Business Operators

Funding The Equipment You Need For Tomorrow — Today

We’ve tailored our financing solutions specifically to your need, whether you are looking for a lease or loan, we have the product for you.  We deliver greater value, pricing, and customer satisfaction than the competition.

We’ve been financing transportation equipment since 1952. We’re confident our industry-specific financing products will help you take the next step to expand your fleet, or upgrade your equipment.  Our knowledgeable staff can assist you in assessing your need and seasonality of your business so the product you choose will fit perfectly with your cash flow and give you the resources you need in order to be successful.

Products

Retail Loan

This is a simple-interest, fixed payment program that locks in an interest rate. Customers can rely on a stable monthly payment for the term of the loan and own the vehicle outright at payoff.

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TRAC Lease

Our Terminal Rental Adjustment Clause (TRAC) lease allows customers to establish the residual value of the vehicle at the beginning of the term. At lease end, customers may purchase the truck for its pre-determined TRAC value or return it to ECF. If returned, and the equipment exceeds the pre-determined residual value, ECF will return the net proceeds to the customer. If the value is less, the customer is responsible for the difference. TRAC leases usually offer lower payments than retail finance structures and may have tax benefits as well.

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Fair Market Value (FMV) Lease

The FMV lease is one of our most flexible finance products. At the end of the lease term, customers have the option to purchase the equipment for its current Fair Market Value (plus other amounts or fees that may be due under the lease) or simply return the equipment, subject to inspection and certain return conditions and usage restrictions. It typically requires a lower initial cash outlay and lower monthly payments than through a traditional loan.

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Operating Lease

The Operating lease gives the customer the benefits of financing product without taking ownership but recording the accounting benefits related to the lease payments. At the end of the lease term the customer can exercise options related to ownership or simply return the equipment, subject to inspection and certain return conditions and usage restrictions. It typically requires a lower initial cash outlay and lower monthly payments than most other financing options.

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Capital Lease

The Capital lease also know as a Finance lease gives the customer the benefits of financing products with the accounting benefits related to the lease payments. At the end of the lease term, customer can exercise options related to ownership or simply return the equipment, subject to inspection and certain return conditions and usage restrictions.

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Dollar Out Lease

The Dollar Out lease is a popular Finance lease structure which gives the benefits of financing products with the account benefits related to the lease payments. At the end of the lease term, the ownership of the equipment transfers to the customer for the pre-determined price of $1.00.

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