Vethy fleet finance partner equipment loan program

• Table of Contents

1. Program structure
2. Recommended terms by fleet size
3. Credit application and closing
4. Integration with fleet PO and AP workflow

Vethy maintains relationships with specialist equipment finance partners to offer integrated financing on parking AC retrofit programs. The integrated structure reduces vendor management overhead for fleets standardising both procurement and financing across a multi-hundred-tractor rollout. This page documents the program structure and credit application process.

Program structure

Vethy fleet finance partner program offers integrated equipment financing alongside the parking-AC quote: fleet receives one combined quote covering equipment, installation, and financing terms; one credit application; one closing process; one billing relationship. Standard terms 24-60 month financing with parking AC + install as collateral. Available across the US, Canada, EU, UK, and Australia through regional finance partners.

Recommended terms by fleet size

50-150 tractor fleets: 36-month term, ~$45-65 per unit per month at current rates depending on fleet credit. 150-500 tractor fleets: 48-month term, ~$35-55 per unit per month with possible reduced rate for stronger fleet credit. 500-1000+ tractor fleets: 60-month term or custom structure including operating-lease option, ~$30-45 per unit per month or off-balance-sheet treatment available. Specific rate depends on fleet credit, down payment, and current rate environment.

Credit application and closing

Standard credit application: fleet financial statements (most recent 2 fiscal years), tax returns (most recent 2 years), fleet operational profile (tractor count, average age, run mix, primary lanes), and parking-AC deployment plan (initial tranche size and rollout schedule). Typical decision time 5-10 business days for first-time customers; same-day to 3 business days for existing customers with prior credit on file. Closing in parallel with first install batch.

Integration with fleet PO and AP workflow

Vethy fleet finance program integrates with fleet PO/AP workflow through standard payment terms (net 30 on monthly billing), consolidated invoice per fleet entity per month, and serial-number-to-VIN mapping for fleet asset management reconciliation. Several large fleet customers route program directly through their treasury team as a structured equipment financing facility rather than per-truck purchase order — speak to the Vethy commercial team for that structure.

Frequently asked questions

What's the advantage of integrated financing?

Single combined quote covering equipment, installation, and financing terms; one credit application; one closing process; one billing relationship. Reduces vendor management overhead for fleets standardising both procurement and financing across rollout.

What rates are available?

Indicative: 50-150 tractor fleets ~$45-65/unit/month on 36-month term; 150-500 fleets ~$35-55/unit/month on 48-month term; 500-1000+ fleets ~$30-45/unit/month on 60-month term or off-balance-sheet operating-lease option. Subject to fleet credit and current rate environment.

How long does the credit application take?

5-10 business days for first-time customers; same-day to 3 business days for existing customers with prior credit on file. Closing in parallel with first install batch.

Is the program available outside the US?

Yes — Canada, EU, UK, and Australia through regional finance partners. Equivalent integrated structure with local-currency invoicing where applicable.