Ethical vehicle finance provides an alternative pathway for clients who want vehicle funding through a rent-based or lease-to-own model.
How it works
Depending on the provider, the structure may involve the financier purchasing the vehicle and leasing it to the customer for an agreed term. Ownership may transfer at the end of the arrangement depending on the contract.
Who may suit ethical vehicle finance?
It may suit:
- Individuals seeking ethical finance
- Business owners wanting rent-based asset funding
- Clients buying new or used vehicles
- Clients financing business vehicles or fleets
What lenders assess
Providers may review income, employment, credit history, vehicle details, deposit, repayment capacity and finance purpose.
Things to consider
Clients should understand the total cost, ownership pathway, early payout conditions and contract terms before proceeding.
How Nine Fincap can help
Nine Fincap can help you explore ethical vehicle finance options and compare them with conventional vehicle finance structures.
Need ethical car finance? Check Ethical Vehicle Options with Nine Fincap.
Disclaimer
This article is general only. Ethical vehicle finance is subject to provider terms, eligibility and approval.