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* These calculations are for reference purposes only. All figures are estimates only and are not guaranteed as accurate. Always consult a professional financial advisor.

Factors that Determine the Terms of your Truck and Trailer Financing:


When it comes to financing a commercial vehicle, it is important to understand that there are a number of factors that determine how much you will be paying in terms of interest and monthly payments. Through, we offer the lowest rates to our customers, you can use these factors in your favor to lower the interest even further:

Business History: The longer you have been in business, the easier it is for you to get a loan on softer terms and lower interest rates.

Revenue and Cash Inflow: If you have regular cash inflow to show for your business, there is a higher likelihood that you can secure a commercial loan at easy terms. 

Age of the Vehicle: The newer the vehicle is, for which you are applying the loan, the better chances you have of securing it on lower interest rate and better terms. Often times, interest rate are higher on older vehicles. But you should always base your decision on your affordability and business need.

Credit History: Credit history doesn't play a part in determining your eligibility for the commercial loan but it may impact your monthly payments.

Business Assets: Your business assets also impact the term and conditions of your loan. If the value of your business assets is high, you may even be eligible for financing with 0% down payment.

All these factors aside, the most important thing you should consider before you get a commercial loan is your Affordability and Business Need. For that reason we have designed customized financing programs that determine your monthly payment based on what's convenient to you. Therefore, after you check your monthly payments on the payment calculator, do give us a call and schedule a meeting with our finance advisor so that they can show you how the payments can be customized to fit your need and budget.

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