At Summit Truck Equipment, we know how important the right equipment is to keeping your hydrovac operations running smoothly. That’s why we offer a variety of flexible commercial financing options designed to keep your fleet growing without straining your bottom line.
Truck Financing
Get affordable financing options before you hit the road in your hydrovac.
Quick & easy on-site financing Efficient approval process Best rates for your buck
Regardless of preference or budget, Summit Truck Equipment has a financing plan that will deliver what you need. Excellent rates and superior benefits help us stand out from other lenders, and our team of experts will make sure you’re comfortable with and informed about the financing option you decide on.
CONTACT US
Western Canada
(403) 347-1400
Eastern Canada
(289) 795-9829
Flexible financing solutions powered by Summit Truck Equipment
TRAC Lease (Terminal Rental Adjustment Clause)
A TRAC lease lets you acquire the hydrovac units your business needs with low monthly payments and minimal upfront costs. You retain the depreciation benefits, and the tax savings are passed along through reduced payment amounts. Bonus: your lease payments are fully tax-deductible.
FMV lease (fair market value)
An FMV lease allows you to use top-of-the-line hydrovac equipment at a lower cost, with the vehicle's end-of-term value based on current market rates. Since the equipment remains under the lender’s ownership, this is a smart choice if you prefer flexibility over long-term commitment. Note: mileage or usage caps may apply.
Equipment lease
Ideal for non-titled equipment like vacuum systems or jobsite gear, our Equipment Lease offers full tax deductibility with no ownership risk on your part.
Installment lease
If long-term ownership is your goal, the Installment Lease offers a fixed purchase option built into the contract. You gain immediate tax benefits and ownership rights as soon as the lease begins, with no additional buyout at the end.
Loan & security agreement
Ready to purchase? A Loan & Security Agreement gives you a fixed-rate financing option with consistent payments, helping you plan ahead while keeping capital free for business growth, equipment upgrades, or expanding your service area.
RENT-TO-PURCHASE
Summit has a variety of Rent-to-Purchase options available where you may rent a hydrovac with the goal of eventually owning it.
Calculate Your Payments
Calculate your estimated monthly vehicle or trailer payments using our free online calculator.
Find a Summit Dealership Near You
About Trans Lease
An important part of the Summit Truck Equipment Family, Trans Lease is our leasing company. Their professional staff is highly skilled in crafting custom leasing solutions that meet the challenges of your equipment financing needs. With nationwide coverage, the Trans Lease team will work with your business to find the perfect financing solution.
Over the past 20 years, their commitment to the industry has moved Trans Lease into the top 100 largest leasing companies in the United States. They are listed in the top 25 privately owned leasing companies in the country. Their experience and volume make them one of the fastest-growing companies in the industry, serving customers in all 50 states, Puerto Rico and Canada.
Their vision is to provide you with the means to scale your business and grow your bottom line. Committed to giving you competitive rates and the best possible terms on every equipment lease, Trans Lease is here for you. Learn more about Trans Lease.
FAQs
How much will my down payment be?
Unfortunately, there’s no one-size-fits-all answer to this question. Your down payment will depend on a variety of factors. We can’t promise a number that applies to every product, but we will work with you closely to find an option that best suits your circumstances.
What interest rate will I have?
The length of your term, the year of the vehicle, and your down payment amount can all impact the interest rate on your vehicle. Since we work with multiple financing partners, we’ll find the best possible rate for you.
Should I shop around for a better rate?
Though we’d never discourage you from doing your own research, we’re confident you won’t find a better rate than what Summit Truck Equipment can offer. A word of advice: don’t allow too many lenders to run your credit score. This can work against you down the road, as each inquiry into your credit impacts your score.
Do I need a specific credit score to finance a truck with Summit Truck Equipment?
A solid credit score is great, but we don’t worry too much about your credit score being perfect. Our goal is to help a diverse range of customers in a variety of financial situations, and that’s why we work with several different lenders. Our best advice is to start the conversation with us, and we’ll work with you to see if you qualify.