Truck Leasing
Trucks & Parts is your one-stop shop for the best truck leasing and truck financing programs for both new and used vocational trucks and equipment.
Graduated Payment Program
The HI/LO program is a great program for new or used equipment. You pay larger payments for the equipment in the first 24 months - then, the payments are reduced. Payments drop each year until the end of the term.
Assume you have won a contract and need equipment for the contract term of two years. With this program, we calculate the larger payments while you are working the contract. After the two years are up, if the contract is not renewed, you will have paid down a large amount of principal.
Thus, if you sell the equipment, you should get your money back on the sale as the payoff will be less than the resale value.
If the contract is renewed, you have a smaller monthly payment at a time when maintenance will start to increase as the equipment gets older.
To learn more, complete our credit application or contact our sales representative.
You may also wish to review alternate truck financing options, such as 90 Day Delayed Payment, Skip Payment Plan, Equipment Financing and other programs.
