Commercial Fleet Financing for Vehicles and Trucks

Providing the best advice and solutions for small and medium-sized businesses looking for new or used commercial vehicle, semi-truck, and truck financing.

Commercial Fleet Financing for Vehicles and Trucks

Charter Capital has been helping commercial vehicle and trucking entrepreneurs expand their scope and grow their business for over 40 years. We have partnered with thousands of clients looking for dependable and affordable funding solutions and matched them with the best fleet financing sources available.

We understand that commercial vehicles and trucks are expensive and that expanding your fleet means shelling out a significant amount. With over 20 lending partners in our network, we guarantee to find the best and most competitive fleet financing options to help you get the funds you need to succeed. Whatever commercial truck or vehicle model you would like to acquire, new or used, you can count on Charter Capital to be with you as you scale.

Finding the right financing partner to support your trucking and commercial vehicle needs is no small feat. But you can rest assured that you have a solid partner in us to make your plans happen. With an experienced financial broker at your side, you can finally fund your high-level equipment needs with confidence. Contact the Charter Capital team today to learn more about our commercial fleet financing options.

fleet financing

Some of our customers...

  • Are interested in the lowest rate.
  • Are interested in a specific tax instrument.
  • Want to avoid breaching existing lending covenants.
  • Are interested in the longest term.
  • Are interested in getting reimbursed for equipment they have already paid for.
  • Want seasonal or other cyclical structures.
  • Want to finance software.
  • Want us to give the seller a deposit before the equipment is shipped.
All of our customers want a fair deal at a fair price and no surprises.

Section 179 Tax Deduction for Financed Commercial Fleet Vehicles

The U.S. government has made it easier for businesses to invest in themselves by buying equipment through a unique kind of tax break. According to Section 179 of the Internal Revenue Service (IRS) tax code, commercial fleets and other types of businesses can deduct the full price of qualified equipment purchased during the current tax year from their gross income filings. The write-off has a limit of $1,050,000 (2021), while the total amount of equipment purchased is capped at $2,620,000.

Section 179 applies to all businesses that buy, lease, and/or finance new or used business equipment, provided that they spent less than $3,670,000 (the sum of the limits). The equipment should have been acquired during the current tax year, as well. Here’s how it works:

  1. You obtain financing support for your commercial fleet vehicle and truck business and purchase the equipment you need.
  2. In the same tax year, you file a claim for a 100 percent tax deduction under Section 179.
  3. The result: you have extra money set aside to focus on other business needs or further grow your company next year.


Another tax break from financing a commercial fleet is Bonus Depreciation, which applies to larger businesses whose acquisition expense exceeds the Section 179 spending limit. When applying these breaks, the IRS considers Section 179 first, followed by Bonus Depreciation.

To learn more about Section 179 and Bonus Depreciation deductions, don’t hesitate to get in touch with our knowledgeable staff at Charter Capital.

How Can I Apply for Commercial Fleet Financing?

Applying for commercial fleet vehicle and truck financing assistance with Charter Capital is easy. We require the following:

  1. Your completed and signed Credit Application form
  2. Copies of your business bank statement for the latest three months
  3. A detailed description of the equipment you are planning to acquire
  4. Information about the equipment seller


Once you have all these documents in order, our friendly staff will guide you through the process and help you find the best fleet financing provider from our partner lenders.

Find the Right Fleet Financing Partner Through Chapter Capital

Charter Capital provides equipment and technology leases and loans of up to $1,000,000. We offer three financing tiers:

  • Application Only: Leases and loans from $25,000 to $150,000; no financial information required
  • Minimal Disclosure: Leases and loans from $25,000 to $50,000; minimal financial information required
  • Full Disclosure: Leases and loans from $25,000 to $1,000,000; full financial information required


Are you ready to scale your commercial fleet business? Get in touch with our financing experts at Charter Capital today.

Connect with us and apply now