Welcome to TRACLease.com, your premier leasing company for all your commercial transportation needs. We specialize in TRAC (Terminal Rental Adjustment Clause) Leases for all new and used for commercial business purposes. Only the first months payment and applicable tax is needed to start a new lease and drive that vehicle.
Keep Money in Your Pocket
With a TRAC Lease, there is typically no down down payment - get on the road with a quality new or used vehicle and leave that money in your bank account! Not only are the monthly lease lower then a financed vehicle but there are no wear and tear charges or mileage restrictions or covenants.
You choose the residual value at the end of the lease and your monthly payments are based from that residual value. Trac Leases are a great option for any vehicle.
Our team at TRAC Lease is dedicated to providing excellent customer service and finding the perfect leasing options for your specific requirements. Contact us today at 215-361-6900 or email us at Terry@NorthPennFinancial.com to learn more about how we can assist you. You can also visit our website at Loan Programs to explore our leasing options and get started on your journey with TRAC Lease.
1. You Save Money Up-Front
Compared to a loan which can typically require 5 - 20% down a TRAC Lease does not require a large down payment. A TRAC Lease has a really low or no down payment to start a TRAC Lease. You get the equipment you need for your business today and you also keep your money in your pocket.
2. Your Monthly Payments Are Fully Tax-Deductible
Were the Lessor & title owner of the asset and you are the borrower, the lessee. The Lessor gets the depreciation benefits of the asset & you the Lessee get to write off you monthly payments in full as a rental expenses for IRS tax purposes.
3. Your Monthly Payments Are Lower
Since the Lessor get the depreciation benefits, the Lessor passes those benefits on to the Lessee in the form a lower monthly payment. These lower monthly payments are fixed for the entire term of the TRAC Lease. So even, if market conditions change your fully tax-deductible lease payment will never change.
4. Your Monthly Payments Include Your Sales Tax
With a traditional vehicle purchase & loan each state requires the entire amount of the sale tax to be paid when your register the vehicle with the state. With a TRAC Lease the sales tax payment will be spread evenly across your monthly payments. So in other words... you pay the sales tax over the term of the lease instead of one-lump-sum. Again, keep your up-front money in your pocket.
5. You Have Many Options At The End Of Your TRAC Lease
Our team at TRACLease is dedicated to providing excellent customer service and finding the perfect leasing options for your specific requirements. Contact us today at 215-361-6900
North Penn Financial is a national small-balance commercial mortgage company dedicated to providing financing to borrowers & businesses from $50,000 to $3,000,000 whose needs are underserved by traditional lenders.
Here at North Penn Financial, we have the right equipment financing & leasing programs for you & your business. Whether you need just $5,000 or $400,000 our simple 1 page lease application can get you approved today.
North Penn Financial offers funding programs dedicated to borrowers & businesses whose needs are underserved by traditional lenders. Contact us today for a free, personalized consultation to help grow your business.
When Banks Say NO!
NORTH PENN SAID YES!
87% of Bank & SBA Applications are DECLINED!
"You Have A Story & We Wanna Hear It"
NO FICO Score Loan Programs
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$5,000 - $400,000
12 - 84 Month Terms
Lease & Loan Agreements
Large Credit Window
No Minimum Credit Scores Required
Bad Credit Scores OK! / Past Bankruptcies OK!
Programs Tailored to Startups & Investors
Low-Interest Rates & 0% Down Payment Options For Qualified Buyers
No Age Restrictions on Leased Equipment
Buy From Any Auction, Dealer or Private Seller Nationwide
Working Capital Loans Available
Sale & Leaseback Available
Second Opinion Leasing
You Have A Story & We Wanna Hear It!
Specializing In Bank Turndowns
