Tow Truck Financing

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Crest Capital finances new and used tow trucks for established towing companies, auto repair shops and businesses that run their own recovery vehicles. Financing covers $10,000 to $500,000 for trucks from a dealer, an upfitter or another operator. Tow trucks are one of the service and utility vehicles Crest finances.

Boom Tow Truck Financing

A boom tow truck lifts with a hydraulic boom, usually with a winch, to recover vehicles from ditches, embankments and other places a standard tow truck cannot reach. Heavy-duty rotators are boom trucks whose boom turns to work from any angle.

Hook and Chain Tow Truck Financing

A hook and chain tow truck, also called a sling truck, lifts a vehicle by chains around its frame or axle. It is an older design, now used mainly for wrecked or junked vehicles, because the chains can damage the bumper or body of the towed vehicle.

Quick Pick Tow Truck Financing

A quick pick tow truck, also called a self-loader or repo truck, carries a wheel lift the driver can operate from the cab to hook a vehicle quickly. Repossession and parking enforcement companies use them.

Choosing a Tow Truck for the Work

Light-duty wreckers and wheel-lift trucks handle cars and small trucks. Medium- and heavy-duty wreckers and rotators handle buses, tractor-trailers and recovery work. Flatbed carriers haul vehicles that should not be towed on their wheels, such as all-wheel-drive and damaged vehicles. Many towing companies run more than one type.

New and Used Tow Trucks

Tow trucks are often bought used. Before buying, check the chassis mileage and service records, the hydraulic cylinders and lines for leaks, the boom, cables and winch for wear, and the bed or wheel lift for cracks and repairs.