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Qualifying for Tow Truck Leasing & Financing.

Starting or growing a tow truck business takes a lot of effort. It doesn’t matter what industry you’re in, or where you are in your competitive market. Running a tow truck business takes a lot of work, but you can still get the upper hand on your competitors through smart and creative means. One of the best ways to get the upper hand is to stay one step ahead financially. With additional funding through financing, businesses can shorten the amount of time it takes to get important tow trucks to put to work.

If you operate a tow trucking business or are responsible for the financial decisions that involve purchasing tow trucks, you are always looking for ways to get the best deals on tow trucks. Buying a tow truck isn’t cheap, which is why tow truck financing is such a popular option for companies that need to buy a tow truck.

What’s the best option for Financing a Tow Truck?

If you’re trying to finance a tow truck purchase, in many situations the best route is to lease the tow truck. This is popular for most businesses that don’t necessarily want to have to deal with the hassle of a bank that will put a blanket lien on your business. Tow truck leasing becomes a great alternative because it’s cost effective and they only use the tow truck as collateral.

The type of tow truck loan you get will depend on the tow truck leasing companies you work with and the options they provide. There are a couple of ways to lease a tow truck, such as keeping payments low and making one final, large payment at the end, which is called a TRAC Lease. Or you can keep steady payments and only have to pay a single $1 at the end of your lease.

Here’s a great article on the importance of truck leases to improve the bottom line of your business.

How Do I Know if Tow Truck Leasing is Right for Me?

If you’re not sure if you want to lease a tow truck or purchase a brand new tow truck through tow truck loans, you should ask yourself a few questions before making the big decision. Below are a few questions you can ask yourself to get started.

  • How long will I need the tow truck? Is it only going to be used for a certain period of time or will I always need tow trucks for the operation of my business?
  • How much can my business afford every month to finance a tow truck? Certain financing options may be more expensive than your budget allows.
  • Do I want to own the tow truck or do I want to continue leasing other, newer models as my business progresses?
  • What’s my credit score at? The monthly rates for any type of financing will depend a lot on the value of your credit score or collateral you can provide.

Answering these questions can help you to get a better understanding of the scope and goals of your business

If you are in need of a tow truck lease for your business, we invite you to contact us toll free at (866) 458-4777 or Fill out the quick form on the right and one of our Tow Truck Lease specialist will contact you.

When Does it Make Sense To Finance or Lease A Tow Truck?

There are a few different agreement options you can choose from when financing a Tow Truck. You can structure your Tow truck loan as an Equipment Finance Agreement, where you are the owner and just make payments back to the bank until paid off. You can structure your agreement it as a $1 buy out lease, where you are not the owner until all payments are made back to the bank and you own the dump truck at the end for $1. You can structure it as a TRAC Lease. A terminal rental adjustment clause lease ( TRAC Lease ) combines all the advantages of Tow truck loans while retaining the option to purchase the equipment at the end of the lease term at a pre-determined residual agreed to when the lease starts.

Equipment finance agreements and $1 buy out leases give you ownership just as you would have paying cash but gives you the cashflow benefit of not having to come out of pocket for the full cost of Tow Truck.

TRAC Lease's can enable you to share in any upside proceeds gained from the sale of Tow Truck at the end of lease. Will give you lower monthly payments which will result in improved cashflow. Gives larger Tow truck companies with fleets off balance sheet financing. Full tax deductibility. The IRS code allows the Tow truck company to maintain the “full deductibility” of a true/operating lease.

Bad Credit Tow Truck Lease Deals!

If you have low, bad or no credit score, financing groups like Trust Capital can help businesses gain access to the Tow trucks they need through used tow truck leasing. Instead of paying for the vehicle ownership outright, companies can simply pay for the “use” of the tow truck instead.

Getting a tow truck for your business may feel daunting at first, but it doesn’t have to be difficult. With a tow truck lease, businesses of all sizes, ages and credit profiles can gain access to the towing tools and tow trucks they need to build and sustain a thriving tow truck business. Make sure to work with tow trucking finance companies that actually deliver you offerings that they advertise. Whether you have good credit or bad credit, have been in business for years or just starting out, there’s financing available for everyone. We've seen many unethical practices and Trust Capital strives to provide you with an unparalleled tow truck funding experience.

If you are in need of a tow truck lease for your business, we invite you to contact us toll free at (866) 458-4777 or Fill out the quick form on the right and one of our Tow Truck Lease specialist will contact you.

Tow Truck Financing For Good Credit. Simplified.

We know that your time is valuable. The tow truck loan search can be long and difficult, so Trust Capital uses a simplified application process to get you the financing that you need as fast as possible. Compared to traditional lenders, our advantages to you include:

  • Lowest rates for tow truck loans in the industry
  • 100% purchase financing.
  • Up to $150,000 with a simple one-page application.
  • Up to $10,000,000 with financial disclosure.
  • Next-day funding with pre-funding available.
  • Deferred payment options and terms up to seven years.
  • No down payment requirements.
  • Same day approvals.
  • Eligibility to buy all new and used Tow Truck purchases.
  • No pre-payment penalty.

Preferred Tow Truck Vendors

We have utilized our years in business, experience with Tow Truck vendors, and formal resources to weed out Tow Truck vendors that are not well suited for our customers. To that end, we have found some very reputable, strong, and successful Tow Truck vendors we are happy to share with you.

If you would like Trust Capital to provide you with a list of reputable Tow Truck vendors in your area, we ask that you please visit our Tow Truck Equipment Locator page and fill out the short form.

Start Up Tow Truck Financing

Having the most reliable and upgraded tow trucks for your start up tow truck business, acquired with affordable and fixed monthly payments, can have a lot of benefits for your start up tow truck business. Lease tow trucks that depreciate and save your working capital for things that appreciate like hiring the best people, new location rent, inventory and supplies. Compared to traditional lenders, our advantages to you include:

  • 100% purchase financing
  • Up to $150,000 with a simple one-page application
  • Up to $3,000,000 with financial disclosure
  • Next-day funding with pre-funding for equipment vendors available
  • 12 - 72 month fixed payment terms
  • No down payment requirements - qualified borrowers
  • Lowest Rates in the industry for qualified borrowers
  • Eligibility for all new and used equipment purchases
  • No debt on owners personal credit reports
  • No pre-payment penalties

Credit Requirements for start up Tow Truck companies:

  • Business license or active business entity with the secretary of state
  • Personal guarantees required from all owners
  • Minimum 600 credit score
  • No bankruptcies in the last 7 years
  • No unresolved tax liens

Get Tow Truck Loans for Your Business Today

Regardless of your company’s specific needs, we can provide tow truck loans that help you succeed without the financial stress you might otherwise experience. With the help of Trust Capital, you won’t need to worry about being unable to get the resources you require. Contact us today and we’ll get you started on a tow truck lease today.


Use the short form on this page


You will receive a credit decision in two hours.



Funding in two to four hours.

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