Your go to Guide to Used Box Truck Financing
Welcome to Liberty Capital, your premier funding source for financing and leasing used box trucks. With over two decades in business catering to the used truck market, we stand as your reliable business funding partner, ensuring your business reaches asset that’s sometimes can be out of reach due to high prices increased in the Used Trucks especially after COVID-19. It’s also becoming more and more expensive to operate due to high gas prices. It’s also becoming more and more expensive to repair due to auto mechanics shortage.
However, when it comes finding the right partner, Liberty Capital will bring you two decades of service in the transportation industry. Used box truck financing and leasing can be accomplished with one page application.
Box trucks are essential assets for numerous businesses, facilitating operations efficiently. At Liberty Capital, we offer financing solutions for both new and used box trucks from various vendors nationwide. Buying from a private seller can be done easily since box trucks have title, therefore, there’s paper trail and can even pay off current lienholder during the purchase and financing process.
Your Monthly Payment Financing Options for Box Trucks
Features | Business Term Loans | Equipment Leasing | Equipment Financing |
Ownership Requirements | 50% | 100% | 100% |
Initial Costs | $0 (orig fees) | Low to moderate | Varies |
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
Credit Minimum: | 550 | 600 | 650 |
Fund Disbursements | Client | Vendor | Vendor |
New/Used Equipment | n/a | Yes | Yes |
Maximum Term | 24 months | 60 months | 60 months |
Time in Business | 3+ years | Startup OK | Startup Ok |
Interest Rates | Moderate | Low | Low |
Application Only | $150K | $250K | S250K |
Funding Time | Same Day Funding | 1-3 days | 1- 5 days |
Used Box Truck Financing:
Whether you’re just starting out or adding new or used trucks to your fleet, you can always count on Liberty Capital get your approved fast and get your vendor paid quickly as well without the hassle.
Our Used Box Truck Financing option offer numerous advantages over traditional bank loans, including:
- Funding up to 110% of the equipment cost
- Simple one-page application process for up to $250,000
- Financial Package up to $2,000,000
- 100% Pre-funding options for qualified vendors
- Fixed payment terms ranging from 24 to 72 months.
- No down payment required for qualified borrowers.
- Competitive rates for qualified borrowers
- Eligibility for both new and used box truck purchases.
- Off-balance sheet financing available
- No pre-payment penalties
Can I Finance a Rebuilt Engine for my Used Box Truck Purchase?
Yes, you can finance a rebuilt engine, rebuilt transmission if you have the papers to show. Buying it from a dealer rather than a private seller will give the lender warm and fuzzy feeling that the actual transaction of replacing engine or transmission was done with professional certified auto mechanic. Can we finance the cost of the repair, new engine, or transmission? No. However, if you’re already own the truck and need capital, we can always offer you a working capital loan to be able to have access to capital to pay for expensive repairs.
Box Truck Leasing for Startups: Start-Up Box Truck Financing:
For start-ups, the choice between cash payment and financing is crucial. Opting for financing early in your business journey can yield significant long-term benefits, especially in building a positive payment history. Financing provides fixed monthly payments, preserving your working capital for crucial investments that appreciate over time, such as hiring talent, securing prime locations, and stocking up on inventory and supplies.
Start-up companies seeking to lease box trucks must meet certain credit requirements, including:
- Possession of a valid business license or active business entity registration
- Personal guarantees from all owners
- Minimum credit score of 680
- No bankruptcies, liens, or judgments within the last seven years
- Low personal loan and credit card debt ratio
Our expedited financing solutions cater to companies seeking to finance a wide range of new or used box trucks. used lift trucks, used service trucks, and used reefer trucks, or even a flatbed stake truck. Whether you’re replacing old trucks and equipment, expanding your fleet, or expanding new territories Liberty Capital simplifies the financing and leasing process, making it hassle-free and affordable especially for startups.
We offer flexible payment plans tailored to your budget, including:
- $0 down truck financing for qualified customers
- $99 for the first 6 months, requiring only $99 to initiate the lease.
- 90-day deferral option with no payments for the first three months
- Seasonal payment arrangements
- Fair Market Value and $1 buyout options with terms ranging from 12 to 60 months.
- Commercial Truck Financing: This option will provide you lenders like national banks, private lenders and captive finance through vendor dealer acting as the lenders who can offer you businesses equipment financing at a very minimal papers at the lowest discounted interest rates. These types of financing allow businesses to spread the cost of the equipment over time, making it more manageable to afford with equipment financing, allowing manufacturer to offer low rates to gain a sale.
- Equipment Leasing through an Equipment Loan Broker: This second option is leasing it. Leasing involves off-balance sheet financing in the form of Fair Market Value (FMV). During the lease term, the business pays regular payments to the leasing company. Payments is deducted 100%. At the end of the lease term, the business may have the option to purchase the equipment based on current fair market value. Or, return the equipment, or negotiate a new lease agreement for upgraded equipment.
Our tiered credit appetite ensures that we accommodate clients of all credit profiles, business durations, and financing amounts, including start-up companies. Consolidate multiple box truck leases from various vendors into a single, manageable monthly payment, Box trucks come in various types and sizes, each designed to cater to specific transportation needs.
Here are the specifications (specs) of different types of box trucks commonly used in the industry:
- Standard Box Truck:
- Length: Typically ranges from 10 feet to 26 feet
- Width: Standard width is around 8 feet
- Height: Standard height is approximately 8 feet
- Payload Capacity: Varies based on size and configuration, ranging from 4,000 pounds to over 15,000 pounds.
