Below are several questions that are frequently asked of us. If you don’t find your question answered here feel free to call or send an e-mail, we will respond promptly.
Work Truck Direct FAQ’s
Allegiant Partners Financing FAQ’s
- What do I need to get started on a vehicle or equipment purchase?
- How long does the process take?
- What factors are used to determine credit worthiness of the business?
- How is a lease structured?
- Who’s name is on the title of the equipment?
- Are there any down payments required at the beginning of a lease?
- How do your rates compare to your competitors?
- What is the best rate our business can get for a $250,000 lease?
- Are there any fees or charges that I should know about before signing?
- What are the tax advantages of leasing?
- Do you finance all types of equipment in every state?
- When does the lease start?
Work Truck Driect FAQ’s
Where is Work Truck Direct Located?
We have several offices on the west coast, but we rarely carry inventory on site. All of the vehicles we source are new and come straight from the manufacturer. We facilitate the delivery to your door! We do business in all 50 states.
How Do I Order a Truck or Truck Related Equipment?
Reach out to a dedicated account manager by calling 888-998-6909 or chat with a live representative in the chat box below. Know exactly what you want? Complete a secure, no-cost, credit application and start the process today. Click Here to Apply.
Why aren’t vehicle prices listed?
Vehicles and equipment are sold by a variety of dealers including Work Truck Direct, LLC. Because inventory and prices vary from vendor to vendor, we don’t post prices. We work hard to keep on top of the inventory and bring you the lowest prices on the specialized vehicles your business needs. If you’re wondering about a price on a vehicle, reach out to an account manager by calling 888-998-6909 or chat with a live representative in the chat box below.
Allegiant Partners Financing FAQ’s
What do I need to get started on a vehicle or equipment purchase?
A signed and completed one page credit application. We can typically issue approvals for up to $150,000 based upon the application alone.
How long does the process take?
With most transactions that are under $150,000 the pre-qualification process will only take a few hours. In most cases the complete funding process may only takes a few days. The longest lead time is typically associated with the equipment availability.
What factors are used to determine credit worthiness of the business?
The length of time in business, references from bank and trades, Dunn & Bradstreet and credit bureau ratings.
How is a lease structured?
A lease is flexible and can be tailored to your business needs. 95% of our customers opt for an Equipment Finance Agreement or EFA which results in the borrower owning the equipment at the end of the term. The EFA terms typically range from three to seven years. The payment schedule can be fixed or timed to fit your needs. The most common is equal monthly payments. At the end of the term, the customer retains ownership of the vehicle.
Who’s name is on the title of the equipment?
In the case of an EFA, the customer’s name will be on the title from the beginning and the lender will be on the title as a lien holder. Once the final payment is made, the lien will be lifted.
Are there any down payments required at the beginning of a lease?
The first and last payment is usually required, plus any documentation fees.
How do your rates compare to your competitors?
Although we would love to have the lowest prices in every instance, we know it is impossible to achieve. We carefully set our lease rates at a competitive range depending on the size of the transaction, equipment type, credit quality and other factors. Our lease rates are often on the lower end of the spectrum due to the outstanding performance of our portfolio (minimum losses). Complete our credit application to see how you qualify. Click Here to Apply.
What is the best rate our business can get for a $250,000 lease?
Dependent upon market conditions, as low as 5% with excellent credit.
Are there any fees or charges that I should know about before signing?
We believe in doing business in a forthcoming manner with no surprises. All fees and charges (usually only a small administrative / documentation fee) are disclosed in an easy to read invoice included in your document package.
What are the tax advantages of leasing?
In some instances the monthly lease payment is treated as an operating expense and creates a “line item deduction” against revenue. In other instances the equipment is depreciated and written off over the useful life of the asset. Because every business is unique, we encourage you to seek out a qualified accountant to assist with the specific situation regarding your business or organization.
Do you finance all types of equipment in every state?
We are able to offer equipment financing in all 50 states for nearly any type of equipment. Although we do have several industry specific focuses we can also act as a general equipment finance company.
When does the lease start?
When the equipment has been delivered and is operational. We will conduct a “verbal authorization” where you will instruct us to pay the vendor and commence the lease.