Financing or Leasing a Box Truck

Financing or Leasing a Box Truck

If you are looking to acquire a box truck and are not in a position to pay cash, here are some helpful tips on how to get a box truck lease or financing.

Box truck leasing and commercial truck financing are quite different from traditional vehicle financing or leasing. Traditional loans are based on credit scores, revenue, as well as time in business to determine what amount your business is qualified to borrow.

With box truck leasing, the vehicle you decide to purchase becomes collateral for the lease. This limits the lender’s risk which in turn helps the purchaser qualify for the financing.

Below is a checklist of requirements for determining your eligibility:

Pre-approved financing

One of the best steps you can take toward deciding what and when to buy it so determine your eligibility by getting pre-approved for your box truck financing. C&M Motors can help you access your business history and credit to determine the range of financing you qualify for.

Factors that determine eligibility are:

·       Credit score

·       Time in Business

·       Down payment amount

Credit Health

When it comes time to purchase or lease that new box truck, your credit health is a major factor. Applying to many promising credit offers can generate a lot of inquiries on your credit report. Each hard inquiry can drop your credit rating a full 10 points. Applying to a handful of places, rather than dealing with one trusted dealership, can drop your score by an entire credit grade. Not recommended.

Here are a few other activities to be mindful of that can affect your credit score:

·       Other credit accounts – type, age, amount owed

·       Credit utilization percentage (i.e., how much of your credit you’re currently using)

·       Payment history

·       Total debt owed

·       Bankruptcies

Why C&M Motors

C&M Motors is a locally owned and operated family business serving the greater San Diego area since 1982. With 2 locations to serve you (National City and Vista), we offer a more personalized experience and customized services to meet your business needs. We can help you with all your financing needs. One hard inquiry and no loss of credit score grade.

Sales, service, rentals, maintenance, collision, fabrication, parts, and 24/7 emergency roadside assistance are all available at C&M Motors.

Give us a call to learn more.

C&M Motors Inc

(800) 736-3443


Medium Duty Trucks – Box Trucks, Dry Vans, and Reefer Trucks

medium-duty-trucksTruck classifications are typically based upon the gross vehicle weight rating (GVWR). Trucks are classified by the Department of Transportation’s Federal Highway Administration (FHWA), which groups classes 1–3 as light duty, 4–6 as medium duty, and 7–8 as heavy duty.

Medium Duty Trucks

 Medium duty trucks are defined as weighing between 14001–26000 pounds. There are 3 classes of medium duty truck.

  • Class 4 trucks have gross vehicle weight rating ranges from 14001–16000 lbs.
  • Class 5 trucks have gross vehicle weight rating ranges from 16001–19500 lbs.
  • Class 6 trucks have gross vehicle weight rating ranges from 19501–26000 lbs.

Some trucks listed as medium duty also are known as:

  • Box Trucks
  • Dry Vans
  • Refrigeration Trucks

A Box Truck is a truck with a box-shaped cargo area. The medium duty box truck usually ranges in size from 14 to 26 feet in length. They typically have a rolls-up door in the rear for loading cargo and on some box trucks, the cargo area is accessible from the cab through a small door.

A Dry Van is a type of Box truck. The Dry Van is the most common type of freight transportation in the US. Dry Vans, or enclosed box trucks, look like box on wheels with doors in the back. They have no temperature control and are designed to carry pallets or boxes of cargo, furniture, and any type of equipment. Dry vans are versatile and are typically used for moving non-perishable foods and beverages, textile and clothing items, plastic and building products. Dry Van cargo is protected from bad weather, theft, and most damage when secured properly.

A Refrigeration Truck (or Reefer Truck) is another example of a Box Truck. While a Dry Van is generally used by companies that need to haul appliances, furniture, and equipment, a Reefer Truck carries perishable goods like fresh or frozen produce.

All of these medium duty trucks can be found at your local full-service truck dealership, C&M Motors, NationaLease of San Diego.

If you would like to learn more about Medium Duty trucks, Fleet trucks, Leasing, Sales or Rental, call family-owned and operated, C&M Motors online or by phone (800) 736-3443.



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