Vehicle Finance

Park Financial vehicle finance is our credit options used by both businesses and individuals to procure cars, trucks or fleet vehicles—including both loans and lease options.

Given the high cost of commercial vehicles, buying secondhand can be appealing. However, it can be a false economy if the asset proves unreliable. Finance options can help you manage your cash flow to get all the benefits of a new vehicle.

When considering adding another vehicle, truck, trailer or bus to your fleet, it’s important you carefully consider what makes a good investment for your business.

For businesses buying used vehicles, a good price through a private sale agreement may look like an attractive option. This is particularly the case in uncertain business times, when you might be able to secure the asset at a heavily discounted price.

However, paying for the asset upfront could still strain your business cash flow and mean you have less working capital available to explore growth opportunities.