Starting a career as a self-employed truck driver can be a rewarding pursuit. However, it's also a career that requires you to buy your own tractor-trailer - a major hurdle for many aspiring truckers to overcome, as even low-end tractor-trailers can be expensive when purchased new.
If you're like most people and don't have an extra hundred rands on hand in cash, getting a loan from a reputable tow truck finance company is a great option to get you on the road . In this article, we explain everything you need to know about towing financing, including what it is and how it works, important things to keep in mind, and how to qualify for towing financing.
Highway Truck and Trailer Financing is not hard to understand, you can think of it as a cross between an auto loan and a business loan. To obtain trailer financing, you must work with a trailer financing company. The company you choose will take into account factors such as your credit score as well as potential considerations such as your business history and the quality of the tractor-trailer you are considering purchasing. If you meet the right criteria, you can get a loan to finance your tractor-trailer and start working as a self-employed truck driver.
To qualify for trailer financing, you may need to meet the following criteria:
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