Leasing

You can choose a full-service lease, in which GATX Rail North America services the cars for most maintenance and regulatory compliance activities and your service team coordinates railcar shopping events. Or, you can choose a triple-net lease if you’d rather handle maintenance and compliance on your own.

Most GATX Rail North America operating leases are “fixed rate”—as long as you don’t exceed your mileage allowance or incur any maintenance not covered by your full-service lease, you’ll pay the same fixed amount every month. Some leases, however, are “utilization-based” and payments are made by the hour, mile, trip, or other measure. Not all utilization-based lease structures are available in all situations; your GATX Rail North America Account Manager can discuss which structures are available for you.

Triple-net leases of locomotives are very similar to triple-net leases of railcars. If you want a maintenance-inclusive lease, however, the terms of a “contract maintenance lease” of a locomotive are generally different from a “full-service lease” of a railcar. Talk to your GATX Rail North America Account Manager if you are interested in a contract maintenance lease of a locomotive.