You need to grow your fleet, and Peterson Trucks is here to help. That's why we offer Navistar Capital, a competitive and flexible financing program with several options that tailor the new equipment purchasing process to your business model. With nearly 60 years in the transportation financing business, Navistar Capital has designed its program to make adding a new International truck to your fleet as quick and easy as possible.
Navistar Capital Financing options include:
Retail Finance Contracts |
Navistar's most popular financing choice, the retail finance contract, is built to pair new equipment ownership with the ability to build equity and provide an avenue for depreciation. A retail finance contract allows you to include in the cost of a new vehicle many of the costs associated with placing that vehicle in service, such as the cost of related equipment.
Fair Market Value (FMV) Leases |
For fleet owners that prefer maximum cash flow over ownership and depreciation benefits, the Fair Market Value (FMV) lease is an excellent option. An FMV allows you to negotiate a lease contract with a low monthly payment, and without worrying about the vehicle's residual value at the end of the lease term. When your lease expires, you have the option of purchasing the vehicle at Fair Market Value, renewing your contract at Fair Market Value Rental, or terminating the lease.
Terminal Rental Adjustment Clause (TRAC) Leases |
The TRAC lease is designed to maximize your cash flow by minimizing monthly lease payments. Because residual value at a TRAC lease's expiration is negotiated at the beginning of the lease, your monthly payment is based only on amount of the vehicle's value that you will use (i.e. the difference between the Fair Market Value at the lease's start and the residual value at the lease's end) instead of the vehicle's full value.
FMV Rebate Leases |
During a lease contract, monthly mileage can be difficult to calculate in advance. With an FMV rebate lease, you don't need to worry about this uncertainty. If you go over on miles, you can simply pay the agreed-on overage charge that is lower than the industry average. More importantly, if you you're under on miles, you'll receive a cash rebate for the difference!