Heavy-Duty Wrecker Financing

Are You Looking to Buy a Heavy-Duty Wrecker and Need Financing?
 
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When you work in towing and recovery, you are dealing with a complex industry. The majority of recovery companies do not have heavy-duty wreckers that have a towing capacity between 25 and 100 tons. That means there’s an opportunity for your business to offer what your competitors don’t – recovery operations and towing for buses, semi-trucks, and other heavy-duty vehicles. 

Whether you already have heavy-duty wreckers as part of your fleet or are looking to expand into this service offering, Commercial Fleet Financing is here to help you get the equipment you need. We understand the specific challenges of getting financing for these large, expensive, and specialized vehicles.

Our team of heavy-duty wrecker financing experts can help you find solutions that work for your budget and business goals. We’ll walk you through all your options, make sure they make sense for your needs, and provide all the ongoing support you need.

We are in it with you for the long, heavy-duty haul. Contact us today to discover how you can add a new or used wrecker to your fleet.

What Your Company Can Do With Heavy Wreckers

There are a ton of business opportunities for companies that have heavy wreckers. Because these vehicles are always in short supply, you should always be able to find work and could set yourself up to really stand out in your market. Some common applications include:

Large Vehicle Accident Recovery

The most common use of heavy wreckers is in accident recovery. These big tow trucks are used to recover large vehicles, such as a semi-truck flipped on its side or a bus in a ditch.

Off-Road Recovery

Heavy-duty wreckers can also be used off-road. They can maneuver in places where there is a lot of mud, sand, or ditches, where a smaller vehicle might get stuck.

Machinery Moving

Another common use of heavy towing equipment is moving machinery and equipment that smaller trucks can’t handle. This is especially applicable to the construction, mining, manufacturing, transportation and logistics, agriculture, oil and gas, agriculture, and emergency services sectors.

Infrastructure Support

Heavy-duty wreckers can come in handy for construction and demolition projects where extra strength and torque are needed. For example, they can move a crane into position, remove a large beam, clear heavy debris, and more.

Disaster Relief

While less often needed, heavy-duty wreckers can make a huge difference after a natural disaster. They are often used to clear debris and large vehicles that can get in the way of relief and recovery efforts.

What Kinds of Heavy Wreckers Do We Finance?

Heavy wreckers come in two main categories: heavy-duty tow trucks and rotator trucks. Commercial Fleet Financing has options for all types to help you upgrade your existing fleet, enhance your business’s capabilities, and handle more complex and lucrative recovery operations.   

Heavy Duty Tow Trucks

These specialized tow trucks are designed specifically to handle large, heavy vehicles that standard tow trucks cannot manage. They’re often equipped with powerful winches, cranes, and other equipment to tow, recover, and transport heavy-duty trucks, buses, RVs, construction equipment, and other oversized loads. With Commercial Fleet Financing on your side, you could add one or more of these powerhouse vehicles to your business and take on the jobs your competition can’t do with their lighter-duty equipment. 

Single-Telescope Boom Rotator Truck

Single-telescope boom rotator trucks are the most common type. They’re known for their versatility and wide range of applications, including uprighting overturned vehicles, towing disabled vehicles from ditches, lifting and moving heavy machinery, and construction/demolition projects. Commercial Fleet Financing can help you finance these essential trucks, ensuring your business is equipped to handle diverse towing and recovery operations efficiently.

Double-Telescope Boom Rotator Trucks

Double-telescope boom rotator trucks are designed for the most demanding recovery operations, featuring a two-stage telescoping boom that extends further than single-telescope models. This added reach is needed to access vehicles in challenging locations, such as overturned vehicles on bridges or overpasses, those trapped in collapsed buildings, and heavy machinery in deep mud or water. Let Commercial Fleet Financing ensure your business is well-equipped to expand its capabilities and take on more challenging and profitable recovery operations with these rotators. 

Heavy-duty wrecker preparing to hook up to a semi-truck.

Why Choose Commercial Fleet Financing?

With over 25 years of experience financing heavy-duty wreckers, Commercial Fleet Financing is your trusted partner for all your heavy-duty wrecker financing needs. Our expertise with this equipment and deep understanding of its value enables us to craft customized financing solutions that work for your business. Here’s why you should choose us:

  • Fast Approval: Our easy online application and direct consultations with specialists ensure quick approvals.
  • Personalized Solutions: We tailor financing options based on your credit and business history, budget requirements, goals, and preferences.
  • Competitive Rates: Benefit from some of the best rates in the tow truck financing industry.
  • Rapid Funding: Often, we can get applications approved within 24 hours, so you get your next tow truck when you need it.
  • Ongoing Support: We believe in long-term partnerships, providing continuous support for your evolving financing needs.

When your business needs a boost or new/used equipment fast, turn to Commercial Fleet Financing. We help businesses grow and become leaders in their markets. Let us help you next.

How Does Heavy-Duty Wrecker Financing Work?

Getting financing for a vehicle that this specialized and expensive is a challenge. That’s why our team at Commercial Fleet Financing is made up of specialists who understand the industry and offer a straightforward process to get you on the road to enhancing your towing business quickly and easily.

  • Application: Submit our easy online application. Or, if you need extra help, connect with our financing specialists.
  • Review and Approval: We will take a look at your credit report, business history, and other specific requirements to determine eligibility.
  • Financing Options: We will go over your financing options with you, helping you find one that fits your requirements, budget, and goals.
  • Funding: When you’re ready, we’ll finalize the paperwork and secure your funds – often within 24 hours.
  • Ongoing Support: After you get your funds, we’ll continue to provide ongoing support to help you with your questions and support for new needs.

What Financing Options Do I Have?

You have a variety of options for financing your heavy wrecker, but the most common are loans and leases.

Loans

Taking out a loan is most people’s first choice when it comes to financing an equipment purchase. While this is often a good option for many situations, it often comes with upfront costs, such as a down payment. Advantages include:

  • Preserving Capital and Improving Cash Flow: Large upfront purchases can strangle your cash flow. A loan allows you to spread out the high cost of the wrecker over a loan term, which leaves you with your cash reserves intact. Reducing the immediate cash outlay makes your cash flow more predictable and easier to handle.
  • Easier Budgeting: Loan payments are a fixed expense that keeps your budget process simple and improves financial planning. You also may be able to deduct the interest on your loan from your business taxes, lowering your overall liability.
  • Access to Newer Wreckers: On your own, you may only be able to afford something older and outdated. With a loan, you can purchase a newer, more reliable, and safer wrecker, and potentially increase your service offerings.
  • Build Business Credit: Paying a loan this size, consistently, will help build a strong credit history for your business that will make it easier for you to finance in the future.

Leases

The other common option is to lease a heavy-duty wrecker instead of purchasing one. With leases, you basically rent the equipment for a set period of time, although some leases have the option to purchase at the end of the lease agreement.

Leases have the downside of you not owning the equipment and potential insurance requirements, but do have some advantages:

  • Lower Upfront Cost: With a lease, you pay a much smaller down payment, freeing up capital. Payments are also usually less than what you see with loans because you’re only paying on the equipment depreciation, plus interest.
  • Different Tax Advantages: Lease payments are often completely deductible on your taxes, whereas with loans, you can only deduct the interest. Talk to your tax advisor about whether lease payments are a tax-deductible expense.
  • Newer Equipment: You can typically lease newer equipment, enabling you to offer a more reliable, state-of-the-art wrecker that can strengthen your value proposition and reputation for service, as well as attract more customers. You can also upgrade to a newer wrecker at the end of your lease term, which gives you access to the latest models, features, and capabilities.