Equipment commonly financed
Assets used in transportation
Examples include the equipment below. Eligibility depends on commercial use, transaction size, condition, seller and lender requirements.
- Day cabs and highway tractors
- Sleepers and long-haul units
- Dry vans and refrigerated trailers
- Flatbeds, step decks and lowboys
- Tank, dump and specialty trailers
- Straight trucks and delivery units
- Owner-operator tractor-trailer packages
- Fleet telematics and eligible installed equipment
The truck, trailer and route have to make sense together
Transportation lenders commonly consider age, kilometres, engine and emissions history, maintenance, purchase price and the intended operation. For trailers, configuration, age, condition and marketability matter.
A lower purchase price does not automatically make an older unit easier to finance. Provide complete specifications and maintenance context so the lender can judge reliability and useful life, not just the invoice total.
Qualification is transaction-specific. Merrit Capital does not promise approval, rates, down payment, term or funding time before a lender has reviewed the borrower, asset and documents.