This is a national program. Basically need a vehicle for our technician (going to scale up to 7-8 hopefully). Super easy to do with enterprise, but the money factor is so high. Equity at the end is great, but the monthly payments aren’t great. Have flexibility on the vehicle, just needs to be a hatchback or truck. Annual miles need to be higher (20-25K). Also nice its not personally guaranteed.
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Bumping this.
You should check out balloon loan options, but almost every CU won’t allow it for business loans. Nor will it allow 24k mi a yr but the excess mile rate is only 10c so you would have to do the math on it. I just balloon’d a 24 Transit van at a 4.99% rate and it worked out bc the bank MRM was much higher than the sell price. Read thru the balloon loan thread in the wiki for more info.
If you have some time to look into options, consider a RAM Tradesman trim sourced through a local upditter bailment pool. Stellantis has been dumping units out of Warren Assembly into their fleet channel with some decent incentives through a bailment pool.
Probably not eligible for leasing, but may be in your budget on a finance with maintenance plan.