- Features: Rear roll-up door for loading/unloading, translucent roof for interior lighting, E-track or logistic tracks for securing cargo, ramp or liftgate for easy access.
- Refrigerated Box Truck:
- Length: Like standard box trucks
- Width: Standard width is around 8 feet
- Height: Standard height is approximately 8 feet
- Payload Capacity: Like standard box trucks
- Features: Insulated walls and ceiling, refrigeration unit for temperature control (commonly ranging from -20°F to 40°F), rear roll-up door or swing doors, temperature monitoring system
- Flatbed Box Truck:
- Length: Varies widely, typically from 10 feet to 30 feet
- Width: Standard width is around 8 feet
- Height: No enclosed box; height depends on the flatbed platform
- Payload Capacity: Usually higher than standard box trucks due to the absence of an enclosed box, ranging from 6,000 pounds to over 30,000 pounds.
- Features: Open flatbed platform for easy loading/unloading of oversized or irregularly shaped cargo, stake sides or rails for cargo containment, tie-down points for securing loads
- Parcel Delivery Van:
- Length: Typically ranges from 10 feet to 20 feet
- Width: Standard width is around 6 to 7 feet
- Height: Lower than standard box trucks, usually around 6 to 7 feet
- Payload Capacity: Typically, lower than standard box trucks, ranging from 2,000 pounds to 6,000 pounds.
- Features: Sliding side doors for easy access to cargo, fold-down rear step or ramp, shelving or racking systems for organizing parcels, integrated parcel delivery system
- Cabover Box Truck:
- Length: Like standard box trucks
- Width: Standard width is around 8 feet
- Height: Standard height is approximately 8 feet
- Payload Capacity: Like standard box trucks
- Features: Cabover design with a flat front and driver’s cab positioned over the engine, providing a shorter overall length for increased maneuverability, rear roll-up door or swing doors, or sliding side-door typically used for urban deliveries
These specifications may vary depending on the manufacturer, model, and customization options. It’s essential to consider factors such as payload capacity, dimensions, features, and intended use when selecting the right type of box truck for your business needs. Once you financed it you can’t change your mind. So, make sure you get the exact truck you need for your business.
Preferred Vendors or Dealers for Box Truck Leasing:
With two decades of serving used truck dealers in financing box trucks, we understand the importance of effective communication between vendors and clients. Our commitment to seamless funding processes ensures vendor satisfaction, prompting them to refer clients to us with confidence.
If you’re a box truck vendor seeking approval from Liberty Capital for your clients, rest assured you’ll be partnering with a reputable equipment loan broker committed to facilitating seamless transactions for your clients.
Here are some examples of businesses that rely on box trucks as their primary equipment:
- Delivery Companies: Box trucks are the lifeline of delivery companies, facilitating the transportation of goods and packages from distribution centers to customers’ doorsteps efficiently.
- Wholesale Distributors: Wholesale distributors depend on box trucks to transport bulk quantities of goods from manufacturers or suppliers to retailers or other businesses.
- Food Delivery Services: From restaurants to catering companies, food delivery services utilize box trucks to transport fresh ingredients, prepared meals, and catering supplies to their customers’ locations. Box trucks can be converted into food trucks.
- Retail Businesses: Retailers often use box trucks to transport merchandise between warehouses, distribution centers, and retail stores, ensuring timely replenishment of inventory and seamless logistics operations.
- Moving Companies: Moving companies rely on box trucks to transport furniture, household items, and other belongings for residential and commercial moves, offering a convenient and reliable moving solution to their customers.
- Construction Companies: Construction firms utilize box trucks to transport tools, equipment, and construction materials to job sites, facilitating smooth project execution and efficient resource management.
- Event Management Companies: Event planners and management companies use box trucks to transport event equipment, furniture, décor, and supplies to venues, ensuring successful event setup and execution.
- Rental Services: Companies offering equipment rental services, such as equipment rental centers and tool hire companies, use box trucks to transport rental equipment to customers’ locations for construction projects, events, and DIY projects.
- Waste Management Companies: Waste management and recycling companies utilize box trucks to collect and transport waste, recyclables, and debris from residential, commercial, and industrial sites to disposal facilities or recycling centers.
- Mobile Services: Businesses offering mobile services, such as mobile grooming, mobile repair, and mobile healthcare services, rely on box trucks to transport equipment, supplies, and personnel to customers’ locations, providing on-site services efficiently. Medical delivery for DME Durable Medical Equipment companies.
These are just a few examples of businesses that heavily rely on box trucks to support their operations. The versatility, reliability, and spaciousness of box trucks make them essential assets for various industries, enabling businesses to meet their transportation needs effectively.
Get Started with Liberty Capital:
Regardless of your credit history or business size, Liberty Capital has the expertise to tailor a box truck financing solution that meets your needs. As technology evolves, staying ahead with the latest equipment is crucial. By financing your box trucks with us, you gain access to competitive rates, expedited funding, and unparalleled customer service, empowering you to boost sales and drive business growth.
Whether you prefer new or used box trucks, financing, or leasing, long-term or short-term agreements, will ultimately provide you the freedom and flexibility of utilizing some form of financing.
Box trucks are indispensable assets for a wide range of businesses across various industries. Now having bad credit doesn’t preclude you from getting the financing you need. For a free consultation, please call 888-511-6223 to speak to one of our truck funding specialists.
