Tow Truck Financing

Whether you’re a seasoned professional looking to invest in the latest tow or wrecker equipment or a growing business seeking to establish a reliable fleet, Commercial Fleet Financing’s comprehensive loans are designed to meet your specific needs.

From a streamlined application process to competitive rates and ongoing support, Commercial Fleet Financing simplifies the financing journey for fleet managers seeking to enhance their tow and wrecker operations.

Our financing solutions are crafted to enhance opportunities within industries that specifically utilize tow and wrecker equipment. As your financial partner, we provide flexibility needed to acquire, upgrade, or expand your tow or wrecker fleet. Whether you are a repair shop owner, an auto dealer, or manage a traditional tow company we can finance the equipment you need to keep operations running smoothly.

Want to finance more than tow trucks and wreckers? Learn more about our comprehensive commercial truck fleet financing services.

What Kinds of Tow Trucks and Wreckers Do We Finance?

Commercial Fleet Financing is your go-to partner for securing tailored financing options designed specifically for a range of equipment. We offer financing for various tow and wrecker types and accessories including:

  • Wrecker Tow Trucks: Versatile and powerful, these trucks recover vehicles from accidents or breakdowns, equipped with booms, winches, and tools for diverse towing situations.
  • Rollback Tow Trucks: Ideal for safe vehicle transport without wear and tear, these flatbed trucks excel in long-distance towing and moving disabled or damaged vehicles.
  • Heavy Wreckers: The go-to choice for heavy-duty towing needs, handling large vehicles like buses, semis, and construction equipment for recovery in challenging situations.
  • Used Tow Trucks: Our financing options extend to used tow trucks, providing budget-friendly solutions for acquiring reliable vehicles that suit your business needs.
  • Rotator Tow Trucks: Specialized for complex recovery operations, these trucks feature rotating booms, suitable for uprighting overturned vehicles and handling heavy cargo.
  • Wheel-Lift Tow Trucks: Highly maneuverable and perfect for urban towing, these trucks use a hydraulic lift mechanism to secure vehicles by their tires, offering versatility.
  • Heavies New and Used: Commercial Fleet Financing specializes in financing Heavies. We offer tailored solutions that range from longer terms than the competition, less down payment, or simply the ability to lend on older or more unique equipment. Having been in operation since 1995, we have more experience and understand the equipment better than the big banks or the lenders who simply lend on all commercial equipment in general.

Our expertise extends beyond generic programs, ensuring that your specific equipment needs are addressed with precision.

Trust Commercial Fleet Financing to provide the support you need to put your equipment to work faster with the best possible finance solution for your specific situation.

How Does Tow Truck Financing Work?

Tow truck and wrecker financing with Commercial Fleet Financing provides you with the flexibility and support you need to add essential equipment to your fleet. The process involves:

  • Application: Completing our quick, user-friendly online application or connecting with our financing specialists.
  • Quick Review and Approval: Our team quickly reviews your application, considering factors such as personal or business credit history, time in business, and specifics of your equipment requirements to provide financing options that align with your needs and goals.
  • Financing Options: Upon approval, we present you with tailored financing options. Choose from a range of programs, terms, rates, and structures that align with your business goals and budget.
  • Funding: Finalize the necessary paperwork after selecting the most suitable option. Once completed, the approved funds are disbursed, allowing you to acquire the equipment you need.
  • Ongoing Support: Our commitment extends beyond financing. We provide ongoing support, where a tow or wrecker finance specialist will address any questions or concerns you may have about your fleet financing needs.

With our streamlined process, you could be financed in as little as 24 hours!

 
Image of a tow truck with a sedan connected to the back.

Understanding Tow Truck and Wrecker Financing Options

Financing with Loans

Equipment purchased with a loan becomes a tangible asset with potential resale value, depreciating on the company’s profit and loss statement. In many cases, the interest paid is tax-deductible. For specific details, it’s advisable to consult a tax professional.

For those aiming to build equity while minimizing upfront costs, Commercial Fleet Financing provides the advantage of traditional loans tailored to their needs. Our traditional loan options not only empower businesses to accumulate equity but also offer flexibility in terms.

Additionally, for those looking to reduce initial expenses, we provide the option to waive down payments, ensuring a more budget-friendly approach without compromising on the benefits of traditional financing. With Commercial Fleet Financing, businesses can navigate the path to ownership with financial solutions that align with their growth objectives.

Financing with a Lease

Though leased equipment is owned by the bank, this financing option offers advantages such as lower initial payments, monthly payment write-offs for tax purposes, and suitability for new or newer equipment within warranty periods. Put simply, leasing is similar to renting in that you continue to pay off your loan debt throughout the duration of your financing plan and build equity as you continue to make payments.

Many businesses prefer leasing new or nearly new equipment for shorter periods to reduce repair costs and ensure fleet uptime. While leases offer lower monthly payments, early payoff or trade-in may incur the sum of remaining payments. To maximize lease benefits, align the term with the intended equipment usage duration.

By choosing to lease, you gain access to a commercial truck for your business operations without burdening your credit capacity. This flexibility is particularly advantageous as it preserves your ability to secure credit for other essential aspects of your business.

If you have questions that were not answered here, contact our team today to explore your financing options for tow equipment.

Why Choose Commercial Fleet Financing?

  1. Low Rates: Get the best rates in the market based on credit, years in business, and other factors. Our rates compete with banks and credit unions, and our process is faster.
  2. Flexible Terms: Enjoy famously flexible terms with special offers and incentives on different equipment purchases. And with a variety of programs to choose from, you’ll be able to get what you need, when you need it.
  3. No Hidden Fees: Our programs are transparent with no hidden fees or confusing “banker language.”
  4. Simple Application: Fill out our simple 1-page form and be on your way to financing in as little as 24 hours.
  5. Speed: Our commitment to efficiency ensures that you can put your equipment to work faster and gain a competitive edge in your industry. With our expertise, we go beyond providing quick solutions – we deliver the best possible financing tailored to the specific needs of your business and the demands of your industry.
  6. White Glove Service: Complete a quick application, and we handle all the heavy lifting to get you cash-in-hand in as little as 24 hours.

Choose Commercial Fleet Financing for a partner dedicated to supporting your tow truck financing needs with competitive rates, flexible terms, and a customer-first approach. Contact us today to kickstart your journey to a stronger, more efficient towing fleet.