A Regents’ terminal rental adjustment clause lease (TRAC) combines all the advantages of leasing while retaining many of the upsides of ownership including the option to purchase the equipment at the end of the lease term. When your Regents’ TRAC Lease ends, you have the option to:
Purchase the equipment at the end of the lease term at a pre-determined residual agreed to when the lease starts, or
Opt to continue to lease the equipment at a reduced rate with payments based on the residual value amount, or
Simply return the equipment to Regents.