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    Buy (bank financing) vs Lease (TRAC or walk-away)

    Lease vs Buy a Semi-Truck: the cash-flow vs equity tradeoff

    TRAC leases, walk-away leases, bank financing and lease-purchase from the carrier — what each path actually costs over five years.

    Updated April 18, 2026
    The verdict
    Buy if you’ll keep the truck. Lease for predictable cash flow.

    Across 5 years, buying a $160k truck through bank financing produces ~$78k of equity. A 3-year TRAC lease with buyout produces ~$22k. A walk-away lease produces $0. The "best" option depends on whether you optimize for monthly cash flow (lease wins) or long-term net worth (buy wins).

    Side-by-side breakdown
    ● indicates the winner on that row
    Параметр Buy (60-month bank loan) Lease (36-month TRAC)
    Down payment / first/last 10–20% down $0–5k
    Monthly payment ($160k truck) ~$3,050 ~$2,850
    Term 60 months 36 months
    Ownership at end Yes — full title Buyout option (~$45k)
    Equity built (5 yr) ~$78,000 ~$22,000 if buyout
    Mileage caps None Often 110–125k/yr
    Tax treatment Section 179 + interest deduction Lease payment fully deductible
    Best for Long-term ownership Cash-flow predictability

    Pros & cons

    Option A

    Buy with bank financing

    • You build equity every month
    • No mileage restrictions
    • Section 179 + bonus depreciation in year 1
    • Free to modify, lease out, or sell anytime
    • Lower total cost across 5+ year horizon
    • Larger down payment required
    • You absorb depreciation risk
    • Major repair risk after warranty expires
    Option B

    Lease (TRAC / walk-away)

    • Lowest cash needed to start
    • Predictable monthly cost — easier budgeting
    • Full lease payment is tax-deductible
    • Easy fleet refresh every 3 years
    • No equity unless you exercise buyout
    • Mileage and condition penalties
    • Walk-away leases are extremely expensive long-term
    • Lease-purchase from carriers often has predatory terms
    Monthly cash outlay comparison
    $160k truck — 60-mo finance vs. 36-mo TRAC lease
    • Bank finance (5y)
    • TRAC lease (3y)

    Источник: Brobas Capital underwriting
    Equity built after 5 years
    Estimated truck value minus loan / residual balance

    Источник: Brobas Capital — J.D. Power residuals applied
    Run the numbers yourself

    Frequently Asked Questions

    For most owner-operators planning to stay in business 4+ years, buying through a bank loan produces more wealth. Leasing makes sense if you want a 3-year refresh cycle or have constrained cash but strong revenue.

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