Why use your existing bank lines to acquire vehicles? Consider our Commercial Line of Credit (CLOC).*
The convenience of credit
Open a CLOC and you’ll get the advantage of:
- Flexible terms
- No setup or non-utilization charges
- Available for retail financing, Red Carpet Lease and CommerciaLease
- Credit that frees up capital
- Availability of a combined billing statement
With our CLOC program, you can apply for a credit line starting at $250,000 and, once approved, you can add vehicles to your fleet whenever you need to, for up to 12 months.** Now you can be covered all year for all of your financing or leasing needs. No need to reapply every time you need a vehicle.
How to obtain
Our knowledgeable commercial representatives are ready to assist you. As an added convenience, we can even come to your place of business.
*Subject to initial approval, ongoing eligibility and periodic reviews.
**Provided no material change in financial condition – initial approval is for up to 12 months.