Used Truck Financing
One of the questions we’re asked most frequently from clients is, “is it hard to finance a secondhand truck?” The short answer is no, however how your business profiles will determine what finance options are available in the market. For example, there are less low documentation loan options for older trucks than there are for new truck loans. Another big misconception is that banks won’t finance old trucks; this is un-true. Generally, most banks will consider older vehicles but may require more information on the condition of the asset itself, and in some instances may request it be financed over a shorter term.