Planet Financial is one of the leading firms in trailer financing in Ontario, Canada especially if you are looking for trailer finance or trailer leasing in Brampton or Mississauga. Planet Financial provides flexible trailer financing solutions for business owners turned away from traditional bank lending options. In case If you or any of your clients are seeking a beneficial non-bank alternative to purchase or refinance your new or used trailer, our team will work with you to help structure your truck and trailer loan, use a trailer leasing agreement to suit your needs and you can always get a free inquiry by calling us. We are available 24×7 to solve all your queries and find the right solution for your business related to trucks and trailers and especially if you are looking for trailer loans in Brampton or Mississauga.
Choose the right trailer for your freight and save money for your business by learning about the different types of trailers based on load capacity and purpose. Trucks require trailers to carry the load. Trailers are the extra carrier vehicles you must have seen attached to the truck while driving on the highway. There are many types of trailers, each having a different load capacity and a different purpose.
When we do use trailer finance, we will look at the make, model, age and condition of the trailer as well as your credit worthiness, to determine the best financing options for you. To get the best trailer financing terms possible, make sure you have good credit, a low debt-to-income ratio and a sufficient down payment and it can be difficult to get approval with bad credit loans Ontario
Before you get started with your purchase of a trailer, it is important to handle all the logistics first and foremost. This will make the process much easier on you in the end as you won’t have to worry about anything else while looking at different trailers. Before you even start looking at different trailers, you should take a good look at your credit score and make sure it is in order. This will help you determine if any potential lenders will approve financing for you to be able to purchase the trailer of your choice with the loan that would fit your budget. If this is not something you are familiar with or need help with, then you should reach out to our team for advice. The beauty of working with us is you can buy your trailer from a private seller or a dealership and if you are looking for no credit check loan. If you want to buy your travel trailer from a dealership, we recommend you secure financing before going to the dealership to ensure you get the best rates and payment terms.
The various types of Trailers are:
One of the most common types of trailers? The flatbed trailer. They are mostly used because of their high level of versatility. They can be used to carry anything from lumber to steel coils. The driver must be aware of how to tarp a flatbed, as this form of a trailer does not utilize a containing box.
Another type of trailer that is different from the rest? The dry van. Some may know this trailer type as an enclosed trailer. The dry van is one of the most used trailers for transporting cargo along the highway, as it keeps items safe from the elements as well as safe from the possibility of falling.
The third type of trailer that is worth mentioning, the refrigerated trailer, is essentially a dry van that has been insulated and stocked with a cooling system so that items needing to be kept cold can be transported and kept fresh. This type of trailer is used to carry frozen food items as well as produce. The weight capacity is the same as a dry van.
Step Deck Trailers
The step deck trailer is a trailer that is very similar to the flatbed trailer, with the only difference being that the step deck max freight height is ten feet. This is a trailer that is designed to carry cargo that the flatbed trailer cannot. The reason why? You can essentially pack an additional to feet height-wise onto your trailer that the flatbed cannot allow.
Double Drop Trailer
This trailer is often used to haul industrial equipment like bulldozers. Because the deck is so low, the cargo can often be driven onto a lowboy trailer.
If you need a trailer loan here is our Document Checklist:
- Valid ID
- Bill of Sale
- Article of Business Incorporation
- Last-three-month bank statements.
- Credit Application (download it here)
You can email all the documents at email@example.com or you can also get your free inquiry at 905-678-0111.Click that “Apply Now” button to proceed with your desired trailer loan provider. Some clients will rather have some guidance throughout this process, so we also have the added option for you to pre-apply at Planet Financial. Our team will sort through your information and give you the best rate of interest all over Canada. You can also Sign up for our newsletter for our recent updates and get special offers on trailer loans.