Financing an Equipment Trailer: A Guide for Securing the Funds You Need
Are you looking to purchase an equipment trailer but don’t know where to start when it comes to financing? Financing an equipment trailer can be a challenge, but there are plenty of options to choose from. In this blog post, we will explore the different financing options available and how to choose the best one for your needs. We will also look at the advantages of financing an equipment trailer and what you can expect from a successful financing deal. By the end of this post, you will be equipped with the knowledge to confidently find the right financing for your equipment trailer.
WHAT YOU SHOULD KNOW ABOUT FINANCING AN EQUIPMENT TRAILER IN FLORIDA
There are a few players in the equipment trailer financing world. Traditional Financing, Revolving Account, and Rent to Own.
Financing an Equipment Trailer in Orlando Florida
The biggest and probably the best is Sheffield Financial which is owned by Truist Bank (BB&T). Sheffield started as a small finance company financing commercial mowers, power sports and trailers and became the very best and biggest in all 3 categories. They are fast. For example, if you’re in Jacksonville Fl and want to finance a deckover equipment trailer, you can go to their website www.sheffieldfinancial.com and 15 min later be approved for financing. The great thing about Sheffield is the upfront cost of the loan which is very reasonable. They have a very efficient portal for the Equipment trailer dealer to log into and modify or print the trailer financing contract. Here is a great example of a typical response we get at Bigfoot Trailers. A Customer from Orlando calls and say I need a Flatbed equipment trailer to haul my Kubota skid steer and a John Deere Mini excavator now but it’s going to be a few months before I have the cash to pay for it. I only really need financing for a few months and then I can pay it off. I just got awarded a big job with the City of Orlando and when I get paid I will pay off the loan. Many other finance companies out there will charge as much as $300 in doc fees and other costs just to start the loan. I was able to get this customer in Orlando financed for his deckover trailer for $100 thru Sheffield Financial. Since there is no pay-off penalty on trailer loans all he will have spent to finance his trailer is $100 plus a little bit of interest for the time he had the loan.
Financing an equipment trailer with a revolving account In Jacksonville Florida
Recently, we had a customer from Jacksonville, FL ask us to deliver an equipment trailer directly to his jobsite in St. Augustine. He told me that he had gone to his local Bobcat skid steer dealer and He didn’t quite have a high enough credit rating to get approved through Sheffield. We ran him thru …… and he was approved for a revolving line and we were able to get him approved and the trailer delivered the next day. The interest rates a bit higher with a revolving/credit card company but in some cases it’s the best option.
Financing an equipment trailer in South Florida, Miami Area.
I had a customer from Miami call recently. He told me he had just applied to buy a home in Fort Lauderdale and was nervous that if he tried financing an equipment trailer it would affect his ability to get approved for the house. He needed the trailer because he had a huge job in the Homestead area doing the land clearing for a major home builder based in Fort Lauderdale. He was so happy when I explained that he could start financing an equipment trailer with no credit check on a rent-to-own program we offer thru Home Town capital. www.hometowncapital.com This Miami resident was blown away when we explained that even on the rent-to-own program he could pay it off his trailer early.
Learn More About Financing an equipment trailer with Sheffield Financial!
Sheffield Financial is a great option for financing an equipment trailer. They offer competitive terms with no money down, no prepayment penalty, and flexible repayment terms. Their financing options are tailored to the customer’s needs, with a fast and easy application process and quick credit decisions. Sheffield Financial also offers a variety of payment options, including automatic withdrawal from your bank account. Whether you’re looking for a short-term or long-term loan, Sheffield Financial has the right loan for you. Best of all, they are committed to customer service and providing a positive experience. With Sheffield Financial, you can be sure you’re getting the best deal possible when it comes to financing an equipment trailer.
Learn More About Financing an equipment trailer with No Credit Check with a rent-to-own option from Hometown Capital!
When it comes to financing an equipment trailer, Hometown Capital is a perfect choice. We offer competitive rates and convenient repayment plans to fit your budget. Our team of experienced professionals will take the time to understand your needs and find the best solution for your trailer purchase. We provide flexible terms and competitive rates so you can find the right financing option for your trailer. We also offer pre-approval so you can be sure of the terms before you make your purchase. With Hometown Capital, financing an equipment trailer is a stress-free experience.
