Crossroads Equipment Lease & Finance
Phone: 909-786-3040
 9121 Haven Ave, Suite 270, Rancho Cucamonga, CA. 91730

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TRAC
By far the most popular avenue to acquire commercial equipment. Over 80% of businesses take advantage of leasing to reduce the expensive upfront costs of purchasing equipment as well as creating a trade cycle to ensure they are acquiring the most technically advanced equipment on the market. A TRAC lease gives the purchaser the option to buy the vehicle at a predetermined value at the end of the lease or to trade up to
new equipment.
  • What is a TRAC lease and how does it work? A TRAC value lease is a true lease for tax purposes, meaning the Lessor, Crossroads Equipment Lease and Finance, owns the equipment for tax purposes, depreciates the equipment, and passes a portion of the tax depreciation to the customer (Lessee) in the form of a lower payment.  The lease contains a Terminal Rental Adjustment Clause (TRAC), in which the lessee takes on the residual risk/reward. At the end of a  TRAC Lease the lessee has several options.

      1. Pay the TRAC amount and the lessee owns the truck.
      2. Crossroads will finance the residual
      3. Use the residual value as a trade in on a new vehicle
      4. Return the vehicle to Crossroads and:
        •  We will sell the vehicle.
          1. If the sale price is more than the TRAC amount, Crossroads will pay the difference to the lessee.
          2. If the sale price is less than the TRAC amount, the lessee will pay the difference to Crossroads.
  • A TRAC lease can be considered an operating lease or a capitalized lease on your financial statements so you can consider this as an off balance sheet financing.
  • TRAC lease payments can be completely expensed, an advantage that most companies realize with leasing as opposed to financing their equipment.
  • Terms up to 72 months on qualified vehicles

FMV
Fair Market Value (FMV) Lease. Another popular avenue to purchase your vehicles. A FMV lease is also considered a “walk-a-way” lease.
Advantages include:

  • Off balance sheet financing with the ability to expense the entire lease payment
  • Tax advantages – lease payments may be tax deductible
  • No end of term commitment outside of the agreed upon turn in conditions
  • Little or no money required for a down payment



Municipal Lease
We have programs to help municipalities purchase vehicles, whether it be school buses, or transit buses. We can help! Our programs can help your municipality with advantages including:

- Maximized use of budgeted funds
- Match expense with product’s useful life
- Straight-forward and efficient
- Ancillary equipment, add-ons, etc.
- Stepped payments
- Escrow funding

- Flexible repayment terms
- Easy to purchase additional units
- 100% Financing – no down payment
- Deferred first payment
- Progress payments / partial acceptances
- Balloon payments