Our goal is to get you into the equipment that you need with payments that you can afford. In step with this goal, we offer lease programs on our entire inventory. We offer several types of leases, but the TRAC lease is one of our most popular solutions:
Cash Back Opportunity
A Terminal Rental Adjustment Clause (TRAC) programis an open-end lease limited To motor vehicles and trailers. TRAC leases are unique in that through federal tax rules permit a Rental Adjustment (cash rebate or deficiency) back to you at lease termination, TRAC leases are considered a true tax or operating lease. At the beginning of the lease, you and Beacon Funding will agree on a lease-end purchase price which will determine yourmonthly payments. At the end of the lease, you can purchase the vehicle for this amount, or turn the vehicle in and be eligible for a Rental Adjustment.
- Pre-established purchase option
- Enables you to share in any upside proceeds gained from the sale of equipment
- Lower monthly payments
- Improved cash flow
- Fixed and variable payment structures
- Off balance sheet financing
Click on the Credit Application icon to download it. You will need Adobe Acrobat Reader to open the file. If you do not have Acrobat Reader on your system, you can download it for free by clicking on the icon below. Once you have opened the credit application, please complete the information requested, print out a copy, sign it, and fax to 866.287.7829 or mail to 4884 Corporate St SW, Canton OH 44706. Donít hesitate to call us if you have any questions.