Business auto financing lets business owners purchase new or used automobiles for their businesses. With an amazing 110% advance on new autos and a 75% advance on used autos, the business auto loan offers business owners the security of a known monthly payment over the life of the loan. Business owners can find auto loans that will cover 100% of their purchase price, licensing fees, and even warranty coverage. As with personal loans, lenders offering business auto loans will want to see a company’s credit score, see that the business is running profitably, and will want to see proof of business ownership at the time of the loan’s application.
