OPTION | EXPLANATION |
FINANCING |
Available from NMAC, FINANCING might require a down payment, as well as monthly payments to pay the balance over the loan term. |
SIGNATURE LEASE |
Available from NMAC, the SIGNATURE LEASE is a close-ended, walk-away lease. |
TRAC LEASE |
Available from NMAC, the Terminal Rental Adjustment Clause (TRAC) LEASE is an open-ended lease with the option to buy at lease term end. |
COMPARE: MONTHLY PAYMENT
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FINANCING | The monthly interest payment may be tax deductible as a business expense.[*] |
SIGNATURE LEASE | The monthly payment, which pays only a portion of a vehicle's cost over the lease term, is deductible as an operating expense.[*] |
TRAC LEASE | The monthly payment may potentially be deducted as an operating expense.[*] |
COMPARE: DEPRECIATION
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FINANCING | Depreciation may be deductible for tax purposes.[*] |
SIGNATURE LEASE | The vehicle price and residual[*] value at end of lease term determines the monthly payment amount. |
TRAC LEASE | The vehicle price and residual value at end of lease term determines the monthly payment amount. |
COMPARE: PAYOFF
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FINANCING | You own the vehicle outright and can continue to use it or sell it. |
SIGNATURE LEASE | You can return the vehicle for disposition.[*] |
TRAC LEASE |
* Trade in the vehicle * Return the vehicle for disposition * Finance the residual amount to purchase the vehicle [*] |
COMPARE: MILEAGE
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FINANCING | You can drive as many miles as you want. |
SIGNATURE LEASE |
* You can drive up to 15,000 miles per year or 1,250 miles per month. * You are responsible for excessive mileage. |
TRAC LEASE | You can drive as many miles as you want. |
COMPARE: WEAR & USE
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FINANCING |
* No charges for vehicle wear and use, because you own it. * Excessive wear will lower the vehicle's trade-in or resale value.[*] |
SIGNATURE LEASE |
* A normal amount of wear and use is covered. * You are responsible for excessive wear. * Excessive wear will lower the vehicle's trade-in or resale value.[*] |
TRAC LEASE |
* No charges for vehicle wear and use. * TRAC Leases have no wear-and-tear clauses. * Excessive wear will lower the vehicle's trade-in or resale value.[*] |
COMPARE: OTHER BENEFITS
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FINANCING |
* Customize with accessories and special equipment. * Use it in a way that would disqualify the vehicle for a lease. |
SIGNATURE LEASE |
* Help avoid repair costs with a vehicle that is always under a limited warranty. * Potentially pay lower total cost of ownership. * Get flexible terms to match requirements of fleet management policies. |
TRAC LEASE |
* Take advantage of multiple terms and residuals per term. * Customize your monthly payments to fit your budget needs. * Include taxes, upfits[*] and the cost of accessory installation in the capitalized cost of the lease. * Manage capital expenditures with multiple end-of-lease options |