Tri-State Truck Center now offers flexible financing options for semi trucks! We work with an assortment of lenders and bankers, who have a wide variety of experience in both financing and leasing fleet equipment. Some of the brands we work with include International, Mack, and Volvo.
Tri-State Truck Center’s goal is to provide custom financing solutions that are tailored to match your individual, fleet, or private business needs. These needs can range from semi-truck leasing to commercial truck leasing. Whatever the commitment, we can help!
What are Tri-State Truck Center’s Financing Options?
First, let’s look at what a financing option is. A financing option is defined as a contract that gives the individual the right to buy a specific asset for a fixed price and term. With Tri-State Truck Center, we are able to offer our customers a variety of financing options such as loan contracts and TRAC/FMV leasing structures.
A TRAC or Terminal Rental Adjustment Clause lease is a tax-oriented lease of qualified motor vehicles and trailers and is used when the lessee, and in this case, Tri-State Truck Center, agree upon an estimated residual value or the TRAC amount. This amount is the dollar value that the individual or lessee must pay at the end of the lease to Tri-State Truck Center to fully purchase the equipment. Typically, the TRAC amount is paid every month; the higher an individual’s residual is, the lower the monthly payment is and vice versa. In regards to this type of lease, there can be some flexibility in the length of the term. Additionally, the structure of a TRAC lease can be beneficial to the lessee by helping them manage their cash flow.
A FMV or Fair Market Value lease allows the individual (or lessee) to use the fleet equipment for a prearranged amount of time for a fixed monthly, annual, or seasonal payment. Once the lease has ended, the lessee has the option to either purchase the truck at its current FMV, return the truck, or upgrade to a newer truck. This type of lease is one of the most common types of leases and is usually the most affordable. A FMV lease typically lasts from 12 to 60 months.
What are Tri-State Truck Center’s Financing Services?
At Tri-State Truck Center, we offer a broad range of financial services such as banking, investing, and insurance. We believe in getting services done quickly and efficiently, while allowing you to be flexible with your finances. Whether you are paying for an engine overhaul or brake repair, Tri-State Truck Center’s financing options and services can help you get back on the road without worrying about breaking the bank.
Tri-State Truck’s Financing & Leasing Benefits
Tri-State offers many benefits for both semi-truck leasing and commercial truck leasing. First, leasing is beneficial as it provides the lessee an approximate transportation cost. Also, the lessee does not have to worry about certain issues such as technology and EPA improvements as well as new mechanics and tools for maintenance. Second, an individual or business who leases a semi or commercial truck can avoid depreciation. Third, our leases do not require large down payments; this gives the lessee greater financial flexibility. Fourth, our operating leases and rentals are not recorded on financial statements and balance sheets. With this being said, it provides the lessee with more room for financial flexibility. Additionally, depending on the number of years and the residual values, each of our leases gives the individual or company a broader range of monthly payments. Lastly, semi-truck leasing and commercial truck leasing allows companies to focus more on the core of their business.
How Can Tri-State Truck Center Assist Your Leasing and Financing Needs?
Tri-State Truck Center would love to assist you with your semi-truck leasing or commercial truck leasing needs! Founded in 1945, Tri-State’s nine Mid-Southern family-owned dealerships provide complete truck sales and leasing services, as well as body shop and parts services. We also carry these popular semi-truck and commercial brands: International, Mack, and Volvo. Additionally, Tri-State takes pride in our core values of people, service, and excellence. We strive to provide a professional and safe environment for all of our employees and customers. At Tri-State, we are committed to improving the quality of our services to meet the changing needs of our customers and also work hard to maintain long-term financial success by providing the highest quality services and products.
Interested in learning more about our leasing and financing needs, contact us here!
Tri-State Truck Center Locations:
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Jonesboro, AR
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Little Rock, AR
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Greenwood, MS (Leasing)
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Indianola, MS (Leasing)
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Jackson, MS
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Meridian, MS
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Tupelo, MS
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Joplin, MO
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Springfield, MO
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Jackson, TN
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Memphis, TN
We look forward to working with you and assisting you in building your trucking business!