Crest Capital is dedicated to providing you with convenient financing for your companys new or used vehicle(s). We begin with a streamlined credit approval; and continue through to the end of term with a simple and hassle-free process. Borrow the entire purchase price of new and used vehicles as well as trailers for business use, including most soft costs, and get a guaranteed purchase option.
With our Application-Only program, you can apply for a loan or a lease from the comfort and privacy of your own home or office. Crest Capital offers a variety of loan and lease terms designed to meet your needs. Approvals are issued virtually instantaneously, and Crest Capital can provide the funding for the seller(s) of your choice within 24 hours.
Forget about mileage restrictions. Unlike other lenders, Crest Capital loans and leases have no mileage limits or hidden charges. Our competitors deal might look like a bargain in the beginning, but all the charges for body damage and excess mileage at the end of term cost you!
Choose from 24 to 60-month term, borrow up to 100% of the purchase price including soft costs (taxes, registration, delivery, etc.), and get a guaranteed purchase option at the end of term. Select from two basic structures:
TVA (Titled Vehicle Finance Agreement) is essentially a loan offering a fixed monthly payment that does not fluctuate with increases by the Federal Reserve. You own the vehicle and we release our security interest at the end of the finance term. No blanket liens or compensating balances like a typical bank loan.
TRAC Lease (Terminal Rental Adjustment Clause) provides a guaranteed purchase price for titled vehicles and/or trailers at the end of the lease term and otherwise complies with true lease requirements according to IRS rules. At the end of the lease term, you may either purchase the vehicle for a fixed price, or sell the vehicle to a third party. If you sell the vehicle to a third party, you retain any excess over the purchase option amount. However, if the vehicle is sold below the purchase option amount, then you must pay the leasing company the difference between the sales price and the purchase option amount.
As new vehicle prices keep climbing, used vehicles become even better values. Why? New vehicles lose their value quickly. While most of our competitors finance new vehicles only, or restrict financing to five model-years or newer -- Crest Capital will consider virtually any age, make or model vehicle. Combine lower purchase price with lower cost of ownership and youre way out ahead!
Regardless if you choose to buy your vehicle from a private party (user-to-user) or from a dealership, Crest Capital will work with you to select the finance program that is right for your company.
If you're looking to finance your truck or chassis during the conversion or up-fitting process, Crest Capital has the program. We can defer payments allowing you to match repayment to the sale of the completed vehicle. Great for dump trucks, lift trucks, and other utility vehicles.