Financing for Commercial Vehicles with Westlake Fleet

Westlake Fleet - Special Financing for Commercial Vehicles

Grow your Commercial vehicle fleet with a TRAC lease line of credit from Westlake Fleet

To get started, please fill out the form below as well as the attached credit and business applications. A Westlake Fleet employee will get back to you within 48 business hours.

Upon qualification, our team will provide the next steps to provide the documents required to complete the application.

Contact Information (Must be Business owner)

Business Information

You understand that by checking the box immediately following this notice you are providing 'written instructions' to Westlake Fleet under the Fair Credit Reporting Act authorizing Westlake Fleet to obtain information from your personal credit profile or other information from Experian. You authorize Westlake Fleet to obtain such information solely to prequalify you for credit.

Questions before you apply?
Email us at [email protected] or give us a call at 1-888-744-6144

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How it works

As your company grows, so does your fleet requirements.

Westlake Fleet offers flexible, Open-end Terminal Rental Adjustment Clause (TRAC) lease options for fleet cars, trucks and equipment that can be customized to meet your company goals.

Apply for a TRAC lease line of credit of up to $10,000,000 at competitive rates. To be eligible you need to have operated as a business for at least 12 months and have at least four active vehicles in your current fleet.

TRAC Lease Terms

Get up to $1,000,000 total line of credit (max $100k per car)
Terms: Used Cars = up to 48 months, New Cars: up to 60 months
Vehicles can be added as a TRAC Lease, or, in some cases, a commercial retail installment contract

Required Informations & Documents

As part of your TRAC lease application, we’ll need the following information as well as your personal guarantee:

Earnings: 1 year
Vehicle Utilization: Minimum 1 year
Tax Returns: Most recent
P & L Statements: Most recent

What's a TRAC Lease? A TRAC lease is a specialized lease used primarily for automobiles and light-duty trucks that allows adjustments to its terms. With a TRAC lease, a business owner can acquire a vehicle for a fixed length of time and has the option to buy it at the conclusion of the lease at an agreed-upon price. While the lease is active, the payments, term length, and residuals can be adjusted.

Program Requirements

Minimum 640 FICO Score
Minimum of 1 year as a registered business (LLC, S-Corp, etc.)
Minimum Fleet Growth: 5 vehicles over a 6-month period
Max Vehicle Price: $300,000
Min Vehicle Price: $30,000
Max Vehicle Age: 4 Years
Max Vehicle Mileage: 50,000
30-48 month terms
Vehicle must be purchased from an Auto Dealer

Expand your portfolio: Add new vehicles to your portfolio and watch your business expand to new heights.

What are you waiting for?

Scale your business with a TRAC lease line of credit today!

Questions before you apply?
Email us at [email protected] or give us a call at 1-888-744-6144