Continental offers flexible TRAC, Split TRAC, and Fair Market Value leasing options. Leasing allows Continental’s customers to acquire a significant asset without a down payment to conserve funds, keep their equipment up to date, and protect other critical credit sources. At the end of the lease, the customer may buy the equipment, upgrade to new equipment, extend the lease at a reduced rate, or return the vehicle and walk away.

Continental's products and services include:

• Financing and refinancing for new and used equipment
• Terms from 24 to 84 months
• Competitive fixed and floating rates
• Up to 100% financing
• Seasonal and skip payment structures
• Application only programs from $50,000 to $150,000
• Full package financing to $2,000,000

Look like a good fit?

TRAC stands for Terminal Rental Adjustment Clause. These types of transactions are also referred to as open-end leases because the ultimate obligation of the Lessee is not determined until the end of the lease term. A TRAC lease is a lease of motor vehicles where the Lessee is obligated to make up any shortfall, or receive any excess proceeds, upon a disposition of the equipment at the end of the lease term. At the outset of the transaction, the Lessor and Lessee agree on what is commonly referred to as the Residual Value. This amount is generally a prediction of the fair market value of the motor vehicles at the end of the term.

Sound like a good fit?

A Split TRAC Lease follows the same basic principles as the TRAC Lease except that the Lessee’s potential lease-end exposure is limited to a portion of the Residual Value. The Lessee’s end of term payment amount is sometimes referred to as the Lessee’s Guaranteed Residual Amount. A properly structured Split TRAC Lease will be treated as a true lease for GAAP and Federal Tax purposes.

Sound like a good fit?

A FMV lease offers a low monthly payment, is the most flexible lease structure, and may allow you some tax advantages. Technically, you don’t own the equipment (think of it like renting over a fixed period of time). The equipment may not be considered an asset on your balance sheet. Depending on the situation, up to 100% of the finance expense may be tax deductible. At the end of the lease term, you may purchase the equipment, return the equipment to the finance company, or continue to pay for use of the equipment according to the terms of the original agreement.

Benefits:

• Little or no upfront cost
• Lower monthly payments than $1 out purchase option leases
• 100% financing may be available
• Can return the equipment at the end of lease without further obligation
• May have significant tax and accounting benefits

Look like a good fit?

Our most popular Financing option

If you or your customer wants equipment ownership, the ability to build equity, and an avenue for depreciation - they should consider a loan. Basically a simple interest loan, with no prepayment penalties.

Retail financing (also known as debt financing) allows your customers to include the funding for related equipment and many of the other costs for placing equipment in service.

Most importantly, your customers will be putting their trust in a company whose interest lies in the success of their ownership experience, This is an excellent choice for new or used equipment.

You can choose from a long list of payment options: 

• Full payout loans
• Equal monthly payments
• Level principal payments
• accelerated payments
• Skip payments, to meet changing cash flow needs
• Balloon financing alternatives to preserve monthly cash flow

We also pride ourselves on custom funding solutions. Sound like what you're looking for? Apply and we'll get in touch.