5 or more trucks. You specify the vehicles, select the dealer, and negotiate the purchase price. Then IronStone Bank purchases the vehicles for you and assists the dealer
in completing the licensing and title documents. Credit approval and execution of documents are handled by IronStone Bank.
TRAC leases are smart business
- Residual values mean low lease payments and improved cash flow.
- Shorter lease terms mean you can replace vehicles more often and avoid maintanence costs.
- As a tax lease, a TRAC lease shelters taxable income to reduce cost further. In addition, the rate can be considerably lower than with conventional financing.
- A TRAC lease provides 100% financing with the first and last monthly payments and a one-time documentation fee payable in advance — so it also gives you
greater flexiblity in the use of your company's operating capital.
Get complete information
At IronStone Bank, we have expertise in structuring a wide variety of different leases in addition to TRAC leases. We're ready to meet your needs precisely.
To learn more about IronStone Bank TRAC Leasing, talk with an IronStone Bank relationship banker or call 1-866-IB DIRECT (1-866-423-4732).
