How can I finance a dump trailer?

Renting dumpsters for job sites is expensive. In what it costs to rent a dumpster for a few days you can finance a dump trailer for a month saving you money if you're constantly cleaning up construction debris or yard waste. 

There are several options for financing your dump trailer with Rock's Trailer sales. The first and most popular is Sheffield financial. Sheffield financial does financing for small equipment like mowers, trailers, side by sides, etc. The requirements for Sheffield are a 650 or better credit score and an appropriate debt to income ratio. You can finance with Sheffield as a business or for personal.

The rates for Sheffield vary on what sort of credit score, length of the term or amount you plan on financing. There is no early payment penalty and in most cases people who qualify don't need to put any money down. It is in your best interest to put some money down to get the finance amount below the $10,000 threshold which gives you a more affordable rate. 

Another option for financing a dump trailer is to go with Rock Solid Funding. They have a lower credit score requirement of ~600 but the rates tend to be higher as they are considered more high risk.

A third option is to work with a credit union like Tel Hio or Wright Patt. Sometimes if you have an existing relationship with a credit union you can get a reasonable rate. It tends to be a longer process.

Here are some common questions related to dump trailer financing:

Q: Can I finance the whole amount?
A: In most cases.

Q: Is there early payment penalties?
A: Not with Sheffield

Q: Can I finance my trailer and take it the same day?
A: Sheffield and Rock Solid funding take ~1 hour to get approval - so if you apply and get approved before we close we can get you set up the same day.

Q: Do you do rent to own?
A: Rent to own is not an ideal situation for customers they end up paying far more doing rent to own versus financing.

Q: Where can I check my credit score?
A: annualcreditreport.com, experian.com, equifax.com, be careful using credit karma because their scores are usually inflated which can be bad for you if you apply and get denied

Q: Do they pull my credit?
A: Yes

Q: Do you offer in-house financing?
A: No

Q: I don't have great credit can I apply jointly with a cosigner?
A: Yes. They will need to sign a co-guarantor spot.

Q: Can I finance a trailer in my business name?
A: Yes. In most cases, they will have you sign the paperwork with a personal guarantee.

Q: Can I give you my information over the phone to apply?
A: No. You can apply online or in-person with a paper application.