Semi-Truck Financing

After choosing the right truck for your business, Summit Truck Group stands ready to provide numerous financing options for your convenience.  Our captive finance company, Navistar Capital, has customized financial programs available on all your equipment needs, including new trucks, used trucks and mounted attachments.

In addition to Navistar Capital, our Business Managers use other reputable financial institutions to give you choices in finance or leasing.

Some of our most popular options include:

A retail finance contract allows you to include the funding for related equipment and many of the other costs for placing equipment in service. This option allows for equipment ownership, the ability to build equity and an avenue for depreciation. Contracts can be set up with skip payments (to match your seasonal cash flow), balloon financing (to maximize monthly cash flow), accelerated payments (such as 60/40 designed to limit interest charges).

If you want maximum monthly cash flow with a limited initial investment-but still want to retain ownership-then you should consider a TRAC (Terminal Rental Adjustment Clause) Lease. It has a predetermined purchase price at the lease end which makes things more predictable. You eliminate the guesswork by paying a fixed amount equal to what the vehicle is predetermined to be worth at the end of your lease. 

If you want to enjoy new equipment without worrying about trade-in values - and if you want maximum cash flow - you should consider an FMV (Fair Market Value) Lease. The FMV Lease is available on new and used trucks and tractors and is recommended when ownership and depreciation benefits are not desired. You aren't responsible for your equipment's residual value at the end of the lease term and will have several choices offering maximum flexibility. 

Municipal leasing is a tax-exempt option to help government agencies obtain essential equipment while staying within budgetary limits.   We can expand the ability of your budget to replace worn-out, high-maintenance equipment. With a $100,000 budget, we can help you acquire more vehicles in Year One. For example: a $100,000 budget can purchase two vehicles using cash or it can purchase nine vehicles using a 5-year municipal lease.

Ask your sales representative for a credit application.