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Truck Zone
Repair Financing through
Trust lease

At Truck Zone, we understand how crucial your equipment is to your operations. An accident, breakdown, or engine failure can come out of nowhere - and usually at the most inopportune of times.

We are happy to offer our partnership with Trust Lease - providing an alternate option to Keep You On The Road! Based out of Kelowna, and serving businesses across Canada, Trust Lease makes it easier than ever to get quick and easy-to-navigate access to financing.

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Frequently Asked Questions

What is Trust Lease?
Trust Lease is a privately owned Canadian equipment leasing and finance brokerage that arranges asset-based financing for businesses across Canada.
When would I call Trust Lease?
You should reach out to Trust Lease when:
- Purchasing new or used equipment or vehicles for your business.
- Seeking capital for major repair financing.
- Looking to refinance your current equipment loans. Their experienced account managers are always available to guide you through the best financing options for your needs.
Will using Trust Lease affect my personal or business credit rating?
No. In fact, Trust Lease will go above and beyond to make you aware of anything they see on your credit report and provide strategies for improving your score.
Why not use my bank?

Bank financing and equipment financing serve different purposes. Many business owners believe that using only their bank is the best approach, but banks often have stricter lending criteria. Here's why:

  • More Security: Banks typically require extensive guarentees.
  • More Collateral: Bank loans may require more assets as security beyond the equipment itself.
  • More Reporting: Banks often require monthly or annual financial statements.
  • Uncertainty: Bank loans and lines of credit are demand loans, meaning they can be reduced or revoked at any time.

With Trust Lease, financing is tailored to your bsuiness, providing more flexibility and stability.

Will there be a lien placed on my equipment?
With this program, yes, the lender requires a first charge on the equipment, which means any other liens or charges must be paid out as well and consolidated into one new finance.

The benefit is that it creates one simple and lower payment for the customer overall. Trust Lease will do much of the background work to make this as easy as possible.
Can I pay the financing out at any time?
The contract can be paid out early with the balance of payments owing. There are no exit penalties, and discounts can often be applied.

This is very similar to how most non-bank equipment leases and loans work. Many repair financing contracts are structured as leases giving the customer an enhanced tax benefit with more stability than bank financing.
What is the interest rate?
There is no one-size-fits-all rate. Trust Lease offers competitive financing tailor made for you based on factors such as your Business credit history, the age of your equipment, as well as the loan amount.
What are the financing program terms?
The maximum financing will be determined by the market value of the equipment pledged. Repayment terms range from 24 to 60 months.

The minimum application currently is $20,000 plus tax. The age of equipment is subject to mileage/hours and credit of the borrower. If you have a payment or structure you’d like to see, don’t hesitate to ask!
"Our mission at Trust Lease is to be the premier leasing partner for businesses across Canada, delivering trusted solutions that empower growth and success. We are committed to fostering long-term relationships built on integrity, transparency, and reliability. By understanding our clients' unique needs and providing tailored leasing options, we aim to exceed expectations and become the trusted ally in their journey towards prosperity, With a focus on innovation and exceptional service, we strive to set the benchmark for excellence in the leasing industry, earning the trust and confidence of our clients every step of the way."

For more information on their repair financing services and how they can help with your specific needs, visit Trust Lease's Website.

Apply for Financing Today

Trust Lease's knowledgeable finance staff is available to make the process of repairing your truck easy, so there's no need to put it off. To get a quote, apply now.

Apply Now
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