Capital Lease

Leases are structured with fixed purchase options at the end of the original lease term. These leases allow the customer to depreciate the equipment.

True Tax Lease

A lease transaction classified by the Internal Revenue Code which qualifies the Lessee to expense the lease payments. The Lessor claims tax benefits related to the equipment ownership.

TRAC (Terminal Rental Adjustment Clause) Lease

A True Tax lease with a prearranged value at the end of the term for titled vehicles.