You trust Custom Truck & Equipment to provide the right equipment for the job.
Trust in Custom Truck Capital to provide you with the financial vehicle to make that acquisition go.
TRUE LEASE (FAIR MARKET VALUE)
With a True Lease the Lessor (Custom Truck Capital) retains ownership and Title to the equipment and the Lessee (Customer) retains possession and pays only for use of the equipment.
- Most flexible of all lease options
- Best option for customers who want to return the equipment at the end of the term and upgrade to new equipment
- The Lessee may be able to claim lease payments as an operating expense (for more information, consult with your accountant)
- At lease-end, Customers have option to:
- Purchase the equipment for “Fair Market Value”
- Continue to lease the equipment with a new lease at a reduced rate with payments based on the fair market value amount and over a new term to align with changing needs going forward
- Return the equipment
TRAC (TERMINAL RENTAL ADJUSTMENT CLAUSE) LEASE
A TRAC Lease is designed for vehicles in commercial use that give the Lessee the option of buying the leased vehicles at a pre-determined price when the lease term expires.
- Reduces the uncertainty of a monthly payment, at an attractive price
- Custom Truck Capital purchases the equipment and retains the Title to the equipment – Lessee uses the equipment for the specified term at fixed monthly payments
- At the end of the TRAC Lease term, the Lessee may choose to purchase the equipment for the predetermined “Residual Value”
- If the equipment is returned to Custom Truck Capital, upon equipment disposition, if the net proceeds exceed the residual value owed, Custom Truck Capital will pay the difference for the Lessee. If the net proceeds are less than the residual value, the Lessee will pay the difference to Custom Truck Capital as an additional payment
FULL PAYOUT LEASES
A Full Payout Lease is the best option for customers who want affordable payments and want to own the equipment at the end. Title will transfer to you automatically.
Loans are designed to provide easy, affordable equipment financing for businesses that want to own and depreciate the asset but prefer not to expend a large cash outlay to cover the total equipment cost upfront. Custom Truck Capital Loans are easy and the application process is fast.
- Up to 100% financing is available with flexible amortizations
Custom Truck Capital
655 Business Center Drive
Horsham, PA 19044