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How Much Does It Cost To Buy A Tow Truck? [Low Monthly Payments]


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Let’s face it – starting a new towing business isn’t easy. In the first few years, you’re up against overwhelming odds.

It’s even harder to decide on which tow truck will bring a positive return on your investment. Finding the right one at the right price is a must if you want to haul home more profits and keep your costs low.

How Much Does A Good Tow Truck Cost?

Getting your hands on that new tow truck is a sweet milestone for your growing startup. If you’ve got the cash to spend, what can you expect to pay upfront?

Prices For A New Flatbed Tow Truck

Depending on the brand and model, a new flatbed tow truck can cost anywhere between $75,000 -$130,000. Financing your next tow truck can help break down that cost to help you acquire the same great truck sooner.

Try the monthly payment calculator to see how low a monthly payment could be.

Prices For A New Wrecker

Whether you need a boom, wheel-lift, forks, or light bars, these trucks can range in price anywhere between $65,000 to $115,000. If your business is like most, keeping more cash in your business is key!

Calculate a low monthly payment for a wrecker here.

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Why Lease Or Finance A Tow Truck?

Even if you already own a tow truck, you will need to purchase another one eventually if a truck breaks down or you need more hauling power in your fleet. When that time arrives, equipment financing will help spread out the cost into manageable monthly payments.

Growing your business is harder without enough cash on hand. After all, the #1 reason why businesses fail is lack of cash, so your decision on how to get your tow truck shouldn’t be taken lightly. Unlike cash purchases, equipment leasing allows you to acquire a tow truck while still conserving cash.

You might need your savings for:

  • Emergencies
  • Payroll
  • Saying yes to more opportunities

Benefits of leasing your tow truck

Using tow truck financing to acquire equipment comes with many advantages. A tow truck added today means saying yes to more customer calls, bringing in more revenue, and speeding up your business’s growth tomorrow.

Not only can you conserve your cash for unexpected times, you’ll also be able to:

  • Lower the upfront costs of your startup.
  • Establish business credit while protecting your personal assets.
  • Get a significant income tax write-off for acquiring a truck.

How to Estimate Tow Truck Financing Payments

Financial calculators make it easy to discover how affordable adding a truck to your business can be. Just enter the cost of the equipment and push "Calculate." The calculator will show you monthly payments based on the terms you’ve selected. You can finish any calculation without signing up. It couldn't be any simpler.

See how much your tow truck's monthly leasing payment could be with Beacon's mobile app.

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Looking to Save On Equipment Costs? Try Opting For a Used Truck.

Leasing a tow truck can be even more affordable if a used truck makes sense for you. Your business can still find a truck to handle your toughest jobs while saving on its cost. Leasing a used tow truck may allow your business to see profits sooner if you are willing to do a little searching. 

Here are some reliable resources to help you find a used tow truck:

Used Equipment Network

Tired of wasting time with online listings and classified? With Beacon Funding’s Used Equipment Network, you have access to thousands of commercial equipment providers just a phone call away.

In this large network, you can immediately leverage thousands of connections already in the towing industry to quickly find the right used truck for you, including most-in-demand manufacturers, dealerships, and equipment vendors.

With Beacon Funding communicating with over 1,500 businesses a day, searching for your dream tow truck is much easier with a financing consultant helping you get results.

To find a truck, click here and fill out the inquiry form with details about the equipment you're looking for:

Equip-Used.com

Used tow trucks are becoming harder to come by, but with Equip-Used.com's commercial truck section you can easily find a used tow truck at reasonable prices.

If you want to see a high return on your investment, this site is ready is to help you conquer the road by getting a tow truck for immediate use. They update their inventory on a weekly basis, offering a collection of flatbeds, wreckers, box trucks, trailers, and more!

Finance Your Next Tow Truck with Beacon Funding

Growing a young towing business isn’t for the faint of heart. Fortunately, you have options to make it easier.

Since 1990, we’ve been helping tow truck companies of every size get the truck they need to quickly rev in revenue. We’ve financed over $1 billion in equipment, providing quality customer service to businesses of every size.

As an A+ rated Better Business Bureau lender, our experienced financing consultants can have you with a tow truck that’s right for you in no time.

Apply with us today and see why thousands of towing companies chose us to help them keep more cash in their hands, get the truck they need while earning revenue to grow their dream towing business.

 

 

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