Purchasing a trailer is a big decision, but it’s often a necessary one for many businesses. If you need one now to complete the job at hand, then you may enjoy several benefits from financing.
At TrailersPlus, we work with individuals and businesses daily to help them finance one or several of our 8,000+ trailers available at locations across the country. Overall, we’ve found that most people experience four major benefits of financing a trailer.
1. Spread Payments Out Over Time
When you need to add a trailer to your fleet, you don’t always have time to save for one. Financing can allow you to get the equipment you need when you need it, without maxing out a company credit card. Instead of purchasing with one lump sum, financing allows you to spread the payments out over time.
As you start to experience a return on your investment, you may even be able to pay off your loan early. Our financing plans don’t carry a penalty for early payoff.
2. Benefit From Lower Interest Rates Than Credit Cards
Putting your purchase on a credit card is one way to take home a trailer if you don’t have the full amount handy. However, credit cards often have high interest rates, typically in the 20% to 30% range. Paying down a credit card balance often results in paying much more over time through interest alone.
On the other hand, we offer multiple financing options, with interest rates as low as 7.99%. When compared to using a credit card, financing a trailer can save you hundreds of dollars in interest payments.