Truck Financing

The financing options you need to get you on the road faster.

Hassle Free On Site Financing Same Day Approvals Better Rates Than Most Banks

Transwest has financing options to fit your unique lifestyle and budget. With multiple lenders competing for your business, we can guarantee rates and terms that are extremely competitive. Our knowledgeable team will take the stress out of the entire experience, walking you through every detail.

Commercial Financing Options Through Trans Lease

Trac Lease

Terminal Rental Adjustment Clause leases, or TRAC leases, allow you to get the equipment your business needs at the lowest possible rate. This means a lower monthly payment for you and more cash on hand for your business operations. Keep in mind, your business will still hold the depreciation benefits, and the tax savings are passed along to you through your lower payments. Not to mention, your payments are completely tax-deductible.

FMV Lease

Fair Market Value Leases, or FMVs, offer you the literal Fair Market Value of the vehicle. This value is determined by evaluating the potential value between a willing buyer and a willing seller, based on similar vehicles, terms, and conditions. The vehicle remains under the lending company's ownership. It's important to note that mileage caps may apply to this lease.

Equipment Lease

Our standard equipment lease is a tax lease on non-titled equipment. Trans Lease takes on the risk of ownership, and you are allowed to claim the entire amount of the lease rental as a tax deduction. There are a variety of lease options available for you for this type of equipment.

Installment Lease

Looking for a lease with a fixed purchase option when the lease terms? An Installment lease may be the right plan for you. Upon execution of the lease terms, the ownership of the vehicle and subsequent tax benefits immediately pass along to you. When the lease terms, there are typically no additional payments and you retain ownership of the vehicle.

Loan & Security Agreement

Purchasing a vehicle? A Loan & Security Agreement sets you up with a lease that gives you the equipment on a fixed rate basis. You can better utilize your operating capital on potential market expansion, deflecting rising costs with the flexibility of convenience and an additional option for equipment cycling over time.

Trade Ins

Looking to trade in your Truck? Or maybe you'd like to trade in a car, boat, or trailer towards your purchase? Regardless, our team of experts will walk you through the process, ensuring you get the most for your trade.

Financing for the best in Trucks

Whether you're looking to finance a new Truck or one that's been around the block, we've got you covered, with options to fit your needs.

Transwest Truck Financing Locations

Truck financing is available nationwide online by applying here or visit one of our Transwest locations.

FAQs

What is the best way to finance a commercial truck?

We believe the best way to finance a commercial truck is through our partner company, Trans Lease. Trans Lease specializes in financing for the commercial truck industry and proudly offers a variety of reliable financing options, including TRAC leases, FMV leases, installment leases, equipment leases, and loan and security agreements. We'll help you find the right financing option based on your budget, credit score, and needs, ensuring that your purchase will be hassle-free.

How much is a down payment for financing a commercial truck?

The down payment on your commercial truck depends on a variety of factors, including loan type, credit score, cosigners, and more. Our team of professionals at Trans Lease can help you understand your options and select the right one for your needs. You may make a down payment of 10% to 30%, but because so many factors affect this, we recommend you talk to our team today.

What credit score do I need to buy a commercial truck?

Many lenders say you need a minimum credit score of 600 to buy a commercial truck, and those with higher scores will get even better rates and financing options. However, we’re proud to work closely with a wide range of purchasers, and our professional team at Trans Lease can assist you in reviewing all of your options.

How does financing a commercial truck work?

There are several ways to finance a commercial truck, depending on your needs and the vehicles you are financing. Our partner, Trans Lease, offers Terminal Rental Adjustment Clause leases, Fair Market Value leases, equipment leases, installment leases, and more. This wide range of financing options means you’ll be able to find the right payment option for you and your business.

Should I buy or rent a commercial truck?

There are benefits to both buying a commercial truck and renting a commercial truck. Renting a commercial truck typically has much lower upfront costs than buying a commercial truck. However, owner-operators who will be putting a lot of miles on their commercial trucks may find purchasing more beneficial. At Trans Lease, we can help you navigate which option is best for your needs and your budget.

Calculate Your Commercial Truck Payments

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About Trans Lease

An important part of the Transwest Family, Trans Lease is our leasing company. Their professional staff is highly skilled in crafting custom leasing solutions that meet the challenges of your equipment financing needs. With nationwide coverage, the Trans Lease team will work with your business to find the perfect financing solution.

Over the past 20 years, their commitment to the industry has moved Trans Lease into the top 100 largest leasing companies in the United States. They are listed in the top 25 privately owned leasing companies in the country. Their experience and volume make them one of the fastest-growing companies in the industry, serving customers in all 50 states, Puerto Rico and Canada.

Their vision is to provide you with the means to scale your business and grow your bottom line. Committed to giving you competitive rates and the best possible terms on every equipment lease, Trans Lease is here for you. Visit the Trans Lease headquarters located in Denver, CO.

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