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Vehicle and Equipment Finance
Vehicle and equipment finance refers to loans or leases used to purchase business-related vehicles and equipment. This type of financing helps businesses acquire necessary assets without a large upfront cost.
You can finance a wide range of assets, including cars, trucks, machinery, office equipment, and technology. The specific items eligible for financing depend on the lender’s policies.
Financing allows you to preserve your working capital, manage cash flow more effectively, and potentially benefit from tax deductions. It also enables you to acquire the latest technology and equipment to keep your business competitive.
With a loan, you borrow money to purchase the asset and make regular repayments until the loan is paid off. With a lease, you pay to use the asset for a specified period, after which you may have the option to purchase it, return it, or extend the lease.
