Gordie Boucher Ford of Kenosha
Commercial TRAC Lease
What Is
Commercial Lease?
- 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
Commercial Lease
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
What to Know At
Commercial Lease End
- 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).
Gordie Boucher Ford of Kenosha