Types of New and Used Trailers We Finance
- CHASSIS TRAILERS
- BELLY DUMP TRAILERS
- DRY VAN TRAILERS
- END DUMP TRAILERS
- FLATBED TRAILERS
- GOOSENECK TRAILERS
- PNEUMATIC TRAILERS
- REEFER TRAILERS
- TANKER TRAILERS.
Trailer financing is a little different than truck financing. Over the years we have also financed thousands of different types of trailers.
If you have a trucking business whether you operate as an owner operator or you have a fleet, ninety-nine percent (99%) of the time it makes more sense to finance a trailer than it does to rent one.
The biggest problem about renting is how expensive it can be. If you need a trailer to operate your business on a day to day or even weekly basis, then financing or paying cash makes more sense.
Here is the biggest reason why financing a trailer is different than financing a truck:
The trailer doesn’t move by itself unless It’s hooked up to truck.
The biggest concern for any lender is if the truck breaks down, how is the trailer going to work?
This is why with trailer financing the underwriter may request your bank statements to make sure you can still afford to make your trailer payment if your truck breaks down.