What You Should Know About Fleet Finance
Operating a vehicle fleet—whether for delivery, transportation, or logistics—has always been central to many businesses. However, managing a fleet can be a costly endeavour. From vehicle purchase to maintenance, the costs add up. That’s where fleet finance comes in, offering businesses specialized financial solutions to help overcome these hurdles and maintain smooth operations.
Understanding Fleet Finance
Fleet finance simplifies the process of acquiring or leasing vehicles at the right time for your business, taking into account your cash flow situation. It caters to businesses of all sizes—from small enterprises to large corporations—by offering flexible financing options like loans and leasing.
Fleet finance can include:
Vehicle Loan:
Financing the purchase of vehicles with fixed-period loans that are repaid in monthly installments.
Leasing:
Leasing vehicles for a set period, with the option to renew or purchase after the lease term.
Fleet Management Services:
Some companies also offer services like vehicle maintenance, fueling, and driver management as part of their fleet finance packages.
Source: https://revfin.in/resources/gl....ossary/fleet-finance
