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How Commercial Vehicle Leasing and Loans Can Work for You
Relying on company vehicles to conduct daily business means you have to have cars, trucks, and vans that run properly. When a vehicle breaks down, your business could come to a stop. A properly running vehicle isn’t the only aspect of a commercial vehicle, however. Company cars, trucks and vans need to look good to give customers a positive image of your business. Replacing old or broken-down vehicles is expensive. A commercial vehicle loan or lease gets you the high-quality vehicles you need without wiping out your cash reserves.
Upgrade to Newer Vehicles
- Get improved gas mileage from newer cars, trucks and vans
- Maintain a positive, clean image for your customers and clients
Avoid Repairs
- Regularly updating your commercial fleet helps avoid simultaneous breakdowns
- Keep more money in your pocket when you have more cars on the road
Focus Cash Reserves Elsewhere
- Use cash reserves for growing your business, not paying for a new vehicle outright
- Save cash now for the future of your business
Meet Customer Demands
- Change your vehicle fleet based on the needs and wants of your customers
- Move to electric vehicles or larger delivery vans to keep up with market demands
Commercial Vehicle Leasing & Financing Details
As leaders in the business equipment financing industry, National Funding has the expert knowledge your business needs to finance or lease commercial vehicles. We’ve help thousands of businesses just like yours find the right vehicle financing options to fit budget and vehicle needs. We’re one of the best commercial vehicle finance companies no matter if you need a new car, work truck, or delivery van. Let our helpful Loan Specialists listen to your business needs to find financing that works for you.
Qualifications for Equipment Financing and Leasing
6 months
in business
FICO score
over 575
Equipment quote
from a vendor
How to Apply
Applying for commercial vehicle finance loans and leases is easy. If you’ve been in business for 6 months or longer, have a FICO score over 575 and have an equipment quote from a vendor, we can help you get started today.
Why National Funding?
From landscapers to taxi companies, most businesses need transportation. No matter what your business does, we’re here to help you get the vehicle financing you need. With a friendly, custom-tailored approach for your unique business, we deliver the funding solutions to solve your vehicle problems.
We Know Commercial Vehicles
Experience supporting businesses to purchase or lease commercial vehicles.Trusted by Businesses Like Yours
Over $3 billion in funding to more than 50,000 businesses nationwidePersonalized Experience
Equipment financing solutions and payment options tailored to your specific needsFast & Easy Application Process
No-cost, no-obligation easy application processLoan Specialists Who Care
Experienced Loan Specialists help you make the right decisionPreserve Cash
Hold on to more of your hard-earned cash for use in other parts of the businessRatings & Reviews
Business owners have been trusting us with the financing needs for 20 years.
Disclosures
Legal Disclosures
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.