Leasing

Mobility is a necessity; however; is owning a car or truck the best way to remain mobile? In today’s world, transportation is consistently changing and evolving. We now live in a world where self-driving cars, ride-sharing apps, and car-sharing services are the norm. Don’t you think its time to change the way we view car ownership?

What are the biggest advantages to leasing?

Lower monthly payments – Lease payments on average are $120 cheaper per month than traditional finance payments.

Little to no down payment – Most automotive loans require a 20% to 30% down payment, however, when leasing there’s no down payment except the security deposit and/or last month’s lease payment.
Reduced Maintenance Costs – When leasing with Nucar you have access to maintenance plan subscriptions as well as discounted maintenance services such as oil changes, brake services & other routine maintenance services. Click Here to Learn More about Maintenance Plans
Flexibility – When Leasing with Nucar Commercial you can lease a single or multiple vehicles, without the headaches and complications of ownership.
Options – When you lease with Nucar Commercial you can Lease any Make or Model. We also lease used Cars and Trucks.

Reduced environmental impact – Leasing a new fuel-efficient vehicle is a great way to reduce your environmental impact while driving a vehicle you love. Not only do we offer fuel-efficient vehicles, but we also offer hybrids & electric vehicles.

Additional Equipment – When leasing a new or used vehicle with Nucar Commercial you have the option to outfit your vehicle with additional parts or equipment such as Aftermarket & Performance Parts, Wheels, Tires, Fleet Tracking & Telematics equipment, & Truck/Van Equipment.
Flexible mileage programs – Most vehicle leases have restrictive mileage plans with high penalties, however; when leasing with Nucar we can create a custom mileage plan just for you.
Short term leasing/rental – When leasing with Nucar you can lease a vehicle for as little as 90 days.
Tax Advantages – If you’re leasing a vehicle for your business, you’ll be able to write off your monthly lease payments!
Term Lengths – We offer Term Lengths as short 90 days and as long as 96 months.

What are the biggest disadvantages to vehicle ownership?

Depreciation – On average a new vehicle loses 11% percent of its value the moment you leave the lot, and during the first five years the vehicle depreciates 15% to 25% percent per year, and if that doesn’t scare you enough on average after five years your vehicles is only worth on average 37% percent of what you paid for it.
The cost of maintenance – As your Car or Truck ages, it will become increasingly expensive to maintain, especially if your vehicle is out of warranty, meaning all repair costs come out of pocket.
Negative Equity – Because of the effects of depreciation your business vehicle can be worth substantially less than you paid for it, however when leasing because you don’t own the vehicle you don’t have to worry about negative equity.

What types of Vehicles and Equipment can be leased with Nucar Commercial?

  1. Cars
  2. SUV’s
  3. Luxury Vehicles
  4. Electric Vehicles
  5. Pickup Trucks
  6. Medium Duty Trucks
  7. Heavy Duty Trucks
  1. Trailers
  2. Truck Beds/Bodies
  3. Truck Equipment

What types of Leases does Nucar Commercial Offer ?

What is a T.R.A.C Lease? and How does it work?

  1. A T.R.A.C. Lease works by the lessee (your company) agree to lease the vehicle(s) for a minimum term of 12-months, with a predetermined amount of depreciation. After the minimum term of the lease is fulfilled your company can terminate the lease at any time or continue through the life of the entire lease agreement.
  2. The lessor (Nucar) then sells the vehicle(s) if the vehicle is sold for a greater than the predetermined depreciation Nucar reimburses you the differences from the sale of the vehicle; however, if the vehicle(s) sale is less the predetermined depreciation amount than your company must reimburse Nucar for the difference from the sale of the vehicle(s).
  3. T.R.A.C Leasing does not carry any mileage restrictions allowing your company to operate your vehicles as often as needed.

What are the benefits of a T.R.A.C Lease?

