Commercial Vehicle Financing at Ken Ganley Chevrolet
Securing the right vehicles for your operations is critical. At Ken Ganley Chevrolet of Aurora, we simplify commercial financing, getting you into the landscape dump, stake bed, plow truck, dump truck, cargo van, or box truck your business demands. Our inventory is extensive, and our financing options are designed for businesses, large and small.
Retail vs. Commercial Vehicle Financing: A Key Difference
You might be familiar with traditional auto loans for personal vehicles. Commercial vehicle financing operates on different principles, tailored to the operational and tax considerations of businesses.
- Retail Vehicle Financing: Typically focuses on an individual's credit-worthiness and the vehicle's consumer value. Loan terms are generally standardized for personal use.
- Commercial Vehicle Financing: Considers your business's financial health, cash flow, and the revenue-generating potential of the vehicle. Options often include:
- Commercial Loans: Structured for business entities, often with different amortization schedules and down payment requirements than retail loans.
- Leasing Programs: Provides flexibility and potential tax advantages, allowing businesses to upgrade vehicles more frequently.
- Lines of Credit: For businesses requiring ongoing vehicle acquisitions or seasonal fleet adjustments.