Nissan Motor Acceptance Corporation, or NMAC, is the automotive financing arm of Nissan that offers financing assistance for Nissan vehicle leases and purchases. NMAC provides a range of flexible financing programs -- including TRAC Leasing -- that are helpful for businesses just like yours.
TRAC stands for 'Terminal Rental Adjustment Clause' Leasing and it is a preferred automotive financing solution for business owners. A TRAC Lease is designed for vehicles that spend more than 50% of the time in the business or trade of the Lessee (customer).
TRAC Leases are a unique version of the FMV lease, where the risk and reward of ownership are transferred to the Lessee through the TRAC provision. Every TRAC Lease has a preset residual value, which virtually eliminates the Lessee’s exposure to the Fair Market Value settlement at the end of the lease.
When you secure a TRAC Lease for your business' next fleet vehicle, seasonal terms and tax affected payment rates are available. Plus, any taxes, as well as optional vehicle up fits and the cost of accessory installation, can be built into the cost of the lease.
TRAC Leases are often treated as off-balance-sheet financing, which means this style of a lease is generally considered a 100% tax-deductible operating expense, not a capital expense.
Consider an NMAC TRAC Lease from Ken Ganley Nissan Commercial and Fleet in Medina, OH, where:
Ken Ganley Nissan Commercial and Fleet proudly caters to businesses of all types in Medina and nearby Cleveland and Akron, OH. We welcome you to contact our commercial vehicles account managers or visit us to learn more about your TRAC Lease options for fleet vehicles.