Class 8 Tractor-Trailer Leasing & Financing
Specialized programs for over-the-road owner-operators and fleets.
From a carefully selected first truck to a multi-unit fleet expansion, Coastal structures tractor-trailer requests around the experience, credit, cash flow, equipment and equity behind the complete business opportunity.
Class 8 Equipment
& Fleets
Programs
Profiles
How Tractor Trailer Requests Are Evaluated
Over-the-road trucking is a specialized financing category. We look at the truck, the operating experience, the business and the complete request to deliver the program that fits.
Credit
Strong credit and experience can expand options.
Established personal and business credit may support a simpler process, broader program choices and larger requests.
- Strong payment history
- Commercial borrowing experience
- CDL and industry experience
- Realistic truck purchase
- Established business profile
Cash Flow
Operating history helps support the request.
Revenue, deposits and successful fleet performance can show that the business is positioned to support the proposed payment.
- Verifiable business revenue
- Time in business
- Current fleet performance
- Existing truck obligations
- Bank statements or financials as needed
Collateral
Equity can strengthen difficult transactions.
A meaningful investment, additional collateral or both can create a workable structure when credit or time in business is limited.
- Cash investment in the purchase
- Free-and-clear trucks or equipment
- Additional commercial collateral
- Combination of cash and collateral
- A vehicle with a strong valuation
Programs That Grow With Your Operation
Programs are available for different stages of a trucking business, from your first truck to your fleet.
First Truck or New Authority
Startup and new owner-operator programs are available. Choosing the right truck for your purposes is the most important first step. Experience, credit, and a good down payment help.
Established Owner-Operator
Time in business and established revenues open the door to expanded choices for higher equipment requests for growth.
Growing Fleet
For operations with several years in business and multiple units, additional fleet-oriented programs are available. Good credit and financials support substantial fleet additions.
Tractors & Trailers We Finance
Programs for single-unit purchases, tractor-and-trailer packages and fleet additions.
Sleeper Tractors
& Dry Vans
Day Cabs &
Regional Tractors
Refrigerated
Trucks & Trailers
Flatbed &
Step-Deck Trailers
Tanker &
Specialized Trailers
Fleet Additions
& Replacements
Preserve Operating
Capital.
Keep cash available for the costs that put the truck on the road and keep it moving.
- Insurance and registration
- Fuel and tolls
- Maintenance and repairs
- Payroll and working capital
Match the Truck
to the Work.
Choose equipment that fits the route, load, operating plan and realistic earning capacity of the business.
- Long-haul and regional operations
- Single trucks or fleet additions
- Tractors and trailers
- Dealer and qualifying private-party sales
Leasing & Financing
Options Available.
Commercial lease structures are our primary approach, with finance options also available when they better fit the transaction.
- Commercial equipment leases
- Equipment finance agreements
- Purchase-option leases
- New and used equipment
Have Credit Challenges?
A stronger equity position can open another path.
A significant cash investment, free-and-clear trucks or equipment, or a combination of both may help support the request.
Learn More ›
Frequently Asked Questions
Can a startup or first-time owner-operator qualify?
Yes. Startup programs are available, but the truck price and requested amount must fit the available program. Credit, relevant experience, available investment and operating capital are important parts of the complete request.
How much can a new owner-operator finance?
Startup approvals are generally more limited than approvals for established operators and fleets. We evaluate the complete opportunity and help identify a realistic truck budget rather than promising the same amount for every applicant.
What credit score is required?
There is no single answer for every program. Stronger credit can provide more options, while challenged-credit transactions may still work with a meaningful down payment, additional collateral or both.
How old can the truck be?
Many programs focus on trucks no more than eight model years old. Mileage, condition, configuration, purchase price and resale value are also considered, and program requirements can vary.
When do broader fleet programs become available?
As a business builds several years of operating history and multiple trucks on the road, additional fleet programs may become available. Around three trucks and roughly three years in business can be an important next step for many programs, especially when supported by good credit and financials.
Can I buy from a private seller?
Dealer purchases and qualifying private-party transactions can be considered. Seller information, title status, truck details and an acceptable invoice or purchase agreement will be required.
Simple Steps to Finance Your Tractor Trailer
Apply
Complete our secure application.
Tell Us About the Truck
Provide the truck quote, seller and equipment information.
We Review the Complete Request
We look at credit, experience, cash flow, equipment and equity.
Provide Documents
Requirements depend on the program and size of the request.
Review Your Structure
We explain the approval, investment, payments and terms.
Complete the Purchase
Once documents are complete, the seller can be paid.
Ready to Put Your Truck on the Road?
Apply online or call us at (877) 703-3090.