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What Is A TRAC Lease?

If you need to purchase a motor vehicle or trailer, a TRAC lease may be an option available to you. Find out what it is and whether it's the right equipment financing for you.

    Chris Motola
  • Last updated onUpdated

  • Erica Seppala
  • REVIEWED BY

    Erica Seppala

    Editor & Senior Staff Writer

Our content reflects the editorial opinions of our experts. While our site makes money through referral partnerships, we only partner with companies that meet our standards for quality, as outlined in our independent rating and scoring system.
Key Takeaways
  1. TRAC leases are specifically designed for financing motor vehicles and trailers.
  2. TRAC leases allow businesses to adjust payment terms and residual values, providing the flexibility to choose between lower monthly payments with a higher residual or vice versa.
  3. At the end of a TRAC lease, businesses can choose to purchase the vehicle, sell it, or return it, with the potential for a refund or additional payment based on the final sale price.
Chris Motola

Chris Motola

Expert Contributor at Merchant Maverick
Chris has been writing about small business topics since 2003. He has been featured in Fox Business, ABC News, Yahoo Finance, GoBankingRates, Newsweek, BizJournals, and other publications. He has a Bachelor’s of Arts in English Writing Arts from SUNY Oswego, and a Masters of Science in Interactive Media from the University of Central Florida. He currently resides in the Hudson Valley region of New York.
Chris Motola
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Chris Motola

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Get in touch with a real human being on the Merchant Maverick team! Send us your questions, comments, reviews, or other feedback. We read every message and will respond if you'd like us to.