COMMERCIAL fleet
FINANCE
UTEs, Commercial Vans, Delivery trucks, Mini Buses, Large Trucks and more
COMMERCIAL fleet
FINANCE
Many businesses run on wheels, making their vans, trucks and UTEs their lifeline. Having vehicles in top condition is critical for businesses in the transport industry, big or small. In addition, vehicles such as cars and motorcycles are also purchased for commercial use by other businesses which may not be part of the transport or logistics industry.
Commercial vehicle finance is a great way to procure the necessary set of wheels for your business. Whether you need a company car, work van, UTE, motorcycle, or you are looking to add to your entire fleet, there are a number of business vehicle finance solutions available.
Types of Commercial Vehicle Finance
- Goods loan (chattel mortgage) – a standard car or vehicle loan option where the vehicle you purchase is used as security for the loan. You receive up to the total amount needed for the vehicle upfront and pay off the loan over a set period of time.
- Lease – you can get a loan to lease a vehicle or fleet of vehicles for your business. Some businesses elect to pay the remaining money for the vehicles and take ownership at the end of the lease. Others prefer to return the vehicles and take out a new lease or purchase new vehicles.
- Hire purchase – often you will pay a deposit for a new or used vehicle and pay off the remaining balance in installments. Once you make the final payment you take ownership of the vehicle.
- Low doc business vehicle loan – a low doc business loan is an option that can suit businesses that don’t have the usual paperwork required for a loan application. They involve less paperwork but can also come with higher interest rates.
- Unsecured business loan – you don’t use any asset or collateral for the loan. These loans tend to come with higher interest rates due to the increased potential risk to the lender.
Finding the right commercial vehicle finance option, and a lender that can offer competitive terms is not easy, especially with so much information on the web. But it can get a lot easier with a specialist finance broker on your side. At Reliiance Commercial, we can work with you to find the most suitable commercial vehicle loan for your requirements.
Call Reliiance Commercial on 02 9893 7881
COMMERCIAL property
finance
Purchase or refinance of an Office, Retail Store, Warehouse, Factory & more
COMMERCIAL EQUIPMENT
finance
Purchase or refinance of an Office, Retail Store, Warehouse Factory & more
