Truck Finance: Frequently Asked Questions (FAQs)
What are the benefits of financing with JX Financial or Alltrux Capital?
We have over 35 years of experience in financing transportation equipment. Whether you are new to the industry and are buying your first truck and trailer or adding to your existing fleet, we assist in helping build your credit. By choosing JX Financial or Alltrux Capital, you’re partnering with a trusted, experienced team dedicated to supporting your growth in the transportation industry.
Why should I finance with JX Financial and/or Alltrux Capital?
Choosing to finance with JX Financial or Alltrux Capital offers a seamless, all-in-one experience. As part of JX Truck Center, we provide a full range of truck-related services and solutions including parts, service, body shop, graphics, financing, and more. This means you can handle everything - from purchasing to financing - under one roof, without the need to visit a separate bank or lender.
What information do you need me to provide to finance my truck?
To finance your truck, the process is straightforward:
- Established Credit or First-Time Buyers: if your business has a solid credit history or if you’re a first-time buyer, all you need to provide is a completed credit application. We offer a convenient electronic application that you can fill out directly from your phone HERE.
- Fleet Expansion: if you’re looking to expand your fleet, we may require additional financing information to assess your needs and provide the best financing options. Our goal is to make this simple and efficient for you.
If I call JX Financial or Alltrux Capital, will I talk to a human?
Absolutely! When you contact JX Financial or Alltrux Capital, you’ll be connected with a knowledgeable finance representative. We prioritize customer service, ensuring that you have a dedicated professional to guide you through every step of the financing process and assist with any post-funding needs.
What types of finance do you offer?
We provide a comprehensive selection of financing options tailored to meet various needs. Our offerings include:
- Retail Loans: traditional loans with flexible terms
- TRAC Leases: a lease option with potential tax benefits and lower monthly payments
- Balloon Payments: financing with lower initial payments and larger final payments
- Seasonal Skip Payments: payment plans that accommodate seasonal cash flow variations
- First-Time Buyers Programs: solutions designed for those with less than perfect credit
Can I finance a class 6+ truck that I am purchasing outside of JX Truck Center?
Yes! You can finance a truck or trailer that you are purchasing as long as it is purchased from a dealer.
How can I calculate what my payments will be?
We offer a Finance Calculator on our website to give you an estimate of what your payment might be, however, because every business is unique and the type of equipment being purchased can vary, we strongly recommend consulting with a financial advisor for a more accurate calculator tailored to your specific situation. If you do not have a financial advisor, we can connect you with financing expert who can guide you through the process and provide assistance.
What if I can’t make a payment?
Please call us! If you find yourself unable to make a payment, please reach out to us as soon as possible. Open communication is key. By letting us know early on, we can work together to develop a plan to address the challenges your business is facing and find a solution that works for you. Our goal is to support you through any difficulties and help you stay on track.
Does JX have financing for first-time buyers?
Yes! JX Financial and Alltrux Capital offer financing specifically designed for first-time buyers. We’re excited to support entrepreneurs Exhibiting a Pioneering Spirit in starting their own business by providing the financial solutions needed to purchase their first truck or trailer. Understanding that each situation is unique, we tailor our approach to meet your specific needs.
As general guidance, first-time buyers typically need 20% of the purchase price as a down payment as well as two years of owner-operator experience or driving experience.
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