Trailers and trucks are expensive. Therefore, most people cannot afford them without external leasing. Businesses and individuals who purchase trucks or trailers for work have to acquire some financing from lenders and banks.
Luckily, qualifying for truck financing is a relatively easy procedure. This is because the truck will be the collateral. Since trucks are expensive, they will be able to cover the debt balance if the borrower defaults on payment. So, the lender is less cautious.