Utility Box Truck Financing

Are You Looking to Buy a Utility Box Truck and Need Financing?

We Are The Number One Independently Owned Transportation Equipment Finance Company in the United States.

Let Us Help You Grow Your Fleet

Utility box trucks are your go-to for moving tools, equipment, and materials to job sites or clients’ homes and businesses. However, as vital as these vehicles are for conducting your day-to-day operations, affording the upfront costs can be a challenge.

Whether you are starting a new business or growing your fleet, Commercial Fleet Financing can help with customized financing solutions that fit your needs and budget.

Our knowledgeable team at Commercial Fleet Financing is your solution for financing all types of utility box trucks. We can help you experience the maximum benefits of financing utility box trucks, including improved cash flow and, most importantly, fleet expansion.

What Types of Utility Box Trucks Do We Finance?

We finance all types of utility trucks, service trucks, and work trucks. We can help you with competitive rates and a streamlined application process. Here are some of the types of box trucks we finance, with different work truck bodies for your business needs.

Standard Utility Box Trucks

Standard utility box trucks are small trucks with an enclosed cargo area designed to transport personal goods. These trucks are the kind of truck used by moving companies for local moves (and sometimes hired by people to drive), as well as for last-mile deliveries and by tradespeople who don’t need specialized equipment.

Commercial Fleet Financing can help you get one or more of these vehicles for your business and give you a good deal on financing.

Service Body Trucks

Service body trucks are designed for tradespeople. They typically have multiple compartments and storage areas that are accessible from the exterior. Most often these are used by electricians, plumbers, landscapers, and others who need organized storage for their equipment.

If you need a service body truck for your business, they can be a little more expensive, so let Commercial Fleet Financing help.

Enclosed Service Utility Vans (SUVs)

Enclosed service utility vans organize tools and equipment on the inside. They have built-in shelving, workbenches, and tool storage. These vans are used by service professionals who may need a private place to work while on the road. The larger ones offer enough headroom to stand.

These trucks can cost as much as $100,000, especially if you need them customized. Commercial Fleet Financing can handle these larger loans and help you get the perfect mobile workshop.

Telecommunications and Utility Service Trucks

Telecommunications and utility service trucks are specialist vehicles designed for telecommunications and utility companies. They have specialized compartments and equipment and may have equipment designed to service overhead wires.

These can also be very expensive and sometimes, it can be hard to explain your financing needs to banks or general leaders, making a specialist lender valuable.

How Does Utility Box Truck Financing Work?

We offer an easy application process for all of our financing solutions. Our goal is to keep truck financing as simple as possible. Simply follow these steps:

Fill out our simple online application. If you need more guidance, you can contact one of our professionals.
Provide the required documentation, which includes proof of business ownership, financial data, and details of the kind of truck you are looking into buying.
Let us review and approve your application. We approve applications quickly.
Go over your financing options. We provide competitive rates and terms and advise on the best option for your truck type and loan amount.
Receive your funds and use them to buy your truck(s).
Enjoy ongoing support through the life of your loan.

We offer specialist financing and understand the commercial trucking industry, allowing us to serve you better than generalist lenders or banks.

Utility Box Truck Loans vs. Utility Box Truck Leases

Deciding whether to get a loan or lease your trucks can also be difficult. Here are some things to think about:

Benefits of a Utility Box Truck Loan

Ownership: Once the loan term is over, you own the truck outright. This means you have the freedom to further customize it to better suit your needs, or sell it if it is no longer suitable, recouping some of your investment.
Potential tax advantages: You may be able to deduct the interest you pay on the loan and claim depreciation on the value of the truck. Check with your tax advisor.
Potentially lower long-term costs: If you plan on keeping the truck for a long time, then a loan may be more cost-effective in the long term, despite the higher initial investment. You can avoid lease-end fees.
Equity: You build equity in the truck. For higher-value vehicles, this then gives you valuable collateral you can use for a future loan.
Sense of security: Owning your truck outright can help you feel more secure and in control. You have full control over a vital business asset.

Benefits of a Utility Box Truck Lease

Lower upfront cost: A loan comes with a hefty downpayment. A lease comes with a security deposit. If your cash flow is particularly tight, a lease can help you expand your fleet.
Predictable monthly payments: Loan payments are impacted by interest. Lease payments are typically fixed for the entire term. This makes budgeting easier.
Potentially lower maintenance costs: Some leases include routine maintenance costs, saving you the time, hassle, and cost of scheduling and paying for maintenance services.
Access to newer vehicles: With a lease, you can typically upgrade to a new truck every few years, benefitting from improved technology and safety advancements. You can even get better fuel efficiency as well as reducing the high maintenance costs of older vehicles.
Flexibility: Leases can be more flexible, allowing you to choose the length of the term to align with your needs.
Focus on core business: Leasing your trucks means you don’t have to worry as much about maintenance or resale value and can focus on what you do best.

The key differences between loans and leases are simple. It boils down to ownership and upfront costs.

With a loan, you own the truck outright once it is paid off and can sell it, customize it, or keep it. With a lease, you are renting the truck for a predetermined period, and are expected to return it in good condition.

Regarding upfront costs, a loan requires you to pay a down payment, which can be substantial. With a lease, you just have to pay a security deposit or the first month’s payment in advance. This is also better if you don’t have a good credit score.

Why Choose Commercial Fleet Financing?

We have years of experience as specialist lenders. As we only do vehicles and equipment, we can focus on the industry and our knowledge, and help you with unusual loans, such as for custom service body trucks.

We offer competitive rates, easy and fast approvals, and specific expertise. Our experienced financing specialists can guide you through every step of the journey, allowing you to focus on your business. We work with both new businesses and established fleet owners.

Drive Your Business Forward with Commercial Fleet Financing

Contact Commercial Fleet Financing to get pre-approved today. We will give you a personalized quote so you know your budget and can move forward quickly.