Truck, Dealer & Collateral Requirements

The licensed dealer rule, what it means, and what to do if the truck you found is being sold privately.

Dealer and private-party truck purchases may involve different paperwork and seller structures, but only licensed dealer purchases are financed here.

Older trucks are not automatically disqualified by a published age cap here, but the specific unit still has to be reviewed.

High mileage is one fact about a truck, not a published automatic cutoff here. The specific unit still has to be reviewed.

Commercial truck financing is not only about the borrower. The actual truck being purchased is part of the transaction.

The truck's price and value are not always the same thing. Here is how to think about valuation without inventing an HMTL formula.

An older truck is not automatically disqualified by a published HMTL age cap. The specific unit still has to be reviewed.

High mileage is one fact about a truck, not a published automatic cutoff at HMTL.

Dealer asking price and truck value are not always the same. A large gap can create questions in the financing transaction.

The right truck is not just the right equipment for the job. It also needs to fit the financing program.