TRAK
Lease:
The
Trinity TRAK Lease combines the advantages of ownership with the
financial and tax benefits of leasing. You can usually write off
the lease payments as a current operating expense. This will keep
your company balance sheet more streamlined and liquid.
The
TRAK lease provides the flexibility and economics of ownership.
TRAK leases have no mileage or use restrictions.
The
lease itself is just this simple: The vehicle is placed into service
and depreciated over the lease term to an ending value that you
pick. Keep the vehicle as long as you want and drive it as hard
as you want. At the end of the lease, we simply compare the value
of the vehicle with the book value. If there is a profit, it's
yours to keep. If there is a loss, that's yours too. If you want
to purchase the vehicle at the end of the lease you can. You can
also extend the lease for a lower monthly rental if you wish.
Walk-away
Lease:
This
closed end lease is set up for a specific number of months and
mileage. We recommend this program only for individuals who have
an established driving pattern or companies who prefer to avoid
used vehicle risks.
Fixed
Rate Lease:
The
interest rate is set on the date of delivery and fixed for the
duration of the lease.
Floating
Rate Lease:
Trinity
Leasing Company provides a floating interest rate based upon an
agreed index rate. This interest rate can vary each month. Trinity
Leasing Company provides a lock-in feature to convert leases to
a fixed interest rate program if interest rates increase above
your rate tolerance. Once converted, the leases must remain fixed
for the duration of the lease.
