Finance Commercial Fleet Vehicle in UAE
Contact us for hassle-free assistance and support for Commercial Fleet Vehicle Finance in UAE, whether you're looking to buy a single vehicle for your business or a whole fleet of heavy trucks and machinery. The Fleet Vehicle Financing Program provides companies with flexible and affordable financing for passenger transportation, bus rentals, car and vehicle rentals, tourist operations, and any other commercial operation involving a revenue-generating fleet of vehicles. To simplify your cash flow statement and avoid reducing your company reserve resources, apply for Commercial Fleet Vehicle Finance at Dhanguard.
Whether you are considering to make a single vehicle acquisition for your business or a whole fleet or heavy trucks as well as machineries, Contact us for hassle free assistance and support for Commercial Fleet Vehicle Finance in UAE.
Apply for Commercial Fleet Vehicle Finance at Dhanguard to ease your cash flow statement and avoid reducing your reserve capital for business. The Fleet Vehicle financing program offers flexible and reasonable financing for businesses that are engaged in transport of passengers, bus rental, car and vehicle rental, tourism activities and any other commercial activity that functions an income-generating fleet of vehicles. Commercial Fleet Vehicle Finance are secured by a mortgage on the vehicles itself, together with fully inclusive of insurance coverage, rather than having to tie up with any other form of security. Fleet vehicle financing provides up to 90% of the vehicle purchase price to be finance that depends on the type of vehicle and business profile of the applicant with a fixed monthly instalment payment period that extends up to 48 months.
The features and benefits of commercial fleet vehicle finance in UAE are as follows-
The eligibility criteria for acquiring Fleet Vehicle Finance in UAE are as follows-
Business entities should be legally registered in the UAE such as sole proprietors, partnerships and limited liability companies that operate vehicle fleets.
The Business has to be operating for at least one year with annual sales turnover of AED 1,000,000 or more.
Applicants should have completed minimum of two years business activities in the UAE with a successful financial history to avail Fleet Vehicle Financing.
All vehicles should be new to be financed as first registration.
All financed vehicles should have comprehensive insurance coverage.
The required documents for applying for Fleet Vehicle Finance are as follows-
You are required to submit your Identity Proof like National ID or valid passport with UAE residence visa and Emirates ID of all signing authorities and shareholders of the company, if applicable
Valid legal and constitutive documents such as Trade License, Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Memorandum of Association, and Partnership Agreement whichever is applicable.
You are required to submit the Power of Attorney if applicable.
You also need to submit Board Resolution if it is applicable.
You are required to submit the relevant documents as proof of address for your company.
Provide with a list including the details of ultimate beneficial owners of the company.
Submit the following documents as company profile - Bank Reference Letter, if applicable. There is no requirement for audited financial statements.
You are required to submit bank statement for 12 Months of the company.
You need to submit dealer pro forma invoice for new vehicle purchase in reference to the documents required from the dealer
The Applicant is required to submit the cash flow statement to forecast for income generating vehicle purchases
The categories of Fleet Vehicles are as follows-
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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