Methods used to finance Business Vehicles or Equipment include:-
Insurance Premium Finance
This means:-
- The ability to finance business insurance premiums over 6 to 12 month terms;
- A minimum coverage of only $500 worth of insurance - there is no maximum;
- Examples of Insurances covered include Workers Compensation, Motor Vehicle, Public and Products Liability;
- Can also finance Commercial Motor Vehicle Registration and CTP fees (minimum of $5,000);
- The Insurance Policy is usually the only security required (subject to the size of the finance required);
- Preserves existing finance arrangements.
INSURANCE PREMIUM FINANCE
Chris George
Business Vehicle and Equipment Finance