Jul 22, 2020
Are you looking to finance your next semi trailer? If you’ve never financed commercial equipment you may be surprised to find that it’s not like personal automotive financing. In order to get the most competitive rates, a down payment and strong credit score are essential. Most lenders will also want to see that you’ve been in the industry for a while (at least two years of business or CDL experience) and had constant income during that time. If you’re unable to meet these requirements a co-signer might be able to help you.
This is where the unit desired will come into play. It may sound intuitive, but make sure the unit in question fulfills your needs. Different trailers give you the opportunity to carry different loads. Now is the time to ask the questions about future use. Financing a trailer as opposed to paying cash means the financier will want to see a newer trailer that will last beyond the term of the loan. Once you’ve found a unit that fits all the needs request a written quote to start financing.
At this step you’ll collect the needed paperwork to submit for review. All that is needed at the start is a simple application and knowledge of the equipment to purchase. If there are any additional items or information needed, our finance coordinators will be sure to ask. From there we’ll work hard to get you the best quote from our various partners. Think of it as having Nationwide Equipment Finance in your corner.
Ready to get started? Give our team of professionals a call at 954-678-4124 today!