Nov 07, 2025
Financing a truck or trailer can unlock growth—but if done wrong, it can trap you in debt or hurt cash flow. Here’s what to watch out for.
Monthly payments are only part of the picture. Maintenance, insurance, tires, and downtime all affect profitability. Before signing, calculate your total cost per mile—not just the loan rate.
Short-term loans mean higher payments but less total interest. Long-term loans reduce the payment but may leave you “upside down” as the equipment depreciates. Balance both with your expected mileage and replacement cycle.
General lenders often don’t understand trucking assets. By working with NEF Now, you access 40 financial institutions competing to offer the best rate and terms.
Used trailers and trucks can be great deals—if inspected properly. Always request maintenance records, check frame integrity, and verify mileage/hours. NEF Now partners with trusted dealers to help you evaluate condition and value accurately.
Every piece of equipment has a lifespan. Plan how and when you’ll resell or trade it to avoid negative equity or downtime when you upgrade.
Your truck or trailer financing should be a growth tool—not a liability.
Contact NEF Now today to explore smarter, more flexible equipment financing for your business.