There are things to look for when financing your fleet. The no down payment option is one that will entice a lot of people. Zero percent financing is another one that people might be interested in. Then, there is the no payment option for 90 days. Each of these options has different perks.
- With a no down payment option on a loan makes the initial cash requirement zero. With a no-down-payment loan, the full value of the vehicle is financed at the agreed-upon purchase price, but no “up front” money is needed to close the deal and drive the car off the lot.
- Zero Percent Financing loan option has no interest charged on the loan.
- In No Payment For 90 Days, this option defers the first loan payment for three months.
“Every operator must determine what vehicles are needed and when. This requires knowing the total cost of ownership and acquisition — the cost of buying, running, and maintaining each individual fleet vehicle so information can be compared to the revenue a vehicle generates.”