TRACLease

In a TRACLease — similar to a fair market value lease, but specifically used for titled vehicles financed through our Commercial Vehicle Group — both PEAC Solutions and the customer agree on a terminal value. At the end of the lease, the customer must pay this terminal value or return equipment to PEAC Solutions for us to resell. If the vehicle sells for less than the terminal value, the customer must make up the difference. If it sells for more, the customer is paid the upside, minus whatever it cost for PEAC Solutions to market and resell the vehicle.