Forklift Financing

Are You Looking to Buy a Forklift and Need Financing?

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

Whether you’re a manufacturing company using forklifts for moving goods, a warehouse or distribution center fulfilling orders, or a construction site lifting materials, you need the right forklift.

The high cost of forklift ownership can be challenging, yet your business operations won’t grow without the right equipment. Commercial Fleet Financing helps you secure financing for both new and used forklifts, as well as any other industrial equipment you might need. Our friendly, expert team will guide you through every step, offering competitive rates, flexible terms, and tailored service.

Whether you’re eyeing your first warehouse forklift or expanding your fleet with multiple pieces of equipment, you deserve to work with a company that understands your industry. Commercial Fleet Financing has the financial expertise and experience to lift your business to the next level.

What is Forklift Financing?

Forklift financing helps your business secure necessary, but often costly equipment through affordable monthly payments. Here’s how different industries use financing:

Warehouses and Distribution Centers: With forklifts essential for moving and stacking goods, financing frees up capital.
Manufacturing Companies: Financing spreads out the cost of using forklifts to transport materials.
Construction Companies: Financing your forklifts frees up funds for other essential site needs.
Retail Businesses: Financing is a good option for inventory management and navigating seasonal cash flow changes without accumulating excess costs.
Landscaping Companies: Financing minimizes the upfront financial burden of using forklifts to move heavy materials, enhancing operational efficiencies.

What Types of Forklifts Do We Finance?

Expanding your fleet or updating old forklifts with newer technology can enhance productivity. Commercial Fleet Financing provides financing for a variety of types of forklifts including:

Rough Terrain Forklift

Designed for outdoor environments and uneven surfaces, this lift truck transports heavy building materials. Commercial Fleet Financing supports you with monthly payments structured to match your business needs.

Telehandler

This type of forklift can handle heavy materials using its telescoping boom. Commercial Fleet Financing reviews your financials to help you acquire new telehandlers with one easy monthly payment.

Counterbalance Forklift

These machines are widely used on construction sites for lifting hefty pallets. If buying forklifts outright is challenging, Commercial Fleet Financing can provide you with options for loans or lease agreements.

Narrow Aisle Forklift

These forklifts reach high shelves in tight warehouse spaces. Commercial Fleet Financing walks you through the benefits of leasing compared to taking out a loan.

Order Picker

Your operators reach high-bay storage items quickly and safely with this type of forklift. If you’re worried about disposal costs for old equipment, Commercial Fleet Financing helps you arrange a lease agreement instead.

Reach Truck

Extending forks pick up pallets in deep storage racks. Commercial Fleet Financing offers financing solutions to increase equipment uptime with reliable machinery.

Side Loader Forklift

These forklifts pick up loads that conventional forklifts can’t. Let Commercial Fleet Financing show you how financing offers the same benefits as ownership, without significant upfront costs.

Pallet Jack

These are essentially the most basic form of a forklift and can easily move pallets short distances. Move your business further with tailored financial solutions from Commercial Fleet Financing.

Compact Utility Forklift

These small forklifts are often used for landscaping. Commercial Fleet Financing helps you free up capital with a manageable down payment and easy monthly payments structured for your unique finances.

How Does Forklift Financing Work?

Our streamlined financing process helps you obtain forklifts without straining your finances or disrupting your workflow:

Application: Easily submit an online application or speak with our financing experts.
Review and Approval: Our financing specialists evaluate your credit history, business experience, and machinery needs.
Financing Options: We guide you through selecting the best financing solutions that align with your budget, business objectives, and forklift requirements.
Funding: Once you choose your financing plan, we handle your paperwork and typically secure your funds within 24 hours.
Ongoing Support: We continue to offer support after your purchase.

What Financing Options are Available for Forklifts?

Commercial Fleet Financing offers a variety of financing options for new and used equipment:

Loans

With a loan, you borrow funds from a lender, who evaluates your financials and creditworthiness to establish the loan amount, interest rate, and repayment terms. Typically, the forklift is collateral. You repay the loan over 2 to 7 years.

