Financial Products Overview
Fleet Financing Options Built for Business
Every business is different, so every fleet has different financing needs. With GM Financial, you have choices that make it easier to get the vehicles you need and keep your business growing.
Explore five ways to pay for your fleet, including credit lines for quick access, owning your vehicles, leasing, special municipal plans and options that let you leverage your personal credit to build your business credit. Each choice is made to fit the way your business runs.
Line of Credit
A GM Financial Line of Credit lets your business grow on your terms. With a preapproved minimum of $350,000, you can purchase or lease multiple vehicles without repeating the approval process each time. This means you can make decisions faster and have more control over growing your fleet.
This works well for businesses responding to seasonal ups and downs, taking on new contracts or planning for growth. You can set aside money for vehicles, keep your bank credit available for other expenses and work with your dealer to get vehicles delivered quickly.
Best for: Businesses needing quick access to multiple vehicles, seasonal operations, contract-based growth
Purchase
If you want to own your vehicles and build value over time, purchasing is the way to go. With APR financing, you start building equity right away. There are no mileage limits, no rules about wear and use, and no surprises when your loan is paid off.
When you own your vehicles, you can customize them however you want, use them as much as you need and decide when to sell or trade them in. Many businesses also take advantage of Section 179 tax deductions1, which let you write off part of the vehicle cost in the first year.
Best for: Long-term fleet strategies, businesses requiring vehicle customization, companies maximizing tax benefits
1GM Financial and it's affiliates are not tax or legal advisors. Please consult with a qualified professional for your specific needs.
Lease
Leasing lets you drive newer vehicles with predictable payments. You can choose between two types based on how you use your vehicles and what fits your budget:
- Closed-end leasing gives you fixed monthly payments with no worry about what the vehicle is worth at the end. just return it when you're done.
- Open-end leasing gives you more control over the terms and final value, plus you can add custom equipment if you need it for heavy use or special jobs.
Leasing helps you get into newer vehicles more often, spend less money upfront and keep your cash free for other parts of your business.
Best for: Businesses prioritizing cash flow, predictable costs or frequent fleet updates
Municipal Lease
Government agencies need reliable fleets that work within tight budgets and strict buying rules. Municipal leasing helps public organizations get the vehicles they need while staying within budget and following all the rules.
Cities, counties, school districts, EMS, fire and police departments can all use municipal leasing. You get low tax-free rates with payment schedules that work for your budget cycle. There are no processing fees, no charges for normal wear and use, and you can buy the vehicle for Just $1 when the lease ends. We also help finance EV charging stations.
Best for: Government agencies, public safety departments, school districts and other IRS Section 103 eligible entities
Personal Guaranty
If you're starting a new business or don't have much business credit history, a personal guaranty can help you get commercial financing without slowing your growth. You use your personal credit to get financing in your company's name but keep your personal and business credit separate.
This allows you to build business credit without your name appearing on contracts or titles, while your personal credit still helps with approval.
Best for: New businesses, startups building credit history
Dedicated consulting
Consult with our experts to build a customized fleet plan that fits your needs.