Elliott Financing

Financing to Move You Forward

Elliott is excited to team up with Wells Fargo to provide you with the solution you need to move your business forward. Whether you want to lease or buy we have you covered. Take advantage of low rates and Elliott’s outstanding value retention to get into a machine that will help your business be more efficient and give you the ability to grow.

With ‘Built For You’ financing packages, your new Elliott is a lot closer than ever before. Click below to get pre-approved today Wells Fargo Equipment and Vehicle Finance Application or contact your distributor to learn more about this exciting new program.


The term “TRAC lease” stands for terminal rental adjustment clause lease. This is a type of lease that is commonly used for vehicles and equipment.



No large down payment is required
In most states, there may be no initial outlay to cover sales tax. You get the equipment you need for a fixed monthly payment that can be significantly lower than the payment available on equipment loans or other lease agreements.
Will not tie up your credit line(s)
You can continue to use those to grow your business.
Option to Buy
With this type of lease, you will have the option to purchase the equipment after you complete your lease agreement. If you find a piece of equipment that you really like, you can hang onto it. If you want a different piece of equipment after the lease is over, you also have that flexibility.
Predetermined Price
The residual sales price will be determined before you agree to the lease. So when the lease is over, the price on the equipment does not have to be negotiated. Fixed residuals will help to plan “trade cycles”.
Payment Flexibility
With a TRAC lease, you can choose a lower residual at the end of the lease which results in a higher monthly payment OR choose to get a lower monthly payment and agree to a higher residual at the end of the lease term.
*For balance sheet purposes, a TRAC lease is not considered an off-balance sheet lease


With a Fair Market Value Lease, you will generally enjoy lower monthly payments compared to other kinds of leases. That gives you greater financial flexibility over the course of the lease.


Tax benefits
Because the asset you’re leasing does not become a long-term liability, you avoid taxation for that. Since the equipment is not recorded as an asset, all your lease payments are 100% tax deductible. Leasing provides a method whereby a company can benefit from using new equipment without triggering the Alternative Minimum Tax (AMT) penalty.
No Obligation at the End of the Lease
You have no obligation to purchase equipment at the end of the lease. You have the option to negotiate the fair market value at the end of the term and make the purchase outright, or you can simply walk away with no further obligation.
Low Up-Front Costs
Because fair market value leases require minimal upfront costs, you’ll incur just your monthly payment expense. With this type of lease, there is no large payment before, during or after the term.
Keep Your Fleet Fresh
With an FMV lease, you can control your costs, by locking in a payment and warranty that will give you a predictable payment for the term you decide. At the end, you just turn in the equipment and can start again. This ensures you run the latest equipment with a stable payment you can rely on.
Hedge Against Inflation
In an inflationary economic environment, your future payments will be paid with inflated dollars.
*Fair market value may remain high and may not be an attractive option at the end of the term. No “equity” accrues on leased equipment


Purchasing equipment through a loan instead of a lease might be the right financial decision for your business. For example, if the equipment is expected to have a long productive life and can operate without needing a replacement or upgrade then purchasing by using a loan might be the best solution.

By choosing a loan, your company can have the ability to utilize the purchased equipment right away, while spreading loan payments over the life of the asset. You can generate income from the equipment, gain equity, and have an opportunity to pay the loan off sooner.


Increased Business Asset Book Value
The outright purchase of equipment and machinery through a loan can be a boost to the asset holdings of your company. This can be beneficial to your overall business strategy if there is a low obsolescence factor in the equipment your work requires.
Tax Benefits
There are two ways using a loan to purchase the equipment and machinery your business needs can be beneficial at tax time. For instance, the IRS allows for a deduction of the loan payment interest to be deducted. You may also deduct depreciation according to the IRS depreciation schedule.
Fixed Rate Throughout Term
A fixed rate loan with set terms helps you better manage your assets and liabilities and know your future cash flow requirements over an agreed amount of time with no surprises.
Match Assets and Liabilities
By having a separate loan behind your equipment purchase, you can free up your credit lines for shorter-term needs.
Improve Your Credit
Loans improve credit ratings with timely payments and a successful completion of the loan. Plus, with a high credit rating, your business has buying power for future expenditures that might have previously been out of reach.
Whatever method of financing you choose, Elliott is here to help you. Call us, contact your Elliott distributor or click Wells Fargo Equipment and Vehicle Finance Application to get started.

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