A Guide to RAM Financing for Commercial Vehicles

If your company is researching RAM financing for its commercial vehicles, you've come to the right place. Our team will walk you through the difference between applying for financing as a business as opposed to an individual and help you identify any tax deductions or incentives you'll be eligible for when you add to your fleet. Now is the time to grow your business, and the team at Lester Glenn Chrysler Dodge Jeep® RAM will be your partner.

Individual vs. Commercial RAM Financing

Applying for vehicle financing as an individual involves a down payment and fixed loan terms based on the buyer's credit score. A commercial loan, on the other hand, is a bit more flexible and can be based on the company's income and cash flow. Business loans also tend to accommodate larger dollar amounts than personal loans, so companies that need to create or add to their fleets can finance more than one vehicle.

Tax Incentives for Commercial Loans

As long as you use your new RAM model only for commercial purposes, your company can deduct up to 100% of the purchase the first year it's placed into service. This helps a lot of businesses (particularly small and medium organizations) because they get to deduct both loan interest and each vehicle's depreciation from their taxes. The monetary savings can then be put back into the business so you can invest in your employees, facilities, and equipment.

How to Apply for RAM Financing

Applying for financing with our RAM dealership in Toms River, NJ, is easy. Just pay us a visit, and we'll help you establish a commercial line of credit so you'll know exactly what you've been preapproved for and how much you can borrow on your loan. Then, pick out and customize the trucks or vans that meet your company's needs, and we'll help you drive them off our lot.

Meet With Our Commercial RAM Financing Specialists in Toms River, NJ

At Lester Glenn Chrysler Dodge Jeep RAM, we pride ourselves on supporting our friends and neighbors who want to enhance their businesses with high-performing models. We're your one-stop shop for RAM financing, sales, and maintenance throughout your company's ownership of the vehicles. Stop by to meet with our commercial RAM finance professionals today!