  1. Purchase Option – With a T.R.A.C. Lease you’re not obligated to purchase the vehicle, however, you have the option to purchase it, continue through the term of the lease, or the vehicle must be sold, unless specified in your lease contract.
  2. No mileage restrictions – A T.R.A.C. lease allows you to drive as many miles as required for your business operations.
  3. Minimum Cash Outlay – While traditional vehicle financing often requires customers to make a down payment of 20% to 30%, Leasing with Nucar usually requires no down payment, only a security deposit and/or last month’s payment.
  4. Payment Flexibility – When Leasing with Nucar your business will have payment flexibility, we’ll work with you to custom build a payment plan that works best for your business.
  5. Lower Monthly Payments – A finance lease with Nucar will allow your business to make a lump-sum payment amount at the end of your lease thereby significantly lowering your monthly payments.
  6. The vehicle is not an asset of your company only an expense, this allows your company to operate the necessary vehicles without company credit being tied down.
  7. The ability to break the lease after a minimum specified term.
  8. Conservation of Your Companies Credit – Leasing with Nucar allows your business to retain its credit so other large assets may be purchased.
  9. Payment Flexibility – When Leasing with Nucar your business will have payment flexibility, we’ll work with you to custom build a payment plan that works best for your business.
  10. Maintenance Costs – Nucar can create a custom maintenance plan, tailored to your specific needs that will maximize fleet uptime while simultaneously minimizing fleet downtime. Allowing your vehicles to operate at maximum capacity.

What is a Finance Lease?

  1. A Finance Lease, is a lease contract you will purchase the Car, Truck or Equipment at the end of the lease. The price paid for the vehicle at the end of the lease depends on the number of payments made over the life of the lease, the number monthly payments made over the life of the lease and the Car, Truck or Equipment value at the end of the lease.
  2. Higher monthly payments can cover the entire purchase price of the Car, Truck, or Equipment. If the monthly payments cover the entire price of the vehicle, the vehicle is purchased for $1.00 at the end of the lease. However, if the monthly payments do not cover the entire value of the vehicle that the vehicle must be purchased at fair market value, or a previously agreed upon dollar amount.

What are the advantages of a Finance Lease?

  1. Conservation of Your Companies Credit – Leasing with Nucar allows your business to retain its credit so other large assets may be purchased.
  2. Payment Flexibility – When Leasing with Nucar your business will have payment flexibility, we’ll work with you to custom build a payment plan that works best for your business.
  3. Lower Monthly Payments – A finance lease with Nucar will allow your business to make a lump-sum payment amount at the end of your lease thereby significantly lowering your monthly payments.
  4. Minimum Cash Outlay – While traditional vehicle financing often requires customers to make a down payment of 20% to 30%, Leasing with Nucar usually requires no down payment, only a security deposit and/or last month’s payment.
  5. Maintenance Costs – Nucar can create a custom maintenance plan, tailored to your specific needs that will maximize fleet up-time while simultaneously minimizing fleet downtime. Allowing your vehicles to operate at maximum capacity.
  6. Having the ability to purchase a vehicle without putting your companies credit at risk.

What is a Closed End Lease?

  1. A Closed-End Lease is lease contract in which your business will lease a vehicle for a fixed amount of time for a fixed monthly payment. Once the term of your Closed-End Lease is complete you will have the option to purchase vehicle. However; at the end of your lease you’re not obligated to purchase the vehicle.

How will a Closed End Vehicle Lease Benefit my Business?

  1. A Closed-End Lease will allow your company to mitigate the costs & risks of vehicle ownership while still operating new vehicles. A Closed-End Lease allows your business to operate a vehicle(s) for a fixed term and fixed monthly cost. Allowing your business greater cost predictability.
  2. Saving money – When purchasing a new car or truck you must pay for the entire vehicle, however, when leasing with Nucar you only pay for the time you use your vehicle.
  3. Flexible Mileage Programs –When working with Nucar we can custom create a plan that fits your businesses exact mileage needs allowing your business the operational freedom it needs to be successful.
  4. The option to purchase the Car or Truck at the end of your lease
  5. When leasing with Nucar you’ll have the option to purchase the vehicle at the end of your lease, however; you’re under no obligation to purchase the vehicle.
  6. While Closed-End Leases also carry mileage restrictions but also offer greater stability over the life of the lease allowing for predictable maintenance costs.
  7. Closed End Leases are perfect for fleets with mileage or route predictability, allowing your company to save money by paying for the miles you drive.
  8. Predictable maintenance schedule – Because your business will be operating newer equipment you won’t have to worry about the high costs of maintaining a seasoned fleet of vehicles.
  9. Predictable Maintenance Costs – When leasing with Nucar you have the option to opt into a maintenance program that fits the specific needs of your business.