Get Qualified
Before You Buy.
The best time to explore financing is before you're ready to buy. Knowing what you may qualify for helps you shop within a realistic budget and be prepared to move when the right trailer becomes available, especially when you're considering an in-stock unit.
Financing is provided through independent third party lenders and is subject to lender approval and underwriting. Individual requirements, rates, terms, and available financing may vary.
What to Know About Financing
Commercial equipment financing can help you purchase a trailer without paying the full cost upfront. What you qualify for will depend on your business, credit profile, and lender requirements.
You'll Need a Business
You'll need a registered business and an EIN number to apply for commercial equipment financing.
Your Credit Will Matter
Approval, rates, terms, and the amount you may qualify for can depend on your credit profile and other business information.
You May Need a Deposit
Depending on your business, credit, lender, and purchase, you may be required to contribute a portion of the purchase upfront.
What You'll Need to Qualify
Financing is available for both established and newer businesses. Your time in business and credit profile help determine what financing options may be available to you.
Established Business
Established businesses may have access to favorable rates, lower upfront requirements, and additional financing flexibility.
60-day deferred payments may be available for qualified established businesses.
Newer Business
You don't need years of operating history to qualify. Newer businesses can also finance a LuxLav trailer.
Being a newer business doesn't disqualify you. Your credit profile and available down payment are important factors.
See What You Actually Qualify For
If the guidelines above sound like you, applying is the best way to understand what financing may actually be available to you. The initial review won't impact your credit score, doesn't commit you to a purchase, and you don't need to have your exact trailer picked out yet.
Start exploring your options without impacting your credit score.
See what financing may be available without committing to a trailer purchase.
Your exact trailer and final financing amount can be determined later.
Financing Questions, Answered
Still deciding whether financing makes sense? Here are answers to some of the most common questions buyers have before applying.
Will applying affect my credit score?
Nope! Western Equipment Finance begins with a soft credit review, allowing you to explore your eligibility without initially impacting your credit score.
Does applying commit me to purchasing a trailer?
Applying does not commit you to purchasing a trailer. Applying simply helps you understand what financing may be available to you.
Do I need to know exactly which trailer I want?
You will need a general idea, but you don't need an exact trailer.
You can begin exploring financing before
selecting your exact trailer. You'll need an
estimated purchase amount to apply, but your final
trailer and financing amount can be determined later.
What interest rate and financing term can I expect?
Many qualified LuxLav buyers see rates around 7–8%, with 60-month terms being most common. Your lender will provide your actual rate, payment, and terms after reviewing your application.
How much money will I need down?
It depends on your business, credit profile, lender, and purchase. Established businesses with strong credit may qualify with little or no money down, while newer businesses may be asked for a larger down payment.
Can I apply if I don't have a business yet?
You'll need to have a registered business and EIN before applying,
but your business doesn't need a long operating history.
Financing
is available to businesses that are brand new,
even if you've just recently registered. Newer businesses may have
different credit and down-payment requirements.
What information will I need to apply?
You'll need basic information about you and your business, along with an estimated trailer purchase amount. Depending on your business history and application, the lender may request additional financial information before final approval.
Why finance instead of paying cash?
Financing can allow qualified buyers to purchase equipment while keeping more cash available for operating expenses, marketing, payroll, unexpected costs, or future growth. Whether financing or paying cash makes more sense will depend on your business and financial situation.
Rates and terms shown are general examples based on typical financing scenarios and are not guaranteed. Financing is provided by independent third-party lenders and is subject to lender approval and underwriting. Actual rates, terms, down payments, payments, and available financing will vary based on the applicant, lender, and current market conditions.
Still Not Sure Where to Start?
You don't have to figure out the trailer and financing process on your own. We can help you narrow down the right trailer, understand current pricing, and answer questions before you apply.
Financing Partner Disclosures
Ascentium Capital LLC ©2023
23970 Highway 59 North
Kingwood, Texas 77339-1535
Western Equipment Finance
503 U.S. Highway 2 West
Devils Lake, North Dakota 58301
¹ Financing is subject to credit approval and applicable lender underwriting criteria. Neither Ascentium Capital nor Western Equipment Finance, nor J & B LuxLavs LLC, is the agent of the other. Financing partners are not the manufacturer, seller, or distributor of the equipment being financed and make no representations or warranties regarding the equipment.
² Consult your tax advisor regarding potential tax incentives, including Section 179, and the specific impact on your business. Loans may be made or arranged pursuant to applicable state licensing requirements, including the California Financing Law, where applicable. Financing offers are available only to organizations domiciled in the United States. Applicants and equipment must be located within the United States.
Discover the finest designs to transform your space and flexible financing plans to make your dream project a reality. Explore our inventory, interior packages, financing options, policies and procedures, rentals, and contact us for assistance. Reach out to our dedicated team at LuxLav for inquiries and bookings!
