For business owners or managers that need to purchase vehicles to operate their business, paying for the asset upfront can have a huge impact on their financial resources. With second hand vehicle prices starting from $3000 and brand new vehicles starting from $14,000, the cost to purchase the vehicle (or several outright) might require the business to part with tens or hundreds of thousands of dollars in funds. For many small to medium sized businesses, this cost is too much for people to manage.

When it comes to car finance, personal or car loans are another option, however the repayment costs tend to be high.…