Manchester Co-operative Credit Union (1977) Limited’s COVID-19 Response Learn More

Commercial Auto Business Solutions

Purpose: To purchase vehicles for Public transport operators (Taxi Drivers, Bus Operators) and Operators of other commercial vehicles ( Goods Truck, Refrigerated Trucks).

Borrow up to $2,500,000.00.

Financing available for Vehicles up to 8 years old.

Up to 5 years to repay.

Minimum Share Requirement of 15%.

Weekly and Monthly payments allowed.

You must have at least one (1) year experience in conducting the commercial activity.

Documentation Required:

Income Verification Documents Required:

If Employed: Last three months payslips and Job Letter.

Or

If the income from the commercial activity will be the source of repayment:

  • Profit and Loss statement for the last twelve months and one (1) year cash flow projections to be prepared by a qualified accountant.
  • Evidence of having at least one (1) year experience in operating the commercial activity.

Motor Vehicle Documents Required:

  • Valuation Report
  • Motor Vehicle Title
  • Certificate of Fitness
  • Registration Certificate or C87 (If just Imported)
  • Comprehensive Insurance Quotation
  • Proforma invoice
Disclaimer: The terms and conditions of the products are subject to change from time to time. Please confirm the current terms and conditions with a Member Service Representative.