Table of Contents
Introduction
Choosing the ideal partner for crane truck financing and leasing is paramount. This selection comprises five industry-leading companies, each with a strong reputation for expertise and customized solutions. Each company is well-versed in meeting the specific requirements of owner-operators, fleet owners, and trucking companies.
From TopMark Funding’s two decades of experience to Ryder’s comprehensive approach and Penske’s reliable fleet, each option provides various benefits. Merchants Fleet offers flexibility, and Crestmont Capital ensures affordable monthly payments. However, it’s crucial to keep an eye out for additional fees and prerequisites while making your choice to enhance cash flow and business profitability.
- TopMark Funding
- Ryder
- Penske
- Merchants Fleet
- Crestmont Capital
Pro Tips
Recap
1. TopMark Funding
When it comes to financing your crane truck, TopMark Funding stands out as your ideal partner. With over 20 years of experience in the commercial trucking industry, it understands your unique needs. Its straightforward application process ensures quick and easy approval, without any negative impact on your credit. Plus, it has a track record of helping businesses like yours grow, offering flexible funding solutions. Choose TopMark for a hassle-free path to increased cash flow and profitability.
- Boasts two decades of industry experience, making it an expert in commercial truck financing
- Offers optimum customer satisfaction
- Offers pre-approval in minutes with a soft credit pull, ensuring no harm to your credit score
- Provides customized financing solutions tailored to the specific needs of owner-operators, fleet owners, and trucking companies.
- Is not suitable for personal vehicles or non-commercial purposes.
TopMark Funding offers crane truck leasing and loans, providing cost-effective and flexible equipment solutions. You can get free, no-obligation quotes quickly online, and soft credit inquiries do not harm your credit score. With a top-rated team, it provides expert guidance and finances a variety of crane trucks, helping your business grow operations and profits.
2. Ryder
When considering Ryder for your fleet needs, you’re opting for a well-rounded solution. With a vast fleet of over 275,000 vehicles, you gain access to capital efficiency, risk mitigation, cost savings, tailored solutions, and an array of value-added services. Its comprehensive approach ensures your fleet operates smoothly and aligns with your specific business goals.
- Enhances your capital efficiency
- Mitigates risks on your behalf
- Saves you a whole lot of costs
- Offers unique solutions
- Provides additional services
- Involves monthly costs
- Requires compliance
- Imposes penalties and fees
- Truck Sizes and Specifications: Choose from a variety of crane truck sizes and specifications to match your requirements.
- Lease Options: Select from the following lease options:
- Lease On-Demand: Flexible leasing to meet changing needs.
- Lease Preventive: Schedule your maintenance for proactive fleet care.
- Lease Full Service: Comprehensive leasing with full maintenance support
- Financing Options
- Tax Advantage Solution: A financing solution offering tax benefits
- Fair Market Value Lease: Lease with the option to purchase the vehicle at fair market value.
- FlexTrac: A flexible financing option to meet specific financial goals
- Value-Added Services: Access a range of services to ensure a seamless fleet management experience, including a customer portal, nationwide network, preferred pricing, warranty management, roadside assistance, and more.
3. Penske
Choose Penske for your truck rental needs because it offers a vast fleet of reliable vehicles, flexible options, and competitive rates. Penske ensures you have the right truck for the job, with peace of mind, convenience, and great value for money.
- Provides you with a well-maintained truck with a choice of options to meet your needs.
- Offers 24/7 roadside assistance, insurance coverage, and dedicated customer support.
- Offers flexibility and convenience, allowing you to easily reserve a truck online or via its app.
- Provides value for money, allowing you to enjoy free unlimited miles on one-way rentals, fuel discounts, and special offers.
- Requests additional fees, so it’s important to watch out for tolls, taxes, and late return charges.
- Imposes extra charges for damages or cleaning, if you do not return the truck in good condition.
