Nissan Access - Non Maintenained Operating Lease

The Nissan Access Non Maintenance Lease is essentially the same as the Full Maintenance lease with the exception that the running costs of the vehicle are the lessees responsibility and that the lessee can share in the vehicle sale profits at the end of the lease without being responsible for any loss.

A monthly rental is established at the commencement of the contract after taking into consideration the term of the contract, anticipated kilometre usage and other operating factors. Whilst all running costs of the vehicle are the lessees responsibility, the monthly rental does include annual vehicle relicensing.

At the same time, an "Estimated Residual Value" is calculated for the vehicle which is the expected market value at the end of the lease. At the end of the lease period, the vehicle is returned to City Nissan, your authorised Nissan Dealer for Nissan Finance to dispose of. All sale proceeds (less any selling expenses) in excess of the "Estimated Residual Value" are refunded to you by way of a rental rebate. You may also elect to set a lower "Estimated Residual Value" which, whilst increasing the monthly rental, will also increase the eventual rental rebate and enable you to accelerate your tax deductions.

As with the Full Maintenance lease, the Nissan Access Non Maintenance Lease is a "Operating Lease" as defined by the Income Tax Act and accordingly the vehicle does not appear on your balance sheet. The monthly rentals are regarded as an expense item and are therefore deductible for tax purposes.

The Nissan Access Non Maintenance Lease allows you to keep the vehicle sale profits without the residual risk. In other words - you can't lose! Available on:

• New Nissan Vehicles

Suitable for:

• Companies, self employed and professional people

Key benefits:

• Capital investment in vehicles released for other areas of your business
• Other credit lines remain undisturbed
• Vehicle sale profits rebated
• No residual value risk
• Off balance sheet finance - proprietary ratios can be improved
• Rentals allowable against assessable income
• Accelerated tax deductions available