Meaning TRAC Lease
What does TRAC Lease mean? Here you find 2 meanings of the word TRAC Lease. You can also add a definition of TRAC Lease yourself
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TRAC LeaseA lease that contains a special provision called a "terminal rental adjustment clause." TRAC leases apply to motor vehicles (including trailers) used more than 50 percent of the time in the [..]
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TRAC LeaseLease which is tax oriented and used exclusively for titled motor vehicles. TRAC derives its name from a clause in the contract: Terminal Rental Adjustment Clause. This clause adjusts the residual val [..]
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