Nissan's TRAC Lease a Huge Hit with Businesses

When I mention leasing an NV Cargo Van to most people customers their eyes glaze over and I can tell they have no interest in what I'm saying. But here's a fact, the Nissan TRAC lease offers businesses a unique financing opportunity that is gaining popularity and has great tax benefits. Here's how a TRAC lease works.

A TRAC lease, also known as an Operating Lease, gives you the business owner the opportunity to write-off the monthly lease payment as an operating expense which helps with cash flow. The TRAC lease has no mileage or wear-and-tear clauses. You may drive your NV Cargo Van a million miles during the term without paying a mileage penalty. It offers several terms (months of financing) and multiple residuals per term. This allows you to customize your monthly payments to fit your budget and needs. The best part of a TRAC lease is that there is virtually no money down. The only amount you need to put down is the first monthly payment including the sales tax.

What happens at the end of the TRAC lease you ask? There are several options. You can either write a check for the residual amount and own the vehicle, finance the residual amount or simply return the vehicle and start all over again. One important note to take is that when the lease term is over you will owe the difference (if any) between the residual amount and the price that the vehicle sells for at auction. For example, if the residual amount is $7,500 and the vehicle sells at auction for $6,000 you will owe the $1,500 difference. If the same vehicle sells for $8,500 you will receive the difference back to you. Don't let the fact that you may owe money at the end scare you. If you drive your Nissan NV Cargo Van under a standard lease 30,000 miles a year for three years you will have a $6,750 over-mileage bill due at the end of the lease. The TRAC lease really is a win-win for companies looking to have an NV Cargo Van for a low monthly payment with a low upfront cost.

Right now Nissan of Vacaville has an NV Cargo Van TRAC lease special for $379 per month plus taxes. Please visit our website to view the vehicle specifications and contact me, Scott Foy at 707-455-4541 for more information.