Is there bank that finance a cargo van for a commercial use?

Written By: jacob on December 4, 2009 One Comment

I was looking for a reputed bank that i can rely on. I know Bank of America, Citi, Capitalone does not offer auto loans for cargo vans.

xx_satanic_mechanic_xx on: 4 December 2009 at 9:27 am

If you own your own business, look into a business leasing program. It is not the same as a consumer lease. In a business lease, you are allowed the entire capital investmetn deduction on the current year’s taxes. At the end of the ‘lease’ program you can buy out the van for $1.

With that said, you should be able to find numerous banks that will finance the loan. Are you buying it under your name or a business name?