Finance Companies for Trailers

A local credit union or community bank where you live.

 

I used a company called ACG finance, a girl named Wendy Jones helped me. Started the process on Wednesday and picked up my trailer on Friday. Fast service, and really helpful.

 

Bank.
All you have to do is show them how you will never owe more than the trailer is worth. Show them a depreciation schedule. Have the purchase agreement drawn up. Show your down payment amount and how their risk is low. Have your own schedule of number of payments to match the depreciation schedule. Tell them they will be added as a certificate holder to your insurance policy and in first position. They can even hold the title until final payment is made. Then tell them you will offer them prime + 2%. (Or less, I figure '+1 is as good as you could ever hope for). Play them against each other, and over enough time they will give you whatever you want. Don't be afraid to take your business elsewhere, when the first bank knows they didn't win your business, the next go round they will work harder for it.
That's my plan, at least. My current loan with the bank is prime + 2.7.

 

I financed my new 30k trailer (purchase price) at a local community bank 2 years ago. Put down 5k and got a loan at 5.5%.

 

Bank

I took out a personal loan for the full amount.

Hurst

 

I haven't been on in a while...where's the multi colored Freight shaker?

 

He's got a load from Pa to Gary. Still going strong,.. even with driver beating the snot out of it.

Hurst

 

I got mine financed through Freightliners finance arm Daimler Truck Financial. $100,000 super b train hopper bottom Doepker. 6%

 

Finding financing is easy ... It's finding a trailer. Dry in particular. I can't even get a dealer to get serious on a single trailer purchase. Nothing on the lot and if you're not buying for a fleet, they're not interested in wasting thier time with you to spec out an order.