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TRAC LEASEA lease on vehicles intended for commercial use more than 50% of the time. You have the option of buying the leased vehicles at a predetermined price when the lease term expires. Trans Lease retains the depreciation benefits and passes the tax savings along to you in the form of lower lease payments. Lease payments are fully tax deductible by the lessee. INSTALLMENT LEASEA lease in which there is a fixed purchase option at the end of the lease term. The ownership and tax benefit pass to you immediately upon execution of the lease documents. You will take the depreciation benefits from the lease. Typically there is no residual amount due at the end of the lease and you will own the unit at the end of the lease term.LOAN AND SECURITY AGREEMENTAn agreement in which Trans Lease finances your purchase of equipment on a fixed rate basis. Ownership of the asset is yours throughout the life of the loan with Trans Lease recorded as the first lien holder on the title. Interest and depreciation are expensed by you, and upon the completion of payments the equipment is considered paid in full. A down payment is common for loans and is determined by a combination of equipment type, term, and credit worthiness.MODIFIED TRAC LEASEVery similar to the TRAC lease, the Modified TRAC also provides a residual as well as offers you ownership opportunities at lease end. The Modified TRAC lease generally qualifies for true off-balance sheet treatment. FMV LEASEA lease on any vehicle or equipment that provides no fixed purchase option at the end of the lease term, other than the Fair Market Value (FMV). Fair Market Value is the value of a piece of equipment if the equipment were to be sold in a transaction determined at arm’s length, between a willing buyer and a willing seller, for equivalent property and under similar terms and conditions. Ownership of the equipment is retained by Trans Lease. Mileage caps may apply.FINANCE PROGRAMSJASON MITCHELL | 303.301.7684 | JMITCHELL@TRANSLEASEINC.COMFINANCING THE WORLD OF TRANSPORTATIONTRACTerm: 60 monthsPayment: $11,150 + taxResidual: $202,500 residualDeposit: $33,750 + $595 doc feeTERM OPTIONSLOANTerm: 60 monthsPayment: $13,175Down Paymwnt: $33,750Doc Fee: $595 upfront