When you need a vehicle for your business, you have options. You could buy a vehicle outright, finance, or lease. Each of these options has advantages and disadvantages. Which is the right option for you?
As a small business owner, balancing cash flow with critical capital investments to operate effectively can be challenging. When cash is tight, but you need a vehicle (or a fleet) to serve your customers, consider vehicle leasing.
If you are interested in commercial vehicle leasing options for your small business,
contact the team at First Capital Leasing.
We can approve your online application in 4 hours or less*
and have your supplier paid in as little as 24 hours.
* Subject to credit approval
The Benefits Of Vehicle Leasing For Small Businesses
Manage Your Cash Flow
Purchasing a vehicle outright means a large cash investment. Vehicle leasing gives you access to the vehicle or vehicles you need to operate with a manageable monthly payment. Many commercial leasing providers will work with you to customize a payment structure that works for you. This makes budgeting easier and lets you maintain your cash for other operating costs. And when compared to traditional loan agreements, vehicle leasing payments are often lower.
Click here to explore the advantages of vehicle leasing and vehicle financing to decide which is better for your small business.
Get The Vehicles You Want
When purchasing a vehicle or a fleet of vehicles, the large cash expenditure will often dictate the type of vehicle you can afford. Vehicle leasing and the associated manageable monthly payments let you access the vehicle features and technologies you NEED to provide the highest level of service to your customers. And with a commercial vehicle lease agreement, you can upgrade your vehicle at the end of your term to take advantage of emerging features and technologies.
Lower Maintenance Costs
When you coordinate your lease term with the manufacturer’s warranty much of the servicing, maintenance, and repairs will be covered. This means fewer associated costs than a vehicle you have purchased outright.
Flexible End-Of-Lease Options
When you purchase a vehicle, you assume the risk of depreciation. This means that when you are finished with the vehicle, or the vehicle is no longer serving its intended purpose for your business, the difference between the purchase price and the current value is a loss you assume. With vehicle leasing, there are end-of-lease options like extension, buyout, upgrading, and return so you can make the best decision for your company. To learn more about your lease-end options, read End Of Lease Options: Choices When Your Vehicle Leasing Contract Is Up.
Vehicle Leasing Solutions With First Capital Leasing
When exploring your options to get the vehicle or commercial fleet you need for your small business consider vehicle leasing. With the advantages of manageable monthly payments, tailored payment plans, mitigated risks, and lease-end options, vehicle leasing lets you access the vehicles you need to get the job done right while maintaining the cash flow that is critical to your operations.
Not every commercial vehicle leasing provider is committed to protecting your small business.
Learn how to protect your business by reading
Watch Out For These Red Flags When Shopping For A Vehicle Lease.
First Capital Leasing is a full-scope financial services provider with the knowledge and experience to create tailored financing solutions that meet your needs and your goals for your company. We can help you figure out which strategy can support your current operations now and in the future. We are based in Calgary, but serve businesses across Canada. For easy application and quick approval, fill out our online application. You only need to apply once and First Capital leasing will continue to be your financing partner for all your business equipment and vehicle leasing needs. Approval can usually be completed in less than 4 hours!* If you are ready to explore vehicle loans and vehicle leasing for your business, call our team at First Capital Leasing at 1-888-251-3644 or fill out our contact form today.
* Subject to credit approval
FAQ
Q: Are there restrictions to the type of vehicle I can lease?
A: Most financial institutions have stringent restrictions on what can be financed. However, at First Capital Leasing, we will work tirelessly to get you the commercial truck or vehicle your business needs regardless of the year, hours, or kilometres, including water trucks and tankers. We can also accommodate any supplier(s) and auction houses, as well as private sale transactions to ensure your business has the vehicles it needs to thrive and grow.
Q: How does my business explore commercial vehicle leasing with First Capital?
A: Our process is simple:
- Choose the vehicle(s) and the seller of your choice. Confirm the full asset details, along with the cost.
- Complete our online application, which is instantly submitted to our credit team. Existing customers do not need to re-apply.
- Once approved, a First Capital team member will contact you to discuss your financing options. We will then contact your supplier to arrange for invoicing of the purchase. Documentation is then provided for your review.
- Upon receipt of all required documentation, our funding team will work on payment remittal to the supplier. We can accommodate any prepayment or deposit terms the seller requires.
If you have any questions or need more information about which First Capital financial solutions might be right for you, call us at 1-888-251-3644 or fill out our contact form today.
Q: What are the benefits of choosing First Capital Leasing for my vehicle leasing needs?
A: If commercial vehicle leasing is the right option for your business, partner with First Capital Leasing to make purchasing your vehicles easy. With over 85 years of combined experience in commercial vehicle leasing, we have the knowledge to provide you with the right vehicle leasing solutions for your business. The benefits of partnering with First Capital for vehicle leasing include:
- Customized payment schedules that fit the cash flow of your business
- No kilometre restrictions
- No age restrictions
- Quick approvals (four hours or less) APPLY HERE
- Fast turnaround (documents signed and supplier paid is as little as 24 hours)
- High approval rates
- Lease To Purchase Options