Long Haul Trucking Company | VDA Capital Group

520,000

Equipment Refinance

Long Haul Trucking Company

Case Background

The client had a 10 years old trucking company with 30 trucks and 20 trailers in fleet. 11 trucks and 8trailers were financed with APR ranging between 10 and 15%. Monthly payment was around $21,000.

Challenge

Current lenders did not want to lower the APR though the client had a good payment history.

Result

We found a Credit Union that refinanced all of the trucks and trailers with high APR. New APR became6%. Monthly payment went from $21,000 to $15,000 saving the client $6,000 every month.

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