Most people who buy a trailer from us don’t pay for it all at once. Whether it’s a dump trailer for a growing contracting business or a utility trailer for the farm, spreading the cost over monthly payments lets you get the right trailer now instead of settling for the one you can afford today.
This guide walks through how trailer financing works at Wallace Trailers, what to have ready before you apply, what moves your monthly payment up or down, and when renting or paying cash makes more sense.
Ready to apply now?
The online application takes seven short steps. Se habla español.
Why Finance a Trailer?
Keep Cash on Hand
A monthly payment leaves money free for fuel, payroll, materials and the unexpected.
Buy the Right Size
Stretching to the trailer the job actually needs usually costs less than outgrowing a smaller one and buying twice.
Put It to Work Now
For a business, a trailer that starts earning this week can help cover its own payment.
How the Application Works at Wallace Trailers
You can apply online, any time, right on our trailer financing page. Here’s what to expect:
Pick the trailer, or a short list.
Browse our current inventory online. Listings show photos, specs and prices, and many show an estimated monthly payment.
Fill out the application.
It takes seven short steps and starts with your name, mobile number and email.
We send it to lenders for you.
When you submit, you authorize Wallace Trailers to submit your application to lenders on your behalf, so you don’t have to shop it around yourself.
Review your options with our team.
We can go over the options with you and answer questions before you sign anything.
Hitch up and go.
Pick up your trailer at our lot in Burns, or ask about delivery.
Prefer to talk it through first? Call 615-794-9545. Se habla español — Spanish speakers can also start on our Spanish financing page.
What to Have Ready Before You Apply
Every lender is a little different, but these are the things lenders commonly ask about. Having them handy makes the application go faster:
- A valid driver’s license or other government ID
- Your home address and how long you’ve lived there
- Your employer or business information and income
- The trailer you want (stock number or listing link) and roughly how much you plan to put down
- For a business purchase: your business name and how long you’ve been operating
What Affects Your Monthly Payment
The estimated payment on a listing is a starting point, not a quote. Your actual payment depends on a few things:
Trailer Price
The total you finance, including any options you add.
Down Payment
Putting more down lowers the amount you borrow and the payment.
Term Length
A longer term lowers the monthly payment but usually means paying more interest overall.
Credit History
Lenders set rates and terms based on your credit and the details of the application.
Taxes, Title & Registration
Ask what the out-the-door total will be so there are no surprises.
Financing a Dump, Enclosed or Utility Trailer
The application is the same whatever you’re buying. What changes is the trailer, the price and how you’ll use it. A few pointers by type:
Dump Trailer Financing
Dump trailers are often the biggest purchase for contractors and landscapers. Pick a unit from our dump trailer inventory — Belmont, ANTS, Sure-Trac, Brandt and more — and include the stock number on your application.
Enclosed Trailer Financing
Enclosed cargo trailers protect tools and equipment on the job. Browse enclosed trailers from Cell-Tech, Wells Cargo and SunCoast, then apply for the one that fits your load.
Utility Trailer Financing
A utility trailer usually costs less, so the monthly payment is smaller. See our utility trailers for single- and tandem-axle options.
Equipment Trailer Financing
Hauling a skid steer or mini excavator? Match the trailer’s capacity to your heaviest machine. Browse equipment trailers before you apply.
Financing vs. Renting vs. Paying Cash
Tips Before You Apply
Match Your Tow Vehicle
Check your truck’s towing capacity before you fall in love with a trailer. Our team can help you compare.
Size It to the Real Job
Think about your heaviest regular load, not your average one. See our trailer sizing guide.
Business Buyers
Equipment used for a business may qualify for tax deductions such as Section 179. Ask your tax advisor what applies to you.
Plan for Upkeep
Our service shop handles brakes, wiring, bearings and axles to keep your trailer earning.
Trailer Financing FAQs
Can I get a trailer loan with less-than-perfect credit?
Lenders look at the whole application, not just your score. The best way to find out is to apply — when you submit, your application goes to lenders on your behalf, and our team can go over whatever comes back with you.
What interest rate will I get on a trailer loan?
Rates depend on your credit, the trailer, your down payment and the term, and they vary by lender. Applying is the only way to see the actual rate and payment you qualify for.
Should I pick a trailer before I apply?
It helps. Knowing the trailer and its price lets lenders look at the real numbers. If you’re still deciding, call 615-794-9545 and we’ll help you narrow it down.
How long does the application take?
The online application has seven short steps. Have your ID and income details handy and it goes quickly.
Can I finance any trailer on the lot?
Ask about the trailer you want — dump, utility, enclosed, equipment and more. Call 615-794-9545 and we’ll tell you what’s available.
Do I have to finance through Wallace Trailers?
No. You’re welcome to pay in full instead. Applying through us simply saves you from shopping your application around.
Do you help in Spanish?
Yes. Se habla español. Call 615-794-9545 or visit our Spanish financing page.
Ready to get started?
Apply online or call us. Wallace Trailers is at 1440 TN-96 in Burns, TN, and has been in the trailer business since 1932.