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Lease to Grow or Lease to Own
Lease to Grow or Lease to Own
In-House Financing and Leasing Options
Empire Motors offers an in-house BHPH program for our pre-owned commercial inventory, including tow trucks, cargo vans, and more. Our team understands that each buyer has specific goals and needs, and we strive to tailor the buying experience to suit you.
Financing vs. Leasing: What's the Difference?
Financing
You become the tow truck owner upon being approved for and agreeing to finance terms.
Payments tend to be higher because you're financing the lump sum.
Since you're the owner, there's no mileage limit, and you have the freedom to modify or customize your truck.
Tax-deductible payments
Leasing
You get a flexible lease term for your tow truck, ranging from as little as 12 months up to 48 months.
Competitive monthly payments customized to fit your budget.
Only pay for what you use
Tax-deductible payments
FAQ
FAQ
Do I need a down payment?
Do I need a down payment?
We typically ask for 20% down of the truck's sale price, but it depends on your credit history. If your credit is strong, you have financed commercial equipment before, and you've been in business several years, the down payment might be lower.
Is a loan or lease better for me?
Is a loan or lease better for me?
This depends on your financial goals and tax situation. Loans allow immediate ownership, while leases typically offer lower payments and different tax benefits. Discuss these options with your tax advisor to see what suits you best.
Do you offer financing for new or start-up businesses?
Do you offer financing for new or start-up businesses?
Yes, we do! Rates and down payment amount will ultimately depend on the financial situation of the current ownership.
What if I have had prior repossessions?
What if I have had prior repossessions?
If you currently have one or more delinquent auto loans, getting a loan might be a challenge. However, we understand every buyer has a unique situation, and we're willing to work with you with our in-house leasing program.
Who can I contact with questions?
Who can I contact with questions?
You can call or text us anytime at 281-656-1786. We'd be happy to answer any questions you have about our financing or leasing program and hopefully be a part of your business sucess.
Let's Build an Empire Together.
Let's Build an Empire Together.
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