Finance Center

Welcome to the Advantage Truck & Service Center Finance Center!

Once you’ve browsed the new and pre-owned vehicles for sale at Advantage Truck & Service Center, and found the model that you want, it’s time for one of the most important parts of the truck-shopping process, deciding whether to finance or lease. Luckily, when you’re buying a commercial truck from our dealership, you’ll have our finance experts by your side every step of the way. Plus, we offer competitive financing rates and terms to ensure that our shoppers drive off our lot in a commercial vehicle that suits their needs and budget.

Commercial Truck Financing vs. Leasing: What’s the Difference?

We’re often approached by shoppers from to who are unsure as to whether they should buy or lease their vehicle. Each option has its advantages and disadvantages, so it ultimately comes down to your budget and the kind of driving experience that you desire. Here’s a quick overview of financing and leasing:

Financing

• Involves taking out a loan with a bank, dealership, or outside lender. You’re then obligated to make monthly payments over a specific period of time to pay that loan back.
• Allows you to make any desired customizations to the vehicle with no penalty.
• Gives you the opportunity to work towards ownership of the automobile. You can also sell the vehicle at any point during your repayment process.

Leasing

• Entails borrowing an automobile for a certain amount of time, typically about 24 or 36 months.
• Enables you to easily upgrade to the newest vehicles on the market.
• Comes with excellent warranty coverage that takes care of routine service and repairs.
• Requires you to adhere to mileage limits or there will be a fee.

FAQs

What is MSRP? 

MSRP stands for Manufacturer Suggested Retail Price, and it’s a number that the manufacturer recommends a dealership to sell a vehicle at.

Can I pay off my commercial truck loan early? 

You can pay off an auto loan early, however, it’s best to thoroughly assess your financial circumstances before doing so. For instance, if you’re making on-time, only payments in order to raise your credit score, then there’s no need to pay it off early. Or, if paying off your loan will place you in financial jeopardy, then it’s something you should avoid. Also, you’ll want to check with your lender to see if there are any prepayment penalty fees.

Can you finance a vehicle with bad credit? 

Buying a commercial truck with bad credit is possible, but it can be a difficult process since lenders prefer to work with borrowers who have a good repayment history and a solid credit report. If you have not-so-good credit, you’ll want to consider making a larger down payment or getting a co-signer who does have good credit.

Shop with Advantage Truck & Service Center for Your Next Commercial Truck

Our finance experts are here to guide you through the financing process and help you get into your new vehicle. Whether you want to know how to buy a commercial car or whether financing or leasing is best for you, they’re always happy to help and provide you with great car buying tips. Contact Advantage Truck & Service Center’s finance team today, or stop by our showroom near for assistance. Or, if you’re ready to start the financing process, you can fill out our secure finance application online.