Starting and growing a car-sharing business comes with its own unique set of challenges. Whether you’re renting out cars on platforms like Turo and UberFleet, or running your own rideshare fleet, you know that securing reliable fleet financing can be one of the biggest hurdles to scaling up your inventory. Traditional loans might not offer the flexibility you need and using personal funds to grow your rideshare fleet can strain your cash flow.
AFC’s Mobility Program is designed with these challenges in mind. It offers a revolving line of credit specifically for carshare entrepreneurs, providing the financial support you need without tying up your cash. Instead of worrying about how to finance your next vehicle purchase, you can focus on growing your business and serving your customers.
Revolving Line of Credit
Rideshare entrepreneurs often need to expand their fleet quickly to meet demand or capitalize on market opportunities. AFC Mobility offers a revolving line of credit specifically for purchasing vehicles.
Fleet financing means you can buy additional cars as needed without dipping into your cash reserves. With this line of credit, you’re not limited by upfront costs, allowing you to scale your fleet more rapidly.
Improved Cash Flow
Managing cash flow is one of the biggest challenges for any business, especially in the rideshare industry where income can be unpredictable. With fleet financing AFC Mobility, payments are due monthly, providing a predictable schedule that makes it easier to manage your finances.
By freeing up your cash flow, you can invest in other areas of your business, whether that’s marketing, maintenance, or technology to enhance your operations.
No Application or Annual Fees
AFC Mobility makes it easy to get started without burdening you with additional costs. There are no application or annual fees, meaning you can access the financing you need without worrying about hidden expenses. This transparency helps you plan your finances more effectively, focusing on growth rather than overhead.
By freeing up your cash flow, you can invest in other areas of your business, whether that’s marketing, maintenance, or technology to enhance your operations.
Flexible Requirements
Unlike traditional financing options, AFC Mobility doesn’t require a retail dealer license, and in some cases, you may not even need a rental license. As long as your business is an LLC or Corporation, you are invited to apply for the Mobility program. This flexibility makes financing with AFC accessible to a wider range of entrepreneurs who might otherwise face barriers in obtaining financing.
Growth at Your Pace
AFC’s Mobility Program gives you the flexibility to grow on your terms. Add vehicles when demand is high, and scale back when it’s not—without the financial pressure of traditional financing. It’s a program designed to adapt to your needs, helping you stay agile in a rapidly changing market.
Fund your rideshare fleet today with AFC Mobility
AFC understands the unique challenges carshare operators face, and our Mobility Program is here to provide the financial support you need to scale your fleet and keep your business moving forward.
Want to learn more about AFC Mobility? Click the button below to get started with fleet financing for rideshare fleet now.
* Disclaimer: Descriptions of AFC floorplans are for illustrative purposes only. Terms of AFC floorplan financing are subject to a final written agreement acceptable with AFC. AFC does not guarantee any results for floorplan financing and examples are for illustrative purposes only. Dealers should consult their own advisors to make independent business decisions regarding floorplan financing.
