Using Element's fleet car finance, you can increase your cash flow while decreasing your costs.
When it comes time to buy or lease work vehicles, you want flexible, cost-effective financing that makes sense for your company. At Element, we use our financial expertise and strength to make fleet leasing and financing options as simple, uncomplicated, and cost-effective as possible.
The following are the features and benefits of commercial fleet vehicle financing in the UAE-
The following are the eligibility requirements for obtaining Fleet Vehicle Finance in the UAE
These are the following types of Fleet Vehicle which is in UAE-
Commercial equipment and vehicle finance loans assist small and medium-sized businesses in funding the purchase of industrial equipment, machinery, construction equipment, or commercial vehicles. Hospitals and clinics can also get funding to buy medical equipment. Car rental companies who need to purchase a significant number of vehicles to develop a fleet can also obtain a loan designed specifically for this purpose.
Small and medium-sized businesses (SMEs) can finance the purchase of certain vehicles with specially designed business loans
Light, medium, and heavy commercial vehicles, such as trucks, buses, trailers, multi-utility vehicles, and pick-up trucks.
Vehicles and equipment that are used on construction sites, such as bulldozers, excavators, and cranes.
New and used cars and other passenger vehicles, particularly for fleet financing.
The following documents are necessary for applying for Fleet Vehicle Finance
Before determining whether or not to purchase a fleet vehicle, consider both fleet purchasing and fleet leasing. Some businesses opt to buy outright, which requires a bigger initial investment but no monthly fees. However, this would necessitate a significant capital outlay, and it should be remembered that vehicles depreciate rapidly. If your company has been in operation for a longer period of time and has a lump sum available, acquiring may be more appealing.
When it comes to fleet leasing, this type of agreement allows you to select the vehicles you need for your fleet and then simply pay a monthly bill. Vehicle maintenance is usually covered, so as a business, you have fewer things to worry about or monitor.
The reasons for purchasing a fleet car can differ depending on the type of business you own. Perhaps you need to make deliveries, travel to see clients on a regular basis, or supply business vehicles to management. Employees of higher calibre can be attracted by providing them with a high-spec luxury vehicle. It is relatively simple to lease a fleet of cars or vans. If you buy or lease more than 10 vehicles, you are considered a commercial fleet, and you may be eligible for numerous manufacturer discounts. If this is your first fleet purchase, always check with your vehicle provider to see what kind of service they can offer.
The Fleet Vehicle Financing Program offers businesses flexible and cheap financing for passenger transportation, bus rentals, car and vehicle rentals, tourism operations, and any other commercial operation that involves a revenue-generating fleet of vehicles. Apply for Commercial Fleet Vehicle Finance at Dhanguard to simplify your cash flow statement and avoid decreasing your company's reserve resources.
A Fleet Vehicle Management company is basically a company that generally owns a huge fleet of cars and then leases the vehicles back to the customers. These companies regularly aim bigger corporations that generally requires a large fleet that can be 15 to multiple thousands of cars, trucks, or vans for their business activity to flourish.
The time limit set for repayment of the vehicle finance is 48 months.
To apply for Fleet Vehicle Finance, contact our team of experts at Dhanguard for more information.
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