Truck Power Leasing
TAP Truck Power Leasing Program
The TAP program has been offering truck leasing to owner-operators for many years. We know that success is measured by your bottom line and we’re positioned to help you manage your biggest asset.
There are many advantages with the TAP Leasing Program, including:
Lower Initial Down Payments
Expect 10% to 20% for conventional financing
Lower Monthly Payments
When compared to conventional financing
Tax Deductions
Lease payments are tax deductible
End-of-lease Options
Obsolescence protection, Trade-in, Turn-In, payoff, etc.
TAP Program Benefits
This semi truck leasing deal was designed for the Owner-Operator and it offers the following advantages:
- Lower Down Payments
- New truck warranties on all major components
- Managed maintenance to keep your repair costs down
- Quick credit approval
- Convenient weekly carrier deductions
- Two-week grace period before lease payments begin
- Multiple end-of-lease options
- Reduced asset risk
- New and Used Truck Options
Inventory
TAP Program Truck Inventory
Standard Specifications Include:
- Detroit Engine, DD15
- ParkSmart APU (not available on Heavy Haul)
- DT12 Automatic
- Detroit Assurance
- Detroit Assist
- Premium Interior
- Drivers Lounge
- 5 yr/500K Warranty
Package Options:*
- APU
- Grille Guard
- Manual Transmission
CASCADIA – Van or Flat Spec
48 Month Lease | As Low As $7500 Down
WESTERN STAR 49X – Flat Spec
48 Month Lease | As Low As $12,500 Down
USED – Van or Flat
24-36 Month Lease | As Low As $3,500 Down
HEAVY HAUL
48-60 Month Lease | As Low As $17,500 Down
36-48 Months | As Low As $17,500 Down
Maintenance
Truck Power Leasing is ready to assist you in reducing your semi truck maintenance costs.
We review your warranties with you and assist you in maximizing the benefits of your warranty. Truck maintenance schedules are provided to ensure that your preventive maintenance is performed to allow maximum life cycle and minimum repair costs. Truck Power Leasing will partner with you to get the best service at the best price.
Our Truck Power Leasing Team will partner with you to:
- Assist you in locating a dealership to perform your semi truck maintenance.
- Work with the dealership’s team to get you the best price for maintenance repairs and manage the diagnostic time to minimize your downtime.
- Monitor your warranty plans to ensure that if repair needs are under warranty coverage, that they are treated as such.
At Truck Power Leasing, we take our commitment seriously by leveraging our expertise so you can put more dollars on your bottom line and get back on the road and back to work. And with years of experience in leasing and semi truck maintenance, you will get the best service. Every call. Every time.
Interested in Truck Power Leasing Options?
To see if you qualify, submit a credit application today!
Frequently Asked Questions
When Does It Make Sense to Lease a Truck Instead of Buy?
To begin, ask yourself: are you planning to stay with your current carrier until the truck is paid off?
If your answer is NO, the you should consider being a company driver or you should try to buy the truck yourself so you can move the truck to another carrier, if needed.*
If the answer is YES, then semi truck leasing could be a good choice for you. It allows you to preserve cash reserves, gives you the ability to upgrade into a new truck more frequently, and this option also places the risk of obsolescence and declining truck values on the Lessor.
* Driver will need to have a 10 to 20 percent deposit for bank financing, a FICO credit score that exceeds 650 as well as other criteria specific to the lender (past truck purchase, etc).
Is a Deposit Required for Semi Truck Leasing?
Yes. Deposits can vary depending on the program, the age & value of your truck & your credit situation. However, lease deposits are often more affordable than the down-payments needed to buy a truck.
How Are Semi Truck Leasing Repairs and Maintenance Handled?
Your lease will require a maintenance contribution based on your mileage (cost per mile). Truck Power Leasing is positioned to assist you in controlling your maintenance & repair costs. We understand the repair process and our focus is to improve your efficiencies. That’s why we focus on warranty and standard repair times as well as keeping diagnostic time and downtime to a minimum.
How Are Settlements Handled?
All semi truck leasing payments will be deducted from your carrier settlements. A two week grace period is granted before the first Lease payment is made however; however maintenance deductions begin the first week of the lease.
Will the Truck Belong to Me at the End Of The Semi Truck Leasing Contract?
That is up to you! There are several “end-of-lease” options, including:
- Walk Away: You will not own the truck, however, all maintenance funds remaining after the truck is brought to “trade terms” will be paid to you after 45 days. PLEASE NOTE: If you terminate prior to the last day of the lease, you will forfeit all maintenance dollars.
- Pay-Off: You can arrange to pay the residual amount due at the end of the contract and you will receive the title of your truck.
- Trade-In: Most of our lessees find it beneficial to replace their truck at this point. We determine the market value for your truck and we get you into a new truck complete with new warranties, new technologies, and better fuel economy.
Contact the TAP Leasing Team
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