Gordie Boucher Ford of Kenosha
Commercial TRAC Lease
What Is
CommercialLease?
- An open-ended Terminal Rental Adjustment Clause (TRAC) Lease
- The Lessee is responsible for the residual at lease-end.
- For Vehicles used more than 50% of the time for business purposes
CommercialLease
Features
- Specialized equipment and upfits can be residualized
- No excess wear and use penalties
- No mileage restrictions
- No acquisition, up-front or termination fees
- Advance or arrears payment option
- Master Lease Agreement
- Combined billing
- Service, Maintenance contracts and commercial GapCoverage can be included.
Eligible
Lessees:
Must be a commercial entity (Such as sole proprietor, Corporation or LLC). Nonprofit organizations and private colleges and universities that are not designated as government entities are also eligible.
Eligible
Vehicles:*
- New and used cars and trucks
- Vehicles with upfits
Ineligible
Vehicles:
- Emergency, fire and ambulance
- For Hire (Including taxi)
- Rental Vehicles
- Driver Education
- Federal, State or local governments
- Municipal vehicles
- Obtain a payoff quote and assistance with the buyout process
- Discuss the option to extend the term of you CommerciaLease agreement
- Discuss the option of us selling the vehicle for you***
- Purchase or lease a new Ford vehicle and facilitate the trade-in of your current vehicle
- Assist with terminating your vehicles; you will need to schedule a vehicle-return appointment with your originating dealer
*Vehicles hauling hazardous materials or used for people moving and passenger transport are subject to Ford Credit review and approval.
**Nonstandard terms and residuals are subject to Ford Credit approval. Nonstandard term residuals available
***You are responsible for any difference between the balance owed and the selling price (including any costs incurred to sell the vehicle as agreed upon in your Master Lease Agreement).