Trailer Finance and trailer loans are widely prevalent and more common in the United States.
As trucks account for 90% of the transportation across the nation, trailers are in great demand because trucks require trailers to carry the load.
A trailer is a backbone for trucks and semi-trucks and choosing the right type of trailer can save more money for your business based on load capacity and purpose.
So when you decided to purchase a trailer you can learn more about various types of trailers that are available in the market.
Once you choose your equipment, you can determine the price of the trailer and get ready for the trailer finance.
A lot of trailer financing companies have been around for a long time to support trailer financing on-demand, so choosing a partner who specializes in trailer financing is crucial to your success.
At Singh Lending Solution we have years of experience in Trailer financing and this is the reason why we are here today.
We help businesses, consumers and owner-operators finance different kinds of trailers for your needs.
There are usually 3 key processes to finance a trailer and it begins with
When financing a new or used trailer, trailer financial companies often look at the make, model, age, and condition of the trailer.
So if the trailer is in good condition you are more likely to get your trailer finance done easily because a trailer in a bad condition is more likely to burden your expenditure.
Be sure to purchase a trailer in the right condition without much wear and tear.
If you want to finance a trailer, banks necessarily don’t finance a trailer and if they do finance it may take a longer time.
At Singh Lending Solution we are one of the premier business consultants for truck and trailer financing, so we can help you get out of the loop.
Basically, when you apply for trailer financing with a lender or a bank, they will at first check the creditworthiness to determine the best financing option for you.
So to get the best trailer financing terms, having good credit will make sure that your trailer finance would be possible.
Also if you are able to provide a sufficient down payment, that would significantly increase your chance of trailer finance even far better.
And in most cases, a low debt to income ratio would be a valuable asset for you to prove your financial stability to a bank or a lender to provide the financing you need.
A five-year loan term is a smart financial decision for trailer financing, but a longer-term will give you more flexibility on your monthly payment installment.
Apply for trailer financing today, we are here to support you on your trailer finance buying journey.
Trailers support various activities from transportation to recreational activities depending on the type of trailer you choose to purchase.
For example, camper and travel trailers are considered a recreational luxury, and they often require a high credit score and possibly a down payment to get a lower interest rate.
You can also finance a truck and a trailer together, however, you need to separate loan for each.
Let us take a look at some of the essential trailers that are commonly used in transportation.
Flatbed Trailer is the most common type of trailer because it is simple and open from all sides. So you can carry almost anything you want.
These trailers are commonly used for transporting vehicles and vans to industrial products such as steel coils, construction steel rods, and bars, etc.
Flatbed trailers are 24 feet, 40 feet, 45 feet, 48 feet, and can be 53 feet long, however, the most common being the 48 feet flatbed trailer.
So if you are in the trucking business and you often work with heavy loading, flatbed trailer finance is a good option for your business.
Dry vans trailers are simply enclosed from all the sides, so a load-carrying dry van is safe from outside. Dry vans trailers are often known as enclosed trailer because it has a container.
These trailers are very common as like Flatbed Trailers but with added security.
You can carry almost anything you want in a Dry Vans including industrial items, tools, and other products which are within the boundary of the enclosed dry van.
Dry vans often act as delivery vans for e-commerce goods to industrial products and other accessories.
So depending upon the nature of business a dry van trailer finance would be an added advantage for an on-demand trucking material delivery service.
Although reefer trailers are similar to dry vans, the standard width of Reefers goes to 8.2 feet and a maximum height of around 8 feet.
Reefer trailers are known as refrigerated trailers with automated refrigeration for transporting and storage of goods in extreme conditions.
These trailers are similar to dry vans, however, the only difference is they are made for extreme hot or cold weather conditions with proper insulation inside to maintain the temperature.
Reefers are often used for transporting perishable items such as food and grocery or medicines and other stuff which require a balanced temperature to sustain equilibrium.
These trailers need experienced operators to take care of the automation process and system installed inside.
Reefer trailers are very expensive, hence these reefers are often purchased by large feet and transport management companies.
Travel trailers are often known as Recreational vehicles (RV) because it is used for recreational activities and are often considered as a piece of luxury equipment for camping.
A travel trailer is similar to moving a temporary home from one place to another for outdoor activities.
Some travel trailers are considerably large enough with available compartments such as a kitchen, sleeping room, and bathroom attached.
Depending on the size of the travel trailer this independent vehicle must either be towed by a car or a truck. The bigger the trailer the stronger the vehicle you require.
But some, like the teardrop trailers, are small and light enough to be towed by smart cars or even motorcycles.
RV’s can be anywhere between 10 and 40 feet and weigh anywhere between 1,100 and 12,000 pounds.
Considering travel trailers as a luxury piece of equipment, travel trailer finance requires a higher credit score and possibly a down payment to get a lower interest rate.
Lowboy Trailers are like flatbed trailers which are unpowered but with an increased length and lowered deck
They are typically towed by a Truck and allow operators to haul various types of equipment and freight.
These trailers measures between 30 and 50 feet in length and even more.
The lower deck allows for hauling taller loads than a regular straight flatbed trailer.
