Commercial Electric Vehicle Financing

Are You Looking to Buy a Commercial Electric Vehicle and Need Financing? We Are The Number One Independently Owned Transportation Equipment Finance Company in the United States. Contact Us To Help Grow Your Fleet!

As more dealers are starting to sell all-electric vehicles, more business owners and fleet managers are adding commercial electric vehicles (CEVs) to their fleets. Cargo vans, taxis, chassis cab models, semi-trucks, tow trucks, ambulances, buses – just about any commercial vehicle you could need has an electric option. And Commercial Fleet Financing is here to help you make the transition to CEVs or upgrade the light- and medium-duty vehicles you already have.

Whether you’re an experienced professional wanting to build an environmentally friendly fleet or a budding entrepreneur looking to make a mark with 100% green equipment, we offer tailored loans and leases that suit your specific commercial electric vehicle financing goals. Our simplified application process, competitive rates, and continuous support make the financing experience fast and easy to navigate.

No matter what work you do, Commercial Fleet Financing has CEV solutions just right for your business.

Benefits of Building a Commercial Electric Vehicle Fleet

There are a lot of good reasons commercial vehicles are going electric. Between tax incentives, lower payments, lower fuel expenses, and more focus on sustainability, businesses are greatly benefiting from adding CEVs to their fleets. Here’s a closer look:

  • Incentives and support: Many governments offer tax breaks, rebates, and other financial incentives to encourage companies to go electric. For instance, the US Inflation Reduction Act provides significant tax credits for adopting CEVs and charging infrastructure, making the switch more financially attractive.
  • Cost savings: While the upfront cost of CEVs can be higher, companies are seeing long-term savings on fuel and maintenance. CEVs have fewer moving parts and require less frequent servicing compared to gasoline-powered vehicles, leading to lower operating costs over time. Try calculating scheduled maintenance cost savings just from eliminating regular oil changes alone. The money you could save may surprise you.
  • Meet sustainability goals: Many companies are setting ambitious sustainability goals. If sustainability is a key value of your company, electrifying your fleet is a significant step toward reducing your carbon footprint and aligning with evolving environmental regulations.
  • Adapt to shifting customer preferences: Consumers are increasingly conscious of the environmental impact of their choices, and companies are responding by offering sustainable solutions. Businesses that embrace CEVs can enhance their brand image and attract customers who value sustainability.

What Kinds of Commercial Electric Vehicles Do We Finance?

Even as the CEV market continues to evolve, Commercial Fleet Financing is keeping up with financing options to fit any business’ needs. Whether you need a single vehicle or are ready to fill up an entire fleet, we can help you secure the funds quickly and easily. Come to us when you’re looking to finance:

  • Electric Vans
  • Electric Pick-Up Trucks
  • Electric Delivery Trucks
  • Electric Cargo Vans
  • Electric Box Trucks
  • Electric Shuttle Buses
  • Electric Chassis Cabs
  • Electric Construction Vehicles
  • Electric Tow Trucks
  • Electric Light-Duty Trucks
  • Electric Medium-Duty Trucks
  • Electric Semi-Trucks
  • Electric School Buses
  • Electric Ambulances and EMS Vehicles

Not sure we finance the CEVs you need? Contact us today to find out.

How Does Commercial Electric Vehicle Financing Work?

  1. Application: To get started, simply complete our quick, user-friendly online application or connect with our financing specialists.
  2. Quick Review and Approval: Our team will quickly review your application. We consider factors such as personal or company credit history, time in business, and specifics of your equipment requirements to provide financing options that align with your needs and goals.
  3. Financing Options: Upon approval, we will present you with tailored financing options. Choose from a range of programs, terms, rates, and structures that make sense for your business goals and budget.
  4. Funding: Once you decide on which option is best for your company, we will finalize the necessary paperwork. The approved funds will promptly be disbursed, allowing you to acquire the equipment you need ASAP.
  5. Ongoing Support: We provide ongoing support well beyond securing financing. You’ll have access to a commercial electric vehicle specialist who can address any questions or concerns you may have about your fleet financing needs.

Get started growing your fleet of commercial electric vehicles with Commercial Fleet Financing today.

Understanding Commercial Electric Vehicle Financing Options

Financing CEVs with Loans

With a commercial electric vehicle loan, you can buy and use the vehicles your business needs right away, which gives you instant value. However, that value decreases over time. Although you can usually deduct the interest you pay on the loan, which gives you back some of the amount you pay for the vehicle, it will still be worth less than the money you put into it overall.

Getting a loan may be a good option for you if you want to own a new business asset. Commercial Fleet Financing can assist you with customized loans that suit your specific needs. Our loans not only help you acquire the CEVs necessary to grow your business, they can also offer repayment flexibility and lower payments.

Financing CEVs Through Leasing

Commercial electric vehicle leasing allows you to finance the vehicles you need with payment options like the ability to deduct monthly payments on your taxes. Leasing also lets you get newer equipment, usually under warranty.

The trade-off is that when you lease, you don’t own the vehicle you’re making payments on. It’s similar to renting. Once the lease ends, you might have the option to buy the CEV or lease something newer and better for your business.

Many businesses prefer leasing because this option lets them use new or almost new equipment for shorter periods. This helps reduce repair costs and keeps their CEVs in good shape. While leases usually have lower monthly payments, ending them early or trading in vehicles might mean you have to pay the rest of the payments.

One of the main benefits of leasing is that it allows you to use important equipment for your business without using up all your credit. This means you can still borrow money for other important parts of your business.

If you still have questions about leasing commercial electric vehicles, contact our team. We’re here to help you understand the financing options for your business.

Why Choose Commercial Fleet Financing?

When it comes to financing your commercial electric vehicles, we know you have choices. Choosing Commercial Fleet Financing means having a trusted partner to help you every step of the way.

We’ve been helping business owners and fleet managers finance their equipment since 1995, so we know the industry well. Our solutions have kept up with new trends and include the latest strategies for financing commercial electric vehicles.

When you work with us, you’ll get competitive rates based on your credit score and business history. These rates are similar to what banks and credit unions offer. The difference is that we make the financing process quick and easy. Our terms are flexible, with special deals for different types of equipment purchases and various programs available to ensure you can get what you need when you need it.

When you choose Commercial Fleet Financing, you can trust that our pricing is transparent. You won’t encounter hidden fees or confusing language, and you’ll know exactly what to expect from start to finish.

Applying with us is simple and straightforward. Many loans are approved within 24 hours, and you may be able to receive funding within 2 business days. And once you have the funds you need, we’ll be there ready to help with any questions or support you may need moving forward.

Choose Commercial Fleet Financing for your next commercial electric vehicle purchase and experience the difference our competitive rates, flexible terms, and customer-focused service can make. Contact us today to take the first step toward a greener, more sustainable fleet.