Running a small business that relies on a fleet of vehicles can be overwhelming, particularly when it comes to financing. Whether you’re a contractor, landscaper, or HVAC provider, managing the logistics of vehicle acquisition, maintenance, and financing can drain time and resources. Traditional financing and leasing come with challenges and complexities that make it difficult to scale your business or upgrade your fleet without stress.
Carputty’s Business Flexline is designed to solve these challenges by providing a streamlined, flexible line of credit for small businesses that rely on vehicles. With financing limits of up to $800,000 and the flexibility to finance up to 15 vehicles at a time, Flexline offers a comprehensive solution to cover your entire small fleet. Some other details that make Flexline the perfect solution for small fleets include:
Designed to support small business owners, the Business Flexline is ideal for fleets ranging from 2 to 15 vehicles that are comprised of sedans and lightweight Class 1 & 2a/b trucks. Our goal is to provide you with the financial tools and flexibility to manage your vehicles simply and efficiently so you can keep your business moving forward. The Business Flexline is built to support a range of industries, including:
It can be a challenge for small businesses to secure multiple auto loans; however, even if possible, traditional vehicle financing typically demands separate loans for each vehicle, leading to different interest rates and a tangle of repayment schedules that can be a real headache. This added difficulty can hinder your ability to scale or upgrade your fleet without unnecessary stress. Flexline eliminates these hassles by offering a single credit line covering all your vehicles with transparent rates. With one application, you gain lifetime* access to Flexline, making it easy to add vehicles as your business grows without reapplying or negotiating new terms.
Many businesses turn to leasing vehicles for their fleet to overcome the challenges of traditional financing, but it has its own set of limitations. Lease agreements typically cap mileage, restrict modifications, and require you to return the vehicle at the end of the term unless you opt for a buyout. The benefit of leasing is that you are on a regular replacement schedule, but with a Business Flexline, you get the same flexible vehicle replacement benefits as leasing but with the added ownership advantage. This means you can easily replace vehicles when needed while enjoying the tax benefits of owning your fleet.
A Business Flexline doesn’t just help you finance your fleet—it helps you manage it like a true asset. Carputty’s V³ Valuation™ system allows you to monitor the real-time market value of your vehicles, ensuring you can make informed decisions about buying, selling, or refinancing. This empowers you to treat your fleet as an investment, optimizing your business strategy for long-term success. With Flexline and V³, small business owners have the power to manage their vehicles with the same sophistication as large enterprises but with the flexibility and convenience that suits their unique needs.
*A Carputty Flexline will remain open as long as it is active. Any line will automatically terminate if it is inactive for 24 months. Full details can be found in the Carputty Lending Agreement.
