Whether you’re an owner-operator or managing a large fleet, securing the right financing is crucial to keeping your business running. At Trans Lease, we’ve spent over 30 years helping businesses like yours find flexible financing solutions. In this guide, we’ll walk you through the basics of equipment finance for titled equipment and show you how our step-by-step process makes it easy.
What is Equipment Financing?
Equipment financing allows businesses to acquire the equipment they need without paying the full cost upfront. Instead, you pay overtime through loans or lease agreements, making it easier to manage cash flow while growing your operation. For titled equipment—such as trucks, trailers, and other equipment — specific financing options are available to meet industry needs.
Benefits of Equipment Financing with Trans Lease
Our expertise and customer-focused approach set us apart from traditional lenders. Here’s some of the benefits you can expect when working with Trans Lease:
- Preserve Capital: Keep more cash in your business for other expenses.
- Stay Competitive: Upgrade to newer equipment without a large upfront cost.
- Flexible Terms: Choose a plan that aligns with your business’s cash flow.
- Expert Guidance: Work with a team that understands your industry.
The Simple Steps of Equipment Financing
- Consult with Industry Experts: We start with a conversation to understand your business needs and recommend tailored financing options. Our team has a deep knowledge of the industries you work in and the challenges you face.
- Choose Your Financing Options: Based on your goals, we’ll present you with flexible financing solutions. Our solutions include:
• TRAC Leases (Terminal Rental Adjustment Clause Leases) – The TRAC Lease was designed specifically for commercial equipment. It offers low monthly payments compared to traditional loans. At the end of the term, you can purchase the equipment, trade it in, or return it.• Loan and Security Agreements – A loan and security agreement allows you to own your equipment while paying a fixed rate to finance it. Trans Lease is the first lien holder on the asset, but you retain ownership throughout the agreement. A down payment is common for loans and is determined by a combination of equipment type, term, and credit worthiness.
• Installment Lease – An installment lease features fixed monthly payments and the option to purchase at a fixed price after the lease term. The lessee takes on the depreciation benefits from the lease, while Trans Lease is the titled owner throughout the life of the contract. The lease payments can often be considered operating expenses.
• Seasonal Payment Plans – At Trans Lease we understand that in some industries business can be seasonal, that is why we offer flexibility with our repayment plans. We can customize payment schedules that align with your business’s cash flow cycles.
• Lines of Credit – We offer lines of credit to our customers, allowing them to shop for their equipment knowing they already have an approval in place. With lines of credit you have the flexibility to purchase equipment when you need it and the confidence to make decisions quickly.
- Submit Your Application: Our streamlined application process minimizes paperwork and delivers fast credit decisions, so you don’t miss out on business opportunities.
- Finalize Your Deal: Once approved, we’ll handle all the details to finalize your agreement quickly. We will send you the documents to sign and get you putting your equipment to work as soon as possible.
- Ongoing Support: Our commitment doesn’t end when the deal is signed. We offer ongoing support and flexibility throughout the life of your financing agreement to ensure your continued success.
Ready to Get Started?
If you’re considering financing for your next piece of equipment, let Trans Lease guide you every step of the way. Whether you’re expanding your fleet or replacing aging vehicles, we’ll find a solution that fits your business goals.
Speak to a financing expert today and explore your options. 877.600.6423
