Frequently Asked Questions
Yes, we offer leases for both new and used equipment.
We offer First Amendment, TRAC, and Walk Away lease options.
First Amendment lease
At the end of the initial lease term, the lessee has the option to either purchase the equipment or renew the lease. However, the specific options available at the end of the renewal period may vary. This lease type has no hour limits, and the residual value is determined based on the hours of use. The buyout schedule is an approximation, not included in the lease contract, and quotes are for discussion purposes only, subject to rate and term changes. The lessee is responsible for any applicable taxes, such as sales or personal property tax.
TRAC (Terminal Rental Adjustment Clause) lease
A TRAC lease is a type of commercial lease primarily used for financing vehicles and equipment. It allows the lessee to have a predetermined residual value for the equipment or vehicle at the end of the lease term. This type of lease is often used in industries where vehicles or equipment have predictable depreciation patterns, and it provides flexibility for the lessee to purchase the asset at the agreed-upon residual value or return it to the lessor.
Walk Away lease
Similar to the First Amendment lease, the Walk Away lease allows the lessee to purchase the equipment or renew the lease at the end of the initial term, with varying options upon renewal. There are no hour limits, and the residual value is determined by hours of use. The buyout schedule is an approximation, not part of the lease contract, and quotes are for discussion purposes, subject to rate and term changes. The lessee is responsible for taxes, including sales and personal property tax.
Our published rates are updated on a monthly basis.
You can either fill out a simple 1-page paper application or work with a dealer and complete an online application.
You can find the application on our website’s application webpage.