AMK Funding Affiliates offers lease and finance options for Class 8 Tractors and Trailers of all types nationwide.
Owner Operator Truck Leasing
We have several specialized programs for owner operator truck leasing and finance. We offer programs for the experienced operator or a startup. Our options can service any level of credit. We can also finance or lease all types of trailers, from Dry Vans to Refers to Lowboys and more. There are different requirements for the programs. Scroll down to determine program fits your situation and review the qualifications.
Owner Operator Startups and Impaired Credit
We can lease trucks for you to start your own over-the-road trucking business. The biggest factor is going to be your down payment. You’re starting a business and need to invest in it. You also need to keep in mind the expenses you can expect to incur like insurance and any licensing fees necessary. Another expense to consider is the initial fuel costs before payments start coming in.
- Trucks model year must be at least ten-years or newer with 700,000 miles or less
- CDL required
- Minimum cash down payment 25% of the purchase price.
- Maximum amount financed $35,000
- Proof of Haul or Letter of Intent is not required but can be helpful.
Owner Operator With Prior Repossession
We can still help even if you have a prior repossession
Even if you have a previous repossession or charged off motor vehicle account, you can get a 2007 or newer truck (older on exception for higher line rigs).
You will need either:
a) 50% cash down payment ($10,000 minimum), or
b) additional collateral equal to the amount financed.
With alternative B, we can use other trucks or equipment you own free and clear as additional collateral. You would need an amount equal to the amount you wish to fund.
We can even do a combination of some additional collateral and some cash down. The bottom line is, if we can get to a 50% equity position on the equipment, we can finance anyone regardless of credit, time in business, of financials.
Established Owner Operator with A-C tier Credit
AMK Funding & Associates can finance your truck or trailers with easy qualifications up to $150,000.
Minimum Requirements:
• 2 years in business as an owner operator
• 620 Minimum credit score
• Prior borrowing experience of 50% of the amount requested
• Average approval conditions for 15% Down Payment plus 1st and last payment.
Fleet Truck Leasing
The business currently has 3 or more trucks and has been in business at Fleet of Trucksleast 2 years.This program is very similar to standard equipment leasing. Your experience and size earns you more favorable terms. We can finance from $10,000 to $10,000,000 for fleet operators with good credit and financials.
For smaller amounts, we’ll typically need the application, invoice for the truck(s) and the last 3 months business bank statements. For larger amounts we’ll request up to three years of financials, depending on the size of the request.
AMK Funding Affiliates leases all types of trucks to all types of businesses with all levels of credit. Up To $150,000 “Application Only”
At AMK Funding Affiliates, we are proud to be one of the few finance companies to offer a full spectrum Commercial Truck Finance Program. Anything from Owner Operator OTR Trucking Companies to Large Fleet Operators and Vocational Truck Leasing for all industries.
We can fund based on Credit, or Cash Flow, or Equipment Values to provide your business the funds you need based on your strengths.
AMK Funding Affiliates Offers a Wide Variety of Truck Leasing Programs
AMK Funding through its Affiliates was born out of a New York-based Automotive Finance Company. Our Affiliates know the Motor Vehicle market and understand what it takes to deliver what our clients need. We offer a variety of lease programs and lease options including $1 buy out, Term Lease Residual, FMV, TRAC Leases and more.
- OTR
- Dump Trucks
- Trailers
- Tanker Trailers
- Long Haul Trucks
- Day Cab Tractors
- Semi Tractors
- Reefer Trucks
- Pickup Trucks
- Cargo Vans
- Sleeper Cab Tractors
- Car Hauler Trailers
- Garbage Trucks
- Mechanic’s Trucks
- Water Trucks
- Roll-Off trucks
- Utility Trailers
- Lowboy Trailers
- Box trucks
- Street Sweepers
- Flatbeds
- Delivery Trucks
- Cement Trucks
- ANY TRUCK!!!
Vocational Truck Leasing
Because of the tremendous variety of businesses and their differentmechanics truck needs, our Vocational Truck Finance Program is extremely flexible to adapt to the specific needs of our varied clients. We have the resources, expertise, and experience to structure the lease to best serve our clients’ needs. There are no restricted industries and we can finance all credit profiles.
Problem Credit Truck Leasing
We cater to all credit levels. Many companies have been impacted by the poor economic conditions of the past few years. Many business owners simply keep applying to more banks in hope that one of them will accept them. They are not only wasting their time but also driving down their score even lower.
Albert Einstein once said:
“The definition of insanity is doing the same thing over and over again and expecting different results”.
If you have credit issues, you need to take alternative paths to secure the capital you need to run your business. We show you how, very simply, very honestly, very logically.
You can speak with one of our Certified Business finance Consultants anytime, at no charge, to explore what alternative program works for your situation.
Call (646) 807-9126
To put it simply, we look at providing funds to businesses based on Credit, Cash Flow, or Collateral. If Credit doesn’t work for you, we can use a completely different method of qualifying your request based on your Cash Flow, or Collateral values. Within those alternative pathways, there are multiple methods that we can consider. If there is a way for your business to service a debt, we can find the way to make it work.