TRAC Lease
Ally’s ComTRAC Lease
Flexibility to accommodate your business needs
- There are no mileage limitations nor excess wear or use stipulations
- Possibly eligible for payment deduction on income taxes: typically you expense the entire monthly payment
- Residual values can be tailored to allow for more flexibility in determining monthly payments and managing cash flow to potentially make driving their vehicle(s) more affordable
- Flexible terms are available from 12 months to 72 months
- A security deposit is not required
More Lease-End Options
- All vehicles eligible including passenger cars and medium duty truck
- Return the vehicle to the dealership at the end-of-the-lease term (to be sold through Ally’s SmartAuction)
- Trade-in the vehicle to the dealership
Option to buy – With this open-end lease, if they decide to keep the vehicle, they have the option to purchase it at lease maturity. Or, when their lease agreement expires, they have the flexibility to turn their vehicle in and get a new one, if they qualify.
Predetermined price – For qualified vehicles, the residual price is determined before they agree to the lease, meaning there’s no need to negotiate the price at lease-end. There’s also no security deposit required.
Term & payment flexibility – With flexible terms ranging from 12- to 72-months, ComTRAC is a great option to consider. In many situations, we can work with you to tailor their lease by choosing a higher or lower residual value to determine their monthly payment, which can help them manage their cash flow.
Consolidated billing – For business customers with multiple accounts, consolidated billing is available.
Cash Flow – Leasing may allow them to free up excess cash that can be used for other business purposes. Additionally, they may be able to expense their entire lease payment every month1
Call me anytime to discuss, but here is some info on the Ally ComTRAC Program that a lot of businesses are taking advantage of to reduce their cost of ownership on their vehicles.
Ally ComTRAC Lease payments are based off a smaller portion of the purchase price and the state sales tax.
What’s better? Paying 100% of the sales price and sales tax over a longer period, or paying a smaller portion over a shorter period and cycling out of the vehicle while it has a higher value?
Below are some highlights about that TRAC option. Let me know if I can explain further or you have any questions.
ComTRAC Lease
- Flexibility to accommodate your business needs
- Possibly eligible for payment deduction on income taxes (typically companies expense the monthly payment including sales tax)
- There are no mileage limitations nor excess wear or any use stipulations.
- Residual values can be tailored to allow for flexibility in determining monthly payments and managing cash flow to potentially make driving vehicle(s) more affordable
- Flexible terms are available from 12 months to 72 months
- All vehicles eligible including passenger cars and medium duty trucks
- A security deposit is not required
- More Lease-End Options
- Trade-in the vehicle to the dealership
- Return the vehicle to the dealership at the end-of-the-lease term (to be sold through Ally’s SmartAuction or dealer can purchase for inventory)
- Buy the vehicle for the residual amount determined when vehicle was contracted plus unpaid payments or charges