Commerical Leasing Information

Buy or Lease. Either way, we have you covered

To help determine whether buying or leasing is the best option for your business, review these Ford Pro™ FinSimple finance options.

  Commercial Installment Financing CommerciaLease (TRAC) Commercial Red Carpet Lease (RCL)
Description
  • • Traditional purchase loan where you own the vehicle at end of term.
  • • Ideal for businesses that keep vehicles for five+ years.
  • • Customizable open-ended lease plan with flexible terms and residuals based upon your business requirements.
  • • Closed-end lease plan where you can walk away at the end of term (no residual risk).
  • • Ideal for predictable and light vehicle usage.
Terms
  • • Fully amortized loan with equal monthly payments.
  • • Flexible terms up to 72 months.
  • • Flexible terms ranging from 12 to 72 months.
  • • Monthly payments typically lower than similar term installment payments.
  • • Mileage options up to 99,999 miles for term of lease.
  • • Terms typically range from 12 to 48 months.
Vehicle Eligibility & Usage
  • • New and used vehicles through heavy-duty trucks and upfit vehicles.
  • • No mileage restrictions or excess wear and use charges.
  • • New and used vehicles through heavy-duty trucks and upfit vehicles.
  • • No mileage restrictions or excess wear and use charges.
  • • New vehicles only.
  • • Not eligible for upfits.
  • • Responsible for excess mileage and wear and use charges at end of term.
End of Term
  • • Own the vehicle free and clear once finance obligations have been met.
  • • Lessee is responsible for the selected residual value at lease-end.
  • • Buy out your vehicle, trade it in at the dealership, or have us sell it for you*.
  • • Return your leased vehicle or buy it out.
  • • Lessee is not responsible for the residual value at lease-end.

CommerciaLease (TRAC)

Customize Your Lease for Optimal Efficiency

Commercial and fleet customers have a customizable lease designed just for them. You can make smart financial decisions based on your business plan, with terms that free up capital and match your timeline. Our Ford Pro™ FinSimple® CommerciaLease is a great alternative to conventional financing.

What is a CommerciaLease?

CommerciaLease (TRAC) is an open-ended Terminal Rental Adjustment Clause (TRAC) lease program that provides flexible terms and residuals based upon your business requirements[cite: 160]. It accommodates new and used vehicles with modifications/upfits or high-mileage and heavy-usage vehicles.

Who & What is Eligible?

  • • Vehicles used more than 50% of the time for business.
  • • Must be a commercial entity (sole proprietor, corporation, or LLC). Nonprofit organizations and non-governmental colleges/universities are also eligible.
  • • New and used cars through heavy-duty trucks, including high-mileage and heavy-use vehicles**.

Benefits & Features

  • Ideal for businesses that prefer lower monthly payments by structuring terms to match vehicle usage and life cycle.
  • Monthly payments are typically lower than similar term installment payments.
  • Allows for cash flow to be invested back into the business.
  • Flexible terms ranging from 12 to 72 months.
  • Specialized equipment and upfits can be residualized.
  • No mileage restrictions or excess wear and use charges typically found in traditional lease products.
  • Ability to finance add-on products like Commercial GAPCoverage, extended service contracts, and maintenance plans.

Simple Steps at Lease-End

At the end of your lease, you have multiple options (Note: Lessee is responsible for the selected residual value whether you keep, trade, or sell):

1. Buy out for residual value 2. Trade to a dealership 3. Have us sell it for you*

Note: Lessee is responsible for the selected residual value of the vehicle at lease-end whether you want to keep, trade, or sell the vehicle.

Tap into a Commercial Line of Credit (CLOC)

CLOC Details & Benefits

  • Agreed-upon level of credit that you may use for the purchase or lease of commercial vehicles, including vehicles that are upfitted.
  • Perfect for when your fleet needs require financing of multiple vehicles throughout the year.
  • Commercial Installment Financing.
  • CommerciaLease (TRAC), and Commercial Red Carpet Lease® products may all be utilized within your Commercial Line of Credit.
With a CLOC, getting a vehicle is fast-tracked and hassle-free*:
  • Pre-established credit made easy
  • No setup or nonutilization charges
  • Credit that frees up capital
  • Streamlined approval and renewal process

To Get Started

During the online application process, you will be asked to provide the following documentation:

  • ✓ Contact, Fleet, & Billing Information
  • ✓ Previous 3 year-end financial statements
  • (Tax returns, CPA-reviewed, or CPA-audited)

Estimated Time of Approval

5 Business Days

Once all required documentation is received, our team works to expedite decisions based on your line amount.

Your dealership may require a Credit Application for each vehicle you intend to finance on your CLOC. A renewal notice will be sent to you 90 days prior to the expiration of your CLOC (renewals may be for up to 24 months**).