Truck Leasing and Financing

As an Independent Truck Driver...

purchasing or leasing a work truck is a significant investment. Truck leasing and financing decisions need careful consideration, guidance and an experienced and trusted advisor.If you've been considering the purchase of a commercial truck for your business, you already know that this is a large investment and can be a sizeable undertaking as well. You also know that the trucks value will depreciate almost as soon as you drive it off from the lot. You may also be aware of the fact that with each new model year there are features and improvements made that would benefit your business.

This process involves shopping for finance options, discussing truck leasing rates, the terms of the lease, the length of the truck lease agreement to best meet the needs of each individual truck driver.

Purchasing or leasing a truck is a significant investment that requires careful consideration. Shopping financing options includes discussing rates and terms of the loan or lease to best meet your needs.

What kinds of truck loans and leasing options are available?

Just about any kind of equipment or truck-except the long haul, owner-operator truck. From dump trucks, crane trucks, boom trucks, and specialty trucks. This can include all costs such as attachments, delivery, setup labor, electrical, etc.

Will the cost of sales tax, FET, freight, upgrades and installation be included in my lease?

How long does the truck financing take?

Leasing is very quick. Requests for up to $100,000 can often be approved in one day from a one-page credit application. Documents are overnighted to the customer and a Purchase Order is immediately faxed to the vendor once documents have been received. Rates are calculated based on your credit history, the dollar amount involved, and the term of the lease or loan.

Get a quote or contact a loan or leasing provider here.

where can I finance used trucks?

Any heavy duty truck dealer, vendor, or approved private party or auction company!

Is there a prepayment penalty?

No. Truck leases and truck loans can be pre-paid at any time.

Are truck lease payments a tax write off?

Typically the IRS will allow you to write-off 100% of your lease payment on a 10% or a FMV lease. Consult your accountant for specific application to your business.