Penske boasts an impressive fleet of over 50,000 trucks, catering to a wide range of transportation needs. Its commitment to customer convenience is evident through its flexible reservation and cancellation policies, which also come with enticing perks like fuel discounts and insurance options. Booking with Penske is a breeze, thanks to its user-friendly online application and a dedicated mobile app that ensures a seamless experience. With a vast network of 2,500+ locations across the United States and Canada, Penske guarantees hassle-free pick-up and drop-off, making it a top choice for those seeking reliable and efficient truck rental services in North America.
4. Merchants Fleet
When it comes to selecting a crane leasing service, Merchants Fleet stands out as an excellent choice. With its extensive fleet of over 100,000 vehicles, including various crane types, it offers flexibility, customization, and commitment to your specific needs. Whether you’re a logistics broker in need of crane rentals for short-term projects or final-mile deliveries, Merchants Fleet is your go-to.
- Helps you reduce vehicle costs, ultimately boosting profitability.
- Empowers you with the flexibility and scalability required to meet evolving business needs and customer demands.
- Leverages high-quality vehicles and advanced technology, the program enhances the efficiency and safety of delivery operations.
- Is limited to specific locations and certain crane types might not be offered everywhere.
- Requires a minimum number of vehicles or a minimum lease term as prerequisites for accessing leasing or rental options sometimes
- Charges additional fees or charges associated with factors like mileage, damage, or early termination of the lease or rental contract.
Merchants Fleet offers a tailored crane leasing program.
Accessible Crane Variety: It provides access to an array of crane types, including boom trucks, truck-mounted cranes, rough terrain cranes, and crawler cranes.
Flexible Terms: You have the flexibility to lease or rent cranes for as little as three months or for the duration you need it, ensuring adaptability to changing business demands.
Comprehensive Services: It includes an array of services, from vehicle upfitting, maintenance, and insurance to fuel management, and streamlining operational efficiency.
Partnership with OneRail: Merchants Fleet collaborates with OneRail, a delivery orchestration and fulfillment platform, offering you access to a network of delivery partners and real-time visibility and tracking of deliveries.
In summary, Merchants Fleet’s crane leasing program offers a compelling solution for you seeking flexibility, convenience, and an extensive array of crane options. However, be careful to consider its minimum requirements, and potential additional costs before making a decision.
>>>PRO TIPS: How to Buy a Crane Truck for Business
5. Crestmont Capital
When you need the right equipment to boost productivity and broaden your service offerings, Crane Truck Financing & Leasing is the way to go. You can access state-of-the-art equipment without tying up valuable cash, improve cash flow with affordable monthly payments, and enjoy potential tax advantages. Plus, you’ll benefit from personal customer service, and it’s a smart business move.
- Requires no initial payment and you can choose to purchase the equipment at the lease’s end.
- Offers pricing and terms tailored to your business cycle and needs.
- Offers flexible leases and loans ranging from $10,000 to $2 million.
- Approves within 2-4 hours, with funding in 1-2 business days.
- Offers application-only option for a maximum of $500,000
Crestmont Capital offers equipment financing with rates starting at 3.25% and flexible 24 to 72-month terms. Its simple one-page application, quick loan approval within 2-4 hours, and funding typically within 1-2 business days make the process efficient.
Qualification is accessible for nearly every business based on equipment type, financials, and credit history, with the equipment itself serving as collateral.
Crestmont Capital’s financing preserves credit lines, often provides more favorable rates and terms compared to small business loans, and frees up cash for other business expenses. It offers options up to $500,000 application-only or up to $10 million with financials, with choices between loans and leases, flexible repayment plans, deferred payment options, and generally no upfront costs.
Pro Tips
- Before choosing a crane truck financing or leasing partner, carefully assess your business’s specific needs and requirements.
- Compare quotes and terms from multiple companies to ensure you’re getting the best deal.
- Be aware of any potential additional fees, compliance requirements, and minimum prerequisites the financing or leasing provider imposes.
Recap
When it comes to crane truck financing and leasing, each of the five companies offers excellent options for various business needs. Whether you’re seeking extensive industry expertise, comprehensive fleet solutions, reliable vehicle rentals, or flexible financing, there’s a partner that can meet your specific requirements. Be diligent in your research, choose the option that aligns with your business goals, and watch your operations and profitability grow.
