TRAC Lease vs EFA
TRAC Lease vs. EFA: Find the Right Financing for Your Truck
Get the capital you need to grow your business
Whether you're expanding your fleet or replacing older vehicles, our equipment financing solutions provide the support you need to drive your business forward.
Benefits of EFA:
- The borrower owns the equipment
- Ability to write off depreciation on equipment
- No residule at end of term
- Build commercial credit
- Builds equity over time
- Full ownership of the equipment after the loan is paid off
Benefits of TRAC Lease:
- No ownership until end-of-term purchase
- Improve monthly cashflow with lower payments
- Upgrade equipment every few years
- Pay sales tax monthly instead of upfront
- Ability to write off the monthly payments
- Avoids tying up credit lines
- Keep or trade in equipment at end of term
*Larger loans may require borrower to provide additional documents, such as financial records, etc.
Maximize Purchasing Power
Save time and hassle by getting pre-qualified before you shop. Know what you can afford and find the best equipment to fit your needs.
Buy Anywhere
We finance new and used commercial trucks and trailers. Get pre-qualified and buy out-of-state or local, from a dealer or private party.
Finance Direct
Skip the bank and work directly with a seasoned transportation lender. We'll help you explore all your options and make the best decision.
State Programs Available
We can help determine if you're eligible for grants and other state programs, and provide valuable insights on regulation compliance.
Apply today and let us help you grow your business!
Crossroads is focused on the transportation industry, and we understand your unique challenges. When you choose Crossroads, you can be confident you're partnering with an expert team that will find the right financing solutions for your business.