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How do you finance a truck and trailer?
April 16, 2022 jun Strategy Session

Heavy vehicle finance gives you the ability to purchase trucks, trailers and heavy-hauling vehicles for your business.


Here are some options for finance:


Finance lease: The lender purchases the vehicles and leases them back to you for a specific term. After this time, you’ll have the option of trading it in or refinancing the lease.


Commercial hire purchase: This is like a finance lease, however, when the lease term ends you will own the vehicle.


Chattel mortgage: In this scenario, the vehicle is owned by the business but will be used as security against a mortgage.


If you’re looking to finance any type of heavy machinery, contact a broker today and we can assist you by comparing the most suitable lenders for your situation.



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