Commercial Vehicle Lending Product Lineup
YOU ARE THE EXPERT AT RUNNING YOUR BUSINESS, AND YOU DESERVE EXPERTS TO FINANCE
YOUR BUSINESS VEHICLES.
Commercial Lending
Classic Commercial Lending provides corporate fleet vehicles and financing programs that are custom-tailored to your company’s specific needs and situations. We provide a big picture approach to purchasing and/or leasing your equipment with immediate funding of up to $500,000 with same day approval or credit lines of up to $25 million.
- -Owner Operators
- -New Start-Up Business Credit
- -Small Fleets to Large Fleets
- -Line of Credit for "Established Business"
- -PG & Non PG Options Available
- -Employee Vehicle Programs
- -Light-Duty
- -Medium-Duty
- -Heavy-Duty
- -Purchase & Lease Options
- -Capital on Existing Assets
Simple Financing Solutions
Traditional financing is the perfect option if you prefer to own your new or used business vehicles. You have the freedom to drive as much as you need to and the flexibility to customize your vehicle with various upfit options that work for your business. You pick the payment option that’s best for you: monthly, quarterly, semiannually or annually
Customize your agreement and determine your monthly payment, term and residual on either new or used vehicles with our open-end lease. This option offers the most flexibility and includes a wide range of vehicle upfit options and modifications. You’ll also have options at the end of your lease term.
With our closed-end commercial lease program, you’ll have fixed payments and a variety of allowable mileage options for predictable-use commercial vehicles. You may have lower monthly payments and shorter terms than typical APR contracts, plus possible tax write-offs.
Police and fire departments, school districts, and local governments can finance essentialuse vehicles with low, tax-exempt rates and multiple payment options. The payments under a municipal lease program are subject to annual budgetary appropriation and are typically included as a line item in the operating budget and not considered debt.
Additional Benefits
Conveniently finance multiple new or pre-owned vehicles as you need them with a Commercial Line of Credit. It’s customizable, so you can build your fleet whether you choose to buy or lease. Get prequalified and skip the credit approval process traditionally required every time you finance an additional vehicle. Amounts begin at $250,000 and are reviewed annually.
Use your personal credit to help get the best rate for your business vehicles without adding your name to the contract or title. With a personal guaranty, you can finance under your company name to take advantage of tax benefits and gflexrow your business credit. Unlike credit unions and banks, we don’t report personal guarantors to credit bureaus.
Easily manage all your commercial vehicles with our Fleet Services program2. Keep track of maintenance, repair costs and fuel expenses; monitor or restrict driver spending; protect your drivers with 24/7 roadside service; improve operating efficiency through customized reporting, and more. There are no long-term contracts, and you can choose from flexible maintenance options.
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