 |
|
| |
Once you decide which trailer is right for your hauling needs, stay with Featherlite for your financing. Your participating Featherlite dealer can discuss attractive retail finance options available through GE Money or Featherlite Credit Corporation.
Retail Finance Program
Financing through Featherlite and GE Money offers you:
- Fast Credit Decisions
- Competitive Rates
- Flexible Payment Options
Financing available to qualified buyers at participating dealers in the U.S. and Canada only. Some restrictions apply. See your Featherlite dealer for full details and to apply. Call 800-800-1230 for your nearest Featherlite dealer or search here.
Own a new Featherlite horse, livestock, car, recreational, SURV or utility trailer today!
LitePay Finance Program
Featherlite Credit Corporation's new LitePay Finance Program offers 10-year (120 months) fixed rate financing on new living quarters and SURV trailers. With LitePay you get:
- 10 Year Fixed Rate!
- Lite Monthly Payments!
- Fast Credit Decisions!
If you have any questions about the LitePay Finance Program, contact Featherlite Credit Corporation at 888-584-0360 or your local Featherlite dealer.
Leasing
Featherlite Credit offers two types of lease programs, a TRAC Lease and a Fair Market Value Lease.
TRAC Lease:
The TRAC Lease is a lease with a fixed-price purchase option (called the Terminal Rental Adjustment Clause) at lease-end. The lessee has the option to purchase the trailer at the end of the lease for its Terminal Rental Adjustment (residual value). In the event the lessee does not elect to purchase the trailer for the Terminal Rental Adjustment at lease end, the lessee must sell the trailer and pay the proceeds to the lessor. If the proceeds from the sale are less than the Terminal Rental Adjustment, the lessee must pay the lessor the shortfall. If the proceeds exceed the Terminal Rental Adjustment, the lessee must pay the lessor the gross proceeds. The lessor will then pay the lessee the difference between the gross proceeds and the Terminal Rental Adjustment.
The TRAC Lease is a lease with a fixed-price purchase option (called the Terminal Rental Adjustment Clause) at lease-end. The lessee has the option to purchase the trailer at the end of the lease for its Terminal Rental Adjustment (residual value). In the event the lessee does not elect to purchase the trailer for the Terminal Rental Adjustment at lease end, the lessee must sell the trailer and pay the proceeds to the lessor. If the proceeds from the sale are less than the Terminal Rental Adjustment, the lessee must pay the lessor the shortfall. If the proceeds exceed the Terminal Rental Adjustment, the lessee must pay the lessor the gross proceeds. The lessor will then pay the lessee the difference between the gross proceeds and the Terminal Rental Adjustment.
The TRAC Lease program offers either a 10% or 20% Terminal Rental Adjustment (residual value). This type of lease is very similar to a loan with a balloon payment at the end. The lessee will make their regular lease payments during the lease term. At the end of the lease term, the lessee will be able to purchase the trailer for either 10% or 20% of the capitalized cost (depending upon which lease program the customer chooses).
Fair Market Value Lease:
With the Fair Market Value Lease, there is not a pre-determined residual buyout price. At the end of the lease term, the lessee has the option to either purchase the trailer for its Fair Market Value or return the trailer to Featherlite Credit.
The Lessee will have the lowest monthly payments with a Fair Market Value Lease, however at the end of the lease term they will not have any equity built up in the trailer. This type of lease is essentially a true lease option where the lessee is only renting the trailer for the specified term and building no equity in the trailer.
If you have any questions on lease programs or to get a custom payment quote on a new Featherlite trailer, please call Featherlite Credit at 888-584-0360.
|
|
|
|
