How to Choose the Right Business Vehicle Finance Option for Your Fleet

Vehicles never cease to improve and evolve—the market always has something new to offer, whether it’s a new model, or the latest technology. Once you start thinking about purchasing new vehicles for your fleet, it’s a good idea to talk to a number of business vehicle finance providers to accurately assess your current position and create a more personalised funding solution.


Get Mobile with Credit Group and Enjoy Low Chattel Mortgage Rates

If you’re an Apple or Android mobile user looking for Melbourne car lease or low chattel mortgage rates on your next vehicle, now is the time to download Credit Group’s mobile application. Just download the app free of charge, and you’re good to go. With this, you can browse and apply for financial lending out of the palm of your hand.

Financing Option: Finance Lease

A finance or capital lease is probably the most upfront leasing option. As explained by Export Finance, finance leases are used in the manufacture of equipment for export. A leasing company buys the equipment you make, then leases it out to an overseas buyer. At the end of the leasing period, the buyer may purchase the equipment by paying for its residual value.

Here’s how a typical financial lease system works. Continue reading

Lease Options: Operating and Finance Lease

Not all companies have the funds to purchase and maintain the vehicles and/or equipment they need for a long period of time. This is the biggest reason why many businesses work with reputable finance agencies and lease these assets rather than buy them directly. There are two main lease options that companies can choose from, either of which can serve them well, depending on their operations. Continue reading