Commercial Vehicle Financing

About 2 minutesNo personal-credit inquiryInstant answer

The term "Commercial Vehicle" usually refers to a vehicle used for commerce purposes, although that is not always the case. In fact, in many states the DMV classifies commercial vehicles by weight - over a certain weight, and it's "commercial". This means that many trucks and vans used for business are considered commercial (as you would expect). But it also means that vehicles like busses and such are considered commercial vehicles as well.

Crest Capital finances the commercial vehicles a business runs, from work trucks and vans to box trucks and trailers, new or used, including purchases from private sellers. One application covers $10,000 to $500,000, with the title in your company’s name. On most transactions, there is no blanket lien on your other business assets. For every vehicle type Crest Capital finances, see vehicle financing.

Light, Medium and Heavy Commercial Vehicles

Commercial vehicles are often grouped by weight: light duty pickups and vans, medium duty box trucks and service trucks, and heavy duty dump trucks and roll-off trucks. The weight class affects licensing, registration and insurance.

Vehicles Businesses Run

Contractors run work trucks and dump trucks, distributors run box trucks, utilities and tree services run bucket trucks, and towing companies run tow trucks.

Upfits and Bodies

Many commercial vehicles start as a chassis and get a body from an upfitter: a service body, a dump body, a box, a flatbed or a crane. The finished truck, chassis and body together, is what a business buys.

New and Used Commercial Vehicles

Before buying a used commercial vehicle, check the service records, the mileage or engine hours, the frame for rust and repairs, the brakes and tires, and the condition of the body and any equipment on it.