We know running a fleet can be hard work. Especially when you have a million other things to juggle. COMSOVE Fleet Management (CFM) have a range of products and services, specifically developed with small business in mind, and we employ small business experts who understand the challenges you face. This, in conjunction with our dealer network, means that our small business team can keep your fleet running smoothly so you can get back to business.
Simply choose a new vehicle then set the lease term. Once everything is bundled together, all you need to take care of is a single, monthly payment. If you lease up to 20 vehicles as part of your business, COMSOVE Fleet Management (CFM) can help to ease the load and save you time as well as money.
When it comes to funding your fleet vehicles, no two businesses are the same. That’s why we offer a choice of finance products to suit your needs. Whether you’re thinking about vehicle finance via an operating lease, finance lease or term purchase, or give your employees the option to take out a novated lease. Learn about our comprehensive range of funding options:
An operating lease is an asset funding option for businesses that don’t want to take on the risk of selling the vehicle at the end of the lease. You can choose any or all of the Fleet Management Services to form your monthly payment. With an operating lease, CFM owns the vehicle and leases the vehicle to you with your choice of term and kilometre usage. At the end of the term the vehicle is simply handed back, avoiding the risks associated with ownership, as there is no residual value to pay. This option includes 100% financing at a known monthly cost so there’s no capital outlay.
Term purchase transfers the risk of ownership to you, and when the final installment is received you’ll have full legal ownership. COMSOVE Fleet Management (CFM) offers a fixed interest rate for terms between 12 months and 60 months. You can pay the cost in equal installments or specify a balloon to suit you or your cash flow preferences. The balloon can generally be refinanced at maturity. And you also have the freedom to pay out the vehicle at any time. Term purchase is the ideal choice if you want to own the vehicle at the end of the repayment term. This option provides 100% financing for the price of the vehicle at a fixed monthly cost. Both the liability and asset are shown on your balance sheet. You can pay the entire amount financed in equal instalments or specify a balloon payment, depending on your cash flow preferences. If you choose a balloon, the amount can generally be refinanced at maturity. Although payments aren’t tax deductible, depreciation and the interest portion of the loan are usually fully tax deductible. This may be attractive for assets with higher tax depreciation allowances.