Forklift loans are a good fit if you want:

Ownership and Customization: Forklift loans allow you to own the equipment outright, giving you the freedom to customize it according to your specific needs. This could involve adding attachments, repainting them for branding purposes, or making modifications to improve their functionality for your particular layout or tasks.
Potential Tax Advantages: Depending on your tax situation, owning a forklift financed through a loan may qualify you to claim depreciation deductions. These deductions can help reduce your taxable income over time.
Favorable Loan Terms with Good Credit: A strong business credit score can qualify you for more favorable loan terms with forklift financing, which could translate to lower interest rates, longer repayment periods, or even larger loan amounts to fit your specific needs.
Stable Cash Flow Management: Forklift loans typically involve fixed monthly payments that can help with consistent budgeting and forecasting.

Forklift loan benefits include:

Build Equity and Long-Term Ownership: Choosing a forklift loan allows you to build equity in the equipment over time. When you’re the full owner of the forklift, you’ll have a valuable asset on your books.
Potential Tax Savings Through Depreciation Deductions: Financing a forklift through a loan allows you to potentially claim depreciation deductions on your taxes. The IRS allows businesses to spread the cost of the forklift over a designated period and deduct a portion of that cost each year as an expense.
Flexible Loan Options for Cash Flow Management: Forklift loans come with a variety of options that can be tailored to better match your cash flow. You might be able to negotiate loan terms with a longer repayment period to spread out the payments, allowing for smaller monthly payments. Some lenders may even offer seasonal payment options that align with your business cycles, allowing for higher payments during peak seasons and lower payments during slower periods.

Leases

With a lease option, rent your forklifts while making monthly payments for 2 to 5 years. At the end of the lease, you may return the equipment, buy it at market value, or negotiate lease extensions.

Forklift leases may be a good option if you are looking for any of the following benefits:

Minimize Upfront Costs and Conserve Working Capital: Forklift leases typically require a lower down payment compared to loans. By minimizing the upfront financial burden, a lease allows you to acquire the forklift you need without significantly impacting your current cash reserves.
Stay Ahead of the Curve with Access to Newer Technologies: Unlike loans where you own the depreciating equipment, forklift leases allow you to upgrade to the latest forklift models with more advanced features and technologies at the end of the lease term. In addition to significantly improving efficiency, safety, and overall productivity in your operation, you also won’t have to worry about the hassle and potential costs associated with selling or disposing of an older forklift when you no longer need it.
Potential Tax Advantages Through Lease Deductions: Lease payments for a forklift may be considered a business expense, potentially offering tax benefits. You can deduct the entire lease payment from your taxable income, which can lead to tax savings each year of the lease term.
Maintain Flexibility for Changing Business Needs: A forklift lease offers greater flexibility compared to ownership. If your business needs fluctuate, you’re not locked into owning an asset that may not always be necessary. At the end of the lease term, you have the option to return the forklift, upgrade to a different model that better suits your current needs, or potentially purchase the forklift if it continues to be a valuable asset for your operation.

Potentially Simplified Maintenance: Many forklift lease agreements include routine maintenance in the lease payments, which eliminates the burden of managing and scheduling maintenance for your forklift fleet.

Why Finance Your Forklift with Commercial Fleet Financing?

Commercial Fleet Financing offers a streamlined process and competitive terms for financing your forklift. Since 1995, we’ve helped businesses finance specialized equipment.

With us, you’ll receive competitive rates tailored to your business. We prioritize a quick and straightforward process, offering flexible terms and specific deals for forklift equipment purchases. Our financing options are designed to meet your needs promptly. Most loans are approved within 24 hours and funding is possible in two business days.

At Commercial Fleet Financing, we ensure transparency in our pricing — no hidden fees or complex terms. From start to finish, and throughout our ongoing support, you’ll know exactly what to expect. Choose us for your forklift financing needs and experience the difference our competitive rates, flexibility, and customer-focused service make.