Commercial vehicle Loan

A commercial vehicle is any type of motor vehicle used for transporting goods or paying passengers. "commercial motor vehicle" as any self-propelled or towed vehicle used on a public highway in interstate commerce to transport passengers or property when the vehicle:

What is commercial vehicle loan? A commercial vehicle loan provides funds to borrowers to purchase a vehicle to individuals and organizations for commercial use. It is similar to a car loan; however, car loans are specifically catered towards private vehicles. A commercial vehicle loan finances the purchase of commercial vehicles.