Specializes in providing financing solutions for businesses that operate fleets of vehicles. Providing financing options for purchasing or leasing vehicles..
Working with businesses of all sizes, from small local businesses to large multinational corporations, to provide customized financing solutions that meet their specific needs..
Offering a range of financing solutions that can help businesses effectively manage their fleets and achieve their operational and financial goals.
It's pretty easy, complete a short Application then someone from our accounts team will be in contact with you. To discuss your needs and what options we have available for you.
We will use our national dealer network to find your just what you are looking for at the very best price.
A memeber of the finance team & licensed virtual nortary will meet with you to through all of the documents & answer any questions.
Using our sourcing team to find your fleet vehicles can have several advantages over doing it yourself. Here are some reasons why:
1. Time-saving: Searching for fleet vehicles can be a time-consuming process. A sourcing service can save you time by doing the legwork for you, which allows you to focus on other important aspects of your business.
2. Expertise: A good sourcing service has expertise in finding the right fleet vehicles that meet your specific needs. They have access to industry knowledge, resources, and contacts that you may not have.
3. Cost-effective: Sourcing services can negotiate better prices for fleet vehicles due tot heir experience and connections in the industry. This can help you save money in the long run.
4. Quality assurance: A sourcing service can help ensure that the vehicles you purchase are of high quality and meet your specifications. They can perform inspections and provide detailed reports on the condition of the vehicles.
5. Convenience: A sourcing service can handle all aspects of the purchasing process, from vehicle selection to delivery. This can save you the hassle of dealing with multiple vendors and logistics.
Overall, using our sourcing team to find your fleet vehicles can help you save time, money, and effort while ensuring that you get the best vehicles for your business.
There are several reasons why a business may choose to lease vehicles instead of buying them outright:
1. Lower upfront costs: Leasing typically requires a smaller down payment and lower monthly payments than purchasing a vehicle. This can be especially beneficial for businesses that are just starting out or have limited cash flow.
2. Predictable costs: With a lease, businesses can budget for a set monthly payment, which includes maintenance and repairs. This can help to avoid unexpected expenses that can come with owning a vehicle, such as major repairs or replacing worn-out parts.
3. Tax benefits: Lease payments are often tax deductible, which can provide additional savings for businesses. Additionally, businesses can typically deduct a portion of the vehicle's depreciation each year, which can further reduce the overall cost of leasing.
4. Access to newer vehicles: Leasing allows businesses to drive newer vehicles without the hassle and expense of buying and selling them. This can be especially important for businesses that need to maintain a professional image or rely on their vehicles to provide a competitive edge.
5. Reduced maintenance and repair costs: Leased vehicles are typically covered under a manufacturer warranty, which can reduce the cost of repairs and maintenance. Additionally, since leased vehicles are typically newer, they may require less maintenance than older vehicles.
Overall, leasing can be a cost-effective and convenient option for businesses that need access to reliable vehicles but don't want to deal with the expense and hassle of owning them outright. .
1) Bank statement summaries for the last 12 months, usually the 1st page of your monthly statement.
2) Be an authorised agent or officer of the business.
3) Provide your Federal Tax ID & or DnB numbers.
4) The budget & needs being filed
1. Vehicle leasing: flexible leasing options that allow them to acquire new vehicles without the upfront costs associated with purchasing.
2. Loans: loans to purchase vehicles outright.
3. Sale and leaseback: In this arrangement, we purchase a business's existing fleet and then leases it back to them, providing the business with immediate access to cash.
4. Asset-based lending: businesses loans or lines of credit based on the value of their fleet assets
Just register as a vendor, we will then send you a link to submit a 'Funding Request' .
188 Grand Street
Suite #292
New York NY 10013
inquires@1stFleetFinancing.com
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