Commercial Vehicle Options for the Small Business Owner

Owning a small business can be a daunting, terrifying, and incredibly rewarding task all at the same time. You take an idea, make a plan, invest some time and money (a lot of time and money in some cases) and then work your butt off to pursue your entrepreneurial dream. However, one vital component to a small business model that many entrepreneurs unintentionally neglect is a business-owned vehicle.

Why Do You Need a Commercial Vehicle?

While some business owners might be able to get away with using their personal for a while, in the long run, any smart business owner is going to need to invest in a vehicle that is considered to be owned and operated by the business. 

Commercial Vehicle Loan Rates and Terms

The amount that you will be able to borrow will depend on your financial situation. The better your credit history is the better your terms and rates will be as this proves that you are financially responsibly which is what lenders seek. If you have poor credit history or score, you will most likely be asked to sign a personal guarantee.

Commercial vehicle loan terms range from 1 to 5 years allowing you to make either weekly or monthly payments. There also might be an application fee or down payment depending on your lender of choice.

Commercial vans are an important part of the economy, so you can spot them on roadways all over the United States. As a result, it’s important to know how to drive safely and appropriately while near a tractor-trailer. Commercial vans typically cost less than trucks with service bodies, which is great for any budget.

 While all car accidents can have tragic outcomes, collisions with tractor-trailers are far more likely to be fatal or severe than crashes involving two passenger vehicles.

Safety features are a priority

Most commercial vehicles have the standard seat belts and airbags you’d expect in any vehicle. Be sure to review safety features with the sales team member to know what you’re getting in terms of protecting your drivers, passengers, and the vehicle, too.

If your business, whether it is big or small, needs vehicles to transfer their cargo or passengers from one location to another, cargo vans are ideal. There are numerous brands and models on the market that present the perfect cargo volume and appealing interior.

Ford Transit

Depending on your business trade, Ford Transit is available as a cargo van, passenger van, or crew van. It provides safety by adding a modern driver-assistance feature to it. Additionally, it delivers smooth handling and high cargo capacity. 

These features make it the most recommended Ford Cargo Van in the market. Some of the specs are 22 MPG, 4,560 pounds maximum payload capacity, and 487 cubic feet maximum cargo volume.

Ford Transit Connect

It is a smaller van compare to Ford Transit but is available in both regular and long-wheelbase versions. It is built as a compact panel van alternative to traditional full-size work vans. The Ford Transit Connect features a car-based architecture with an economical four-cylinder engine.