Fleet Financing

How Commercial Fleet Financing Works

We’ve built a streamlined process to move multiple-vehicle deals quickly.

Step 1: Fill Out Your General Profile
Just a few quick questions about your business and fleet needs.
→ No credit check. No pressure.

Step 2: Complete Your Business & Ownership Profile
We’ll ask for:

• Business name, address, EIN, revenue

• Owner name, % ownership, SSN

• Fleet details (vehicle types, year/make/model, price)
  Upload:

• 3 months of business bank statements

• Driver’s license or CDL (if applicable)

• Invoices, bills of sale, or links to vehicles

Step 3: Review & Match Within 24 Hours
Our underwriting team matches you with the right lender based on:

• Time in business (2+ years preferred)

• Credit score (650+ ideal)

• Cash flow ($5K+ ending balance)

• Fleet type, size, and purchase method

Step 4: Approval & Funding
We’ll present:

• Interest rate range

• Estimated monthly payment

• Term length & down payment (if any)
  Once accepted, most deals fund in 1–3 business days.

Commercial Fleet Financing Rates, Terms & Monthly Estimates

Lease vs Finance a Commercial Fleet

Fleet Loan (Financing) – Best if you want long-term ownership

• Ownership: You own the vehicles outright once the loan is paid in full.

• Equity: Builds equity in hard assets that can be resold, traded, or leveraged later.

• Tax Benefits: Eligible for full Section 179 deduction and bonus depreciation.

• Flexibility: No mileage or usage restrictions after payoff.

• Best For: Fleets you plan to keep for 5+ years, or when ownership stability is important for your business.

Capital Lease – A lease structured like a purchase

• Ownership Path: Typically includes a $1 or fixed-price buyout at the end of the term.

• Tax Treatment: Often treated like a purchase for Section 179 and depreciation purposes.

• Payment Flexibility: Can be structured with lower payments early in the term to help cash flow.

• Best For: Businesses that want ownership benefits with more flexible payment scheduling or seasonal payment plans.

We offer all three options — and will guide you through which financing or leasing structure best fits your fleet’s usage, budget, and tax goals.

Tax Benefits of Fleet Financing

Yes — you may be able to write off a large portion (or all) of your fleet purchase in the same year you put it into service.

When you finance or lease qualifying commercial vehicles for business use, the IRS offers powerful tax incentives that can dramatically lower your net cost of ownership.

How It Works

With Section 179, businesses can deduct the full purchase price of qualifying vehicles — up to $1,250,000 in 2025 — as long as they are placed in service before December 31, 2025. This means you could potentially deduct the entire cost of your fleet in the same year you start using it, even if you are making payments over several years.

If your purchase exceeds the Section 179 limit, bonus depreciation lets you write off an additional 40% of the remaining amount, further reducing taxable income.

Example: Finance a $500,000 fleet in mid-2025. If used primarily for business, you could deduct the entire $500,000 on your 2025 tax return — even though you’ll be making monthly payments over time.

Why Fleet Owners Should Pay Attention

• Maximize Cash Flow: Keep your working capital while still benefiting from the deduction.

• Lower Effective Cost: Tax savings can cover a large portion of your first-year payments.

• Time-Sensitive: Vehicles must be in service before year-end to qualify for the current year’s deduction.

Pro Tip: Consult your CPA early in the process. We’ll work with them to structure your financing or lease so you get the maximum allowable tax benefit.

Who Qualifies?

Tip: Even if you don’t meet every single requirement, we can often structure capital leases, seasonal payment schedules, or staggered delivery funding to help you get approved for the fleet you need.

Commercial Fleet Financing FAQs

Q: Can I finance multiple vehicle types in one deal?
A: Absolutely. Mixed fleets are common, and we regularly fund deals that include different truck classes, service vans, specialty vehicles, and equipment in a single financing package. This allows you to consolidate payments, simplify paperwork, and grow multiple areas of your business at the same time. We’ll structure the loan or lease so each vehicle’s terms make sense for its type, age, and expected use.

Q: Do you work with startups?
A: Yes — we have special fleet programs for newer businesses. While most lenders prefer 2+ years in business, you can often qualify as a startup if you have:

• A strong personal credit score (ideally 680+)

• Steady personal or business income

• A larger down payment (often 10–25%)

• A clear growth plan for the fleet

We may also use capital leases or alternative funding structures to make startup fleet financing easier to qualify for.

Q: Can I finance used vehicles?
A: Yes. We finance new and used fleet vehicles from dealers, private sellers, and auctions. Used units can be a cost-effective way to expand quickly, though older vehicles may have shorter term limits or require a slightly larger down payment. We’ll help you evaluate whether buying used, new, or a mix makes the most financial sense for your fleet’s goals.

Q: How fast can I get funded?
A: We know fleet upgrades are often time-sensitive. Once we receive your completed application and supporting documents — including 3 months of business bank statements, driver’s licenses/CDLs (if applicable), and invoices/bills of sale — approvals can be issued in as little as 24 hours. After signing loan documents, most deals fund within 1–3 business days. The fastest approvals happen when all vehicle details and paperwork are ready upfront.

Q: Can I add more vehicles to my fleet later under the same financing plan?
A: Often, yes. Depending on your lender and credit profile, we can arrange for fleet expansion lines of credit or structured add-ons so you can quickly add vehicles without redoing the full application process.