Fleet Truck Financing
Whether you require an armada of 10 vehicles or more than a thousand, Apple Capital Group meets the financing difficulties of armada clients, offering the fundamental unwavering quality and adaptability of a long haul monetary accomplice. From ordinary retail financing to TRAC and close-end leases, we give an assortment of back terms and structures to match money streams. We offer credit extensions to oblige stunned conveyances. Here is some information about our fleet truck financing program.
This is a simple-interest, fixed payment program that locks in an interest rate. Customers can rely on a stable monthly payment for the term of the loan and own the vehicle outright at payoff.
Our Terminal Rental Adjustment Clause (TRAC) lease allows customers to establish the residual value of the vehicle at the beginning of the term. At lease end, customers may purchase the truck for its pre-determined TRAC value or return it to DTF. If returned, and the truck exceeds the pre-determined residual value, DTF will return the net proceeds to the customer. If the value is less, the customer is responsible for the difference. TRAC leases usually offer lower payments than retail finance structures and may have tax benefits as well.
Zero TRAC Lease
The Zero TRAC lease operates similar to a TRAC lease but amortizes to zero. At lease end, customers may purchase the vehicle for its fair market value and DTF will credit the customer’s payments to the purchase price—resulting in no out-of-pocket costs beyond potential sales tax.*
Modified TRAC Lease
Similar to a TRAC lease, the Modified TRAC lease provides a residual value and offers ownership opportunities at lease end with a specific dollar amount limitation of liability.
Fair Market Value (FMV) Lease
The FMV lease is one of our most flexible finance products. At the end of the lease term, customers have the option to purchase the truck for its current Fair Market Value (plus other amounts or fees that may be due under the lease) or simply return the truck, subject to inspection and certain return conditions and mileage restrictions. It typically requires a lower initial cash outlay and lower monthly payments than through a traditional loan.
These types of loans allow customers flexibility with their cash flow and are effective if a customer plans on selling the equipment prior to the end of the term.
Retail contracts can be structured to account for the seasonality of a fleet customer’s business, with no required payments during slow periods.
Life is full of uncertainties. If you find that you need to defer a payment, we will work with you to figure out how to get you through that unexpected time.
We offer extended terms to help our customers acquire the vehicles they need with a payment they can afford.
Lines of Credit
We offer lines of credit; an advantage that can free up operating lines of credit for normal business expenses. Unlike banks, we charge no fees and require no compensating balances. No Maximum Amount Financed We routinely fund fleet contracts for multiple vehicles with values exceeding $1 million.
Call us NOW to discuss your options regarding our fleet truck financing program at 866-611-7457.