At TEL, we offer a variety of financing solutions, including operating leases, finance leases, and specialized leaseback options. Leasing gives you the flexibility to upgrade to new fleet equipment technology, enhancing efficiency, safety, and uptime. It also delivers cash savings and lowers long-term costs, helping you achieve your key financial goals.
Which option is right for you? Here’s our overview of the equipment leasing options offered by TEL:
Operating Leases
TEL operating leases offer an excellent way to expand your business without the responsibility of asset ownership.
FMV Lease (Fair Market Value Lease)
FMV Lease w/ EBO (Early Buyout Option)
TRAC Lease
Split-TRAC Lease
Finance Leases
TEL’s finance lease options help you save cash for other areas of your business such as expansion, customer service, and R&D. Our finance leases help ensure your business is maximizing your cash reserves and help ensure you have the flexibility to adapt to changing markets and business conditions.
$1 Buyout Lease (Capital Lease)
EFA (Equipment Finance Agreement)
Lease Terms
Whether you’re seeking an operating or finance lease, TEL offers lease terms ranging from 36 to 96 months, depending on the asset’s useful life and the customer’s credit profile.
We offer fixed rates with loan terms ranging from 36-96 months.
Borrower holds legal title to the equipment.
Allows the borrowers/owners to claim a tax deduction for a portion of the loan payment as interest and for depreciation which is tied to IRS depreciation schedules.
Other Financing
We offer customized finance options outside of standard leases and loans to provide you with even more solutions.
Sale Leaseback “Buyback Lease”
Progress Payments (Progress payment financing provides additional coverage from the issuance of a purchase order to the delivery and acceptance of equipment, making it ideal for equipment with upfitting or long lead times.)