Owner Operator lease with Wholesale Truck and Finance: TRAC (Terminal Rental Adjustment Clause)

Making decisions about getting a new vehicle brings many questions; should I work with a Dealership or a Private owner? Should I get a new or used vehicle? Should I lease or buy this vehicle?

Most of us have become familiar with the term lease; lease a vehicle from a dealership and have a monthly payment for a set term; at the end of the term you are left with nothing. Dealerships may give you a chance to buy the vehicle for the remaining value. This involves a large amount that usual needs a loan that is paid off for the next 5 years or so.

Commercial truck financing through TRAC leases are different than the lease you may be accustomed to. TRAC leasing will allow you to have a manageable monthly payment and then own your truck at the end of the term. A TRAC lease requires a down payment, usually equal to two months worth of payments; then a buyout payment of about 10% of truck value at beginning of term. 

Wholesale Truck and Finance is not a dealer; like the name implies we work directly with wholesalers. This also allows us to find semi trucks for sale at low prices and then turn the savings around to you. The vehicles leased are 2004 or newer and have been through a detailed 150-point inspection and are DOT ready.