What is TRAC Leasing?
A TRAC lease (Terminal Rental Adjustment Clause) is a type of commercial vehicle lease that provides cost savings, tax advantages, and flexible end-of-term options. It’s ideal for small and mid-sized businesses looking to avoid large upfront costs while maintaining access to quality vehicles.
Key Benefits of TRAC Leasing:
- Lower Monthly Payments: Benefit from reduced payments due to retained depreciation and tax pass-throughs.
- 100% Tax Deductibility: Lease payments may be fully tax-deductible as operating expenses.
- Minimal Upfront Costs: No need for large capital investments or down payments.
- Flexible End-of-Term Options: Purchase the vehicle, refinance the residual, or return it—your choice.
- Potential Asset Equity: If the vehicle's value exceeds the residual at lease end, you retain the equity.
Our Approach to Fleet Leasing
Personalized leasing terms for any fleet size
Get tailored lease agreements that align with your operational needs—whether you're managing one vehicle or a growing fleet.
Truck configurations from trusted commercial brands
Choose from a wide range of reliable, work-ready trucks from industry-leading manufacturers, configured to fit your specific application.
Options to work with large holding companies
Leverage our partnerships with national holding companies to secure high-volume fleet solutions with streamlined logistics and pricing.
Scalable contracts for future expansion
Our leasing contracts are built to grow with your business—add, return, or upgrade vehicles as your fleet requirements evolve.
Financing consultations and application support
Receive expert guidance throughout the financing process, from evaluating options to completing applications quickly and efficiently.
Real-World Challenges, Real-World Solutions
Too often, fleets face problems like:
- Over-repaired vehicles that increase downtime and costs
- Lack of visibility into the true cost of ownership
- Inefficient asset management and outdated equipment
Our leasing services address these issues directly by offering modern, reliable trucks, financial flexibility, and tools to manage your fleet effectively.
Leasing vs. Buying – What’s Best for You?
| Feature | Leasing (TRAC) | Traditional Financing |
|---|---|---|
| Upfront Costs | Low or none | High down payment |
| Monthly Payment | Lower & predictable | Higher, includes depreciation |
| Tax Benefits | Payments often 100% deductible | Depreciation deductions |
| End-of-Term Flexibility | Multiple options | Must sell or retain asset |
| Vehicle Lifecycle | Easily updated with new models | Long-term ownership commitment |
Know more about Traditional Financing on our page.
Why Lease Instead of Buy?
Leasing allows businesses to stay agile. It reduces long-term costs, avoids depreciation, and keeps your fleet up-to-date.
Benefits of Leasing Through New Work Trucks:
- Lower Upfront Costs – Preserve capital for other business needs
- Predictable Monthly Payments – Streamlined budgeting with no surprises
- Tax Advantages – Potential write-offs depending on lease structure
- No Long-Term Commitment – Upgrade as your fleet needs grow
- Access to New Models – Reduce downtime and repair costs
Ready to Upgrade Your Fleet Without the Overhead?
Let’s find the right lease for your business. Whether you’re a solo operator or managing a growing team, New Work Trucks is ready to support your fleet with smart, affordable leasing options.
