Total Leasing Service for Single Vehicles and Smaller Fleets
With all the problems associated with running a growing business the last thing you need is the lost time, aggravation and unnecessary expenses associated with purchasing, financing, operating and maintaining your vehicles.
Bigger corporate fleets are managed by either a full time in-house professional fleet manager or outsourced to a fleet management company.
For smaller fleets an in-house fleet manager is cost prohibitive and fleet management companies aren’t interested in providing their services to smaller fleets... until now.
Our targeted customers operate the estimated 10,000,000 vehicles currently used for business and other commercial purposes in fleets of 2 or more vehicles although larger fleets are welcome. Almost any new or late model used titled vehicle from cars to semi-trucks and trailers may be eligible for our services.
How we purchase and finance your vehicles for lease.
Purchasing these vehicles at the best price and effectively managing them requires the financing and management skills we’ll provide. And we can do all these things for you at a lower cost than if you did these tasks yourself. These 2 linked pages cover the full menu of purchasing and leasing sevices available to our customers. (You can skip to the maintenance management page here.)
1. Specify the vehicle. Tell us what make, model and equipment you need. For cars and light duty trucks a helpful tool is our on-line database you can use to "build" and price vehicles or simply give us a basic outline the car or truck needed and we’ll do the rest.
2. Proposal. You'll get a proposal and lease structure for review and acceptance.
3. Credit Line. We’ll setup a credit line to cover vehicle acquisitions that will cover immediate needs from $10,000 to several million dollars leaving your existing bank credit lines available for other business needs. The cost of funds is based on the current prime rate. The first $75,000 is “signature only” in most cases. Unlike some banks any personnal guarantees that may be needed are not reported to credit reporting agencies.
4. Locate or Order. If there’s an urgent requirement for the vehicle we’ll locate it in a dealer’s inventory for immediate delivery.
If you can wait a few weeks we’ll order the vehicle from the factory exactly the way you want it and have it drop shipped it to the nearest dealer.
Regardless of how we obtain the vehicle all fleet incentives, rebates and other discounts are passed on to the customer. The delivering dealer near you will clean and prep the vehicle for a courtesy delivery. The required DMV registration work will be done for you. Annual registration renewals are a function of vehicle management.
5. Lease structure. Most businesses choose the TRAC Lease as the preferred
format. TRAC Leases were authorized by Congress as part of the Tax Reform Act of 1986 and are unique to motor vehicles used at least 50% of the time for business. TRAC Leases are unique in that they permit a cash rebate back to you at lease termination.
TRAC Lease key points:
Unlimited mileage and no mileage charges.
No wear and tear penalties.
Vehicles can be painted or modified within reason.
Lower payments than bank financing.
No down payment in most cases.
Fixed purchase options.
Tax code permits a cash rebate back to the customer at lease end.
True “Tax Lease” conforming to IRS requirements.
Customers can select a “residual amount” or purchase option amount ranging from 10% and higher of the vehicle cost thus affecting monthly payments.
We use a Master Lease format that consists of one lease agreement with single page addendums for each vehicle as they are acquired.
This also means 1 monthly invoice for all vehicles.
An alternative to the TRAC Lease is the Closed End Lease, or “Walk Away” lease for businesses that need to lock in their vehicle costs.
Closed End Lease key points:
There’s “no risk” at lease end for the vehicles value.
Custom mileage allowances to meet expected needs.
Excessive mileage and wear that requires repair may be charged back at lease end however, these are nullified by purchasing the vehicle at lease end if you decide to purchase it.
6. Delivery. Vehicles are delivered to where they’re needed, anywhere in the US. In some cases the customer locates and selects vehicles on their own, especially when its used or a specially upfitted truck.
7. Disposal. Customers can purchase "off lease" vehicles for the purchase option amount. TRAC Lease customers may be entitled to a cash rebate from surplus funds resulting from off lease vehicle sale.
Vehicle Management and more:
We offer the smallest fleet operator the same time and money saving services as the biggest fleets. Your vehicles become part of a 300,000+ vehicle fleet managed by expert technicians. Your entitled to discounted fleet pricing for labor, parts, tires, batteries and more.
Click here to learn more about vehicle management services.
Questions? For more information please contact us:
Leasing & Financing 
