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Auto Finance FAQs

• What kinds of retail financing products does Credence Global Bank offer?

  Credence Global Bank offers retail financing for new and used vehicles for customers with a prime or non-prime credit rating. Products include:

  • Retail
  • Lease

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• What are the advantages of the Municipal Lease Purchase Plan?

  For customers:

  • Provides flexible financing and payment schedules, including monthly, quarterly, semi-annual and annual
  • Allows vehicle acquisition when needed, not just certain times of year
  • Offers clear documentation with clauses that municipalities often require

  For dealers:

  Attracts municipalities who often have multi-department fleets – potentially bringing a large volume of business to your dealership.

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• What types of business leasing does Credence Global Bank offer?

  We have three lease products for businesses:

  • SmartLease^® – a closed-end lease that has a fixed term and mileage limit
  • ComTRAC^® – an open-end lease that gives businesses more control of leasing terms and mileage, while holding the business liable for the vehicle’s depreciation
  • Municipal Lease Purchase Plan – a leasing plan specifically designed for municipalities that intend to own their vehicles.

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