The trailer has two separate decks for hauling equipment and can haul around 40,000 pounds for a 2-axle to 80000 pounds for a 4 axle Lowboy Trailer.
So Lowboy trailers are generally designed to transport goods and material which are taller in length.
Consult with us if you are planning for Lowboy Trailer Finance. We will indicate if you need state permits for your particular load or type of freight.
Single drop deck types aka step deck trailer are similar to flatbed trailers that mainly consist of two deck levels an upper deck and a lower deck.
There are Good and items that don’t support general flatbed trailers and those freights often needs a step-deck trailer.
The only difference between flatbed and Step Deck trailer is the maximum legal height.
Step-deck trailers are closer to the ground that makes it easier to carry loads that cannot be transported by flatbed.
Single Drop Deck trailers also include end-ramps for loading and unloading being closer to the ground.
They are open trailers having two deck levels and offer two separate decks for hauling equipment an upper and a lower level.
For more details consult with Singh Lending Solutions. Our advisor can guide you in case you are looking for step-deck trailer finance.
Double Drop Deck is similar to a Step Deck trailer except for a long piece of a trailer with a well that dips in the middle below trailer axles.
The trailer well ranges from 25 to 30 feet and it is ideal for tall and short freight.
Double Drop trailers are used for oversized freight that is taller in size and crosses above 10 feet.
The maximum width and height of Double Deck Trailer measure 8.5 inches and 11.6 inches.
Double Drop Deck trailers also consist of 2 or more axles and a Flip axle for balancing and supporting extra weight and oversized goods.
We at Singh Lending Solutions has help owner-operators and small businesses grow by offering great funding solutions and expert advice on trailer financing.
If you are planning to finance a double-deck trailer, we can help you with trailer finance in purchasing the piece of equipment for your business.
A gooseneck trailer is a specialized kind of trailer often termed as the RGN i.e Removeable Goose Neck and is more expensive compared to other trailers usage.
These trailers are often used to carry large equipment and heavy loads including tall and long items.
It has a detachable front end that makes loading and unloading quite easy, convenient, and fast.
Gooseneck trailers contain well up to 30 feet long in the middle of the trailer and that is how they act as a double lowboy or double drop trailer.
When the equipment and loads are too heavy, gooseneck trailers come to play as it can go from 4 axles up to 20 plus axles for heavy shipments.
One important benefit of gooseneck trailers is that they are very close to the ground and that makes it easy to carry the heaviest objects.
Gooseneck trailer finance requires a higher credit score and possibly a down payment to get a lower interest rate.
Dump trailers are widely used to haul things around during landscaping and outside dirt after cleaning grounds
These come in various sizes and use hydraulics to lift the trailer bed, making unloading heavy hauls easy and efficient.
Dump trailers range from small and simple models to heavy build monsters that can carry more than 20000 pounds.
Selecting the ideal kind of dump trailer will increase work efficiency and profitable for our business.
Dump trailer will help grow your business, so before you purchase a dump trailer ensure the equipment acquire profits.
At Singh Lending Solutions, we encourage you to contact us for dump trailer finance and we can ensure a competitive financing or leasing quote for trailer financing.
Specialty Trailers are of various types and used for some special purposes depending on the type of trailer.
These trailers are used to transport hazardous waste material, inflammable chemicals, and oils, medical supplies, food supplies, and also for organizing events.
Therefore the build and design of specialty trailers differ from one to another.
Take an example of inflammable liquid and gas carrying trailer. These are tightly enclosed trailers with a leak-proof design.
Similarly, food and medical service trailers would be a different design trailer for the supply of perishable goods.
There are some other types of trailers such as vending trailers so these trailers would be entirely different from the rest of specialty trailers.
The weight limit for specialty trailers can be as much as 200,000 pounds.
Contact us for more details on specialty trailer finance and we can ensure financing for you.
Singh Lending Solutions can help with various trailer financing options and financing programs designed especially for owner-operators and small businesses.
Get the best rate and competitive pricing under these financing programs
Deferred Payments Financing Programs
We are capable of offering programs that will reduce payments during the initial few months.
So by the time you reach your full potential to generate the desired income, you will have a less burden on your equipment financing.
Very low or No Up-front Cost
It is our objective to assist businesses in acquiring the needed equipment for your business needs.
Hence we work for you to qualify the most competitive rate and term of the loans so that you can preserve your cash flow.
You have to choose the type of loan or lease that best fits your needs and select the length of the loan or lease term to meet your cash flow requirements.
A trailer is the backbone of a transport company and owner-operators who want to carry massive goods from one part of the country to another.
We understand what trailer finance means to you.
To finance a trailer Singh Lending Solutions provides a wide variety of financing and leasing programs for all types of trailers.
If you have any questions related to trailer finance and loans we encourage you to call our representative and get a free consultation.
Singh Lending solutions can take your call any time during office hours and at all working days.
So you may call us directly or drop us an email or just apply online for instant approval.
And we will get back to you to discuss your needs.
Land your trailer today with SLS, we are just a call away 🙂
