Are You Searching for Alternative Truck Financing Options?
One of Penske's flexible truck financing options could work for you.
TEAMLease™ Solutions
Penske Truck Leasing and GE Commercial Finance offer TEAMLease™, which combines Penske's contract maintenance program and GE financing to offer you a customized truck finance option.
True Lease
True Lease is a closed-end lease that provides 100 percent financing with no down payment. Monthly payments are lower than if you were to buy and finance the same equipment.
Best for customers who are:
- In the market for new equipment and not interested in owning
- Looking for a cost effective payment structure
- Open to fixed or floating rates
- Looking for full-year or seasonal rates to optimize cash flow
- Interested in an open- or closed-ended lease
- In need of help managing their fleet
Benefits of a True Lease:
- Lower monthly payments and improved cash flow
- Potential for operating lease treatment
- Lease payments that are fully deductible for tax purposes
- Improved financial ratios
- Reduced maintenance costs via effective management of fleet life cycle
- Fixed and variable payment structures
End-of-term options:
- Purchase your equipment
- Renew your lease
- Upgrade or replace your equipment
- Return your equipment
TRAC Lease
We also offer a Terminal Rental Adjust Clause (TRAC) lease. It's a tax-oriented lease that provides the opportunity to purchase the equipment at lease end according to a predetermined fixed amount. This is a great financing option if you want to own the units at the end of the term.
Benefits of TRAC Lease:
- Pre-established purchase option
- Ability to share in any upside proceeds gained from the sale of the equipment
- Lower monthly payments
- Improved cash flow
- Fixed and variable payment structures
End-of-term options:
- Purchase your equipment
- Continue leasing
- Return your equipment