The Truck Leasing Experts -- Our 22nd Year!
Commercial Vehicles - New & Used
Truck Leasing
Utility Vehicle Leasing
First Capital has a variety of
truck and commercial vehicle lease plans. Most of our truck leasing
programs are "lease to own," allowing you to purchase the truck for
$1, OR to return the truck with no additional payments due, OR to purchase the
truck for its fair market value at lease end.
Note: We do not offer short-term (less than 12 months), or month-to-month truck
leases/rentals, or programs for over-the-road, owner-operators.
Key Program Benefit: Local Sales, Local Service
First Capital provides lease to own financing for just about any truck or commercial vehicle that meets your business' needs, from the dealer/seller of your choice, in the location of your choice, and at the price that you are quoted from your dealer/seller. Our lease to own quote will be based on the truck cost that you provide to us.
To Receive a Truck Lease Quote NOW...
All you need for a quote is the dealer's price, make, model, year & approx. mileage. To get a Quick Quote NOW!
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Box Truck |
Cargo Truck | Mini Vans |
| Tractors & Power Units* | Step Vans | Trailers* |
| Propane Trucks | Fuel Oil Delivery Trucks | Passenger Vans |
| Bucket Trucks | Cargo Vans, Cube Vans | Tow Trucks / Wreckers |
| Cube Vans | Flatbed | Municipal Transit Buses |
| Aerial Platforms | Ambulance | Digger Derrick |
| Limousines | Pick-Ups | Automobiles (comm. use only) |
| Construction | Dump Trucks | Car Carriers |
| Refrigerated / Reefer* | Buses & School Buses | Mini-Vans |
| Para Transit | Day Care Buses | Handicapped ADA Vans |
| Sewer | Vacuum | Cranes |
| Fire & Rescue [MORE] | Concrete Pumps | Water |
| GMC, Isuzu, Mitsubishi, Volvo*, Peterbilt*,Kenworth*, Freightliner*, Mack* | ||
| Ford F150, F250, F350, F450, F550, F650 | ||
Traditional Truck & Commercial Vehicle Lease Options
We offer three basic types of leases:
Finance Lease ($1 Buyout) The "No-Restrictions Truck Lease" with the following benefits:
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UNLIMITED MILEAGE! |
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No end-of-lease "wear & tear" or conditions, clauses or restrictions. |
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NO RESIDUALS (Nominal purchase option -- $1) |
| New or Used Vehicles -- No Problem! |
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Install any equipment, paint, decal and/or modify vehicle as necessary. |
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Purchase from ANY dealer. |
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ONE PAGE APPLICATION to $75,000. |
Fair Market Value (FMV) truck lease.
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Lower, fixed monthly truck lease payments |
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100% Tax Deductible as an operating expense (consult your tax profession) |
| Return the truck at the conclusion of the lease, OR purchase the truck for its Fair Market Value, OR continue to lease the truck. |
The TRAC Lease - A Special Case
The TRAC (Terminal Rental Adjustment Clause) lease is a special type of FMV truck lease specifically for rolling stock and commercial vehicles. A TRAC lease permits an adjustment in the rental (lease) rate, to be calculated upfront (unlike a traditional FMV lease), based on the amount expected to be realized by the lessor upon sale of the leased vehicle (i.e. through a higher residual), which in turn allows for:
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The LOWEST monthly truck lease payments. |
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100% Tax deductibility (consult your tax profession) |
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Highest Truck Residuals -- Up to 30% on new vehicles |
A TRAC lease allows for:
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Pre-determined end-of-lease truck valuations. |
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Lower payments than equivalent conventional truck leases or loans. |
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100% truck financing |
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Minimizes AMT (Alternative Minimum Tax) ramifications as the lessor retains all depreciation, while passing on the lowest possible lease payments to the lessee. |
This type of truck lease is a unique variation of the FMV lease in that the risk and reward of ownership is transferred to the lessee via the "terminal rental adjustment clause" at lease inception. This lease is generally treated as a 100% tax-deductible operating expense, not a capital acquisition. When the truck is returned, the lessee will be entitle to any sale value realized in excess of the projected residual value of the truck and similarly responsible for any shortfall below the projected residual value of the truck. (Such residual "predeterminations" would automatically invalidate a regular FMV lease)
* NOTE: We do not have truck lease programs for over-the-road, "owner operators" of less than 5 power units, nor de we offer short-term truck rentals/leases, or personal-use automobile leasing.
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