What is Leasing?

There's nothing mysterious about leasing. Leasing is merely using property for an agreed-to period of time for an agreed-to schedule of payments. The term of the lease is usually 24-60 months.

Types of Products Available

TRAC Lease
A lease on vehicles titled for commercial use in which you have the option of buying the leased vehicles at a predetermined price when the lease term expires. Trans Lease retains the depreciation benefits and passes the tax savings along to you in the form of lower lease payments. Lease payments are fully tax deductible by the lessee.

FMV Lease
A lease on any vehicle or equipment that provides no fixed purchase option at the end of the lease term, other than the Fair Market Value (FMV). Ownership of the equipment is retained by Trans Lease. Mileage caps may apply.

Equipment Lease
A tax lease on non titled equipment.

Installment Lease
A lease in which there is a fixed purchase option at the end of the lease term. The ownership and tax benefits pass to you immediately upon execution of the lease documents.

Loan & Security Agreement
An agreement in which Trans Lease finances your purchase of equipment on a fixed rate basis. In the face of rising costs and the need for expansion, today's businesses can pump new life into their operating capital by utilizing Trans Lease's financing plans. Businesses have recognized the value of leasing as a handy tool to improve profits. It also provides convenience and proper cycling of equipment needs, and enables you to avoid the obsolescence of owned property.

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