What kind of fleet equipment fits this product?
Equipment financing covers most fleet equipment with a clear value and a vendor quote. On I-95 Funding, that often means the equipment a lane or customer contract demands rather than a fleet expansion: telematics and ELD hardware, dash cameras, trailer tracking, liftgates for delivery work, container chassis for drayage, yard tractors and loading equipment for terminals.
- Port and drayage fleets: container chassis and terminal equipment. See port drayage fleets.
- Last-mile delivery fleets: liftgates, hand trucks, route and scanning technology. See last-mile delivery fleets.
- Reefer fleets: temperature monitoring and data loggers customers ask for. See reefer fleets.
- Any interstate fleet: telematics, camera systems and trailer tracking
Why would a customer contract require new equipment?
Shippers increasingly set equipment and visibility requirements in their carrier agreements: real-time tracking, temperature records, camera systems or liftgates for residential delivery. Winning a lane can hinge on having that equipment in place before the first load. Financing it spreads the cost over the contract instead of draining cash before revenue starts.
Before financing equipment for a single customer, check how long the contract runs and whether the equipment is useful on other lanes if the customer leaves. Read what to weigh before a first big shipper contract.
How are terms and payments set?
Funders usually set the term around the equipment's useful life, its resale value and your fleet's profile. Durable equipment like chassis and yard tractors can support longer terms, while technology that ages quickly usually gets shorter ones. Payments are typically fixed and monthly, which makes them easier to plan around than uneven freight settlements.
A simple rule: the term should not outlast the equipment. Ask each funder whether installation, activation, subscriptions or training can be included, and what happens at the end of the term.
Do I need a down payment?
Some equipment financing requires a down payment and some does not. It depends on the equipment, whether it is new or used, the vendor, time in business and credit. Requirements vary by product and funder. A down payment can lower the payment, but it also uses cash a fleet may need to carry receivables.
If preserving cash matters more than the lowest payment, say so up front so offers can be structured with that in mind.
When is equipment financing not the right fit?
It is a poor fit for costs that leave no asset behind, such as road expenses, onboarding a new customer or carrying a slow month. Those belong in working capital or a line of credit. It is also a poor fit for equipment tied to a short contract with no use elsewhere, because payments continue if the customer walks away.
For larger projects that mix equipment with site work or a terminal move, a term loan may be simpler. For cash-flow gaps, see working capital.
How I-95 Funding places equipment financing
I-95 Funding helps fleets get funded through our funding partners. Send the vendor quote and recent bank statements, and we match the request with funders that finance that type of equipment. We explain each offer's term, payment, down payment and end-of-term terms before you decide. Some approvals come within a day or two, depending on documents.
A clear quote with make, model, price, taxes and installation is the single most useful document. When you are ready, start your application.
What you’ll typically need
- Vendor quote with equipment details, price and installation
- Recent business bank statements
- Government-issued ID for each owner
- Business registration details and EIN
- For used equipment: serial numbers, photos and proof of ownership
Frequently asked questions
Can telematics and camera systems be financed?
Often, yes, especially hardware bundled with installation. Some funders treat ongoing software subscriptions separately, so ask how service fees are handled. If subscriptions are a large part of the cost, working capital or the vendor's own payment plan may cover that portion.
Can I finance used chassis or yard equipment?
Many funders finance used equipment from dealers, and some consider private sellers with extra steps like photos, serial numbers and proof the seller owns it. Older equipment can mean shorter terms or a larger down payment.
What happens at the end of the term?
It depends on the agreement. With a financing agreement you typically own the equipment once payments are complete. Lease-style structures may include a purchase option or return. Read the end-of-term section of every offer before signing.
How long does equipment financing take?
Timing depends on the equipment, the size of the request and how complete your documents are. Some approvals come within a day or two, depending on documents. Used equipment and private sales usually take longer because of extra verification.
Should I lease or finance fleet technology?
Financing tends to fit equipment you plan to keep for years. Leasing can suit technology you expect to replace often. Tax treatment differs, so ask your accountant which structure fits your fleet rather than relying on general rules.
Equip the lane, keep the cash
Share your quote and we will match it with funding partners that finance that equipment.
Updated September 14, 2026 · I-95 Funding Team