How to Finance a Commercial Vehicle With Trans Advantage
Trans Advantage understands that customized, flexible terms are key when it comes to financing. Let us design a financing plan for your specific business needs.
Types Of Commercial Vehicle Financing
The finance industry has tightened, making it harder for moving companies to secure the funds they need. Trans Advantage offers inventory financing, direct financing, loans, and lease agreements for your fleet — with flexible and competitive terms, and decisions made by our team in Fenton, MO.
Two Ways to Finance Your Equipment
INVENTORY FINANCING
Lease or purchase your equipment directly from Trans Advantage.
DIRECT FINANCING
We can help finance the equipment you find elsewhere.
Commercial Vehicle Lease vs. Purchase — Which Is Right for You?
With over 50 years of experience providing personalized lending solutions for companies like yours, we understand that no two businesses are the same. That is why Trans Advantage provides financing options for customers in a variety of circumstances. Whether you are considering buying or leasing transportation equipment, our financing specialists are here to help keep your business moving forward.
Commercial Vehicle Leases
Benefits of Leases:
- Flexible Terms — up to 84 months, depending upon the equipment
- Fixed Payments — always lower than traditional loan payments
- Scalable Lease Structures — enabling us to meet your financial requirements
- Predetermined Residuals — may be financed for an additional amount of time
Consider Leases with Trans Advantage if you:
- Want the lowest monthly payment possible.
- Wish to conserve your cash flow.
- Need to expand your line of credit and increase your working capital.
- Deduct each monthly payment as an expense for the full term of the contract.*
- Wish to establish a solid business relationship with a friendly, professional group of employees working hard to meet your needs.
Commercial Vehicle Loans
Benefits of Loans:
- Flexible Terms — up to 84 months, depending upon the equipment
- Fixed Payments — through the term of the contract
- Contract Paid in Full — following remittance of the last payment
Consider Loans with Trans Advantage if you:
- Plan to depreciate your equipment in three years for tractors and five years on straight trucks and trailers.*
- Wish to prepay or accelerate payments ahead of schedule.
- Want to have equipment paid at the end of the last payment.
- Need to free up your bank’s line of credit or expand your working capital.
- Wish to establish a solid business relationship with a friendly, professional group of employees working hard to meet your needs.
* Trans Advantage is not providing tax guidance; it’s always important to seek independent tax guidance from professionals with knowledge of your business.
Frequently Asked Questions About Financing Types
What is the maximum loan or lease term?
Trans Advantage offers terms up to 84 months for both loans and leases, depending on the type of equipment.
Can I finance equipment I buy from another dealer?
Yes. Through our direct financing program, Trans Advantage can finance commercial vehicles and equipment purchased from other dealerships.
What are predetermined residuals on a lease?
A predetermined residual is a set value assigned to the equipment at the end of the lease term. It can be financed for an additional period of time if needed.
Is Trans Advantage a direct lender?
Yes. Trans Advantage is an independent, direct lender. This means we handle your financing in-house, without brokering your loan to a third party, which results in faster decisions and a more personalized process.