Applicant / Guarantor profile
Personal identity, contact information, and license details.
14%
‹Return to Portfolio Selector
MAGNARA GLOBAL
Automotive Fleet Intake
✓
Fleet Intake Received
MG-XXXXXXXX
Submitted securely via 256-bit TLS. A Magnara Global advisor will contact you within 24–72 business hours.
- A confirmation email is on its way.
- You may resume this file at any time using your reference token above.
Fleet & trucking
Common questions
What types of commercial vehicles can I finance?
Class 8 semi-tractors, day cabs and sleeper cabs, dry vans, reefers, flatbed and step-deck trailers, dump trucks, box trucks, work trucks, service vans, and specialty equipment. Both new and used vehicles are eligible, with terms varying by age and mileage.
Do I need active operating authority to qualify?
For most over-the-road financing, yes — active MC and DOT numbers are typically required. New-authority operators may still qualify for some facilities with stronger personal credit or down payment. Owner-operators leased to a carrier can usually qualify under the carrier's authority.
Can owner-operators with one truck qualify?
Yes. Magnara routes single-truck owner-operator applications to specialist lender partners who underwrite based on a combination of personal credit, time as a CDL holder, and projected revenue. Down-payment requirements are typically higher than for established fleets.
How are insurance and DOT requirements handled?
Lender partners require commercial auto liability and physical-damage coverage at minimum statutory limits, with the lender named as loss payee or additional insured. DOT compliance, ELD records, and CSA scores may be reviewed during underwriting for fleet expansions.
What financing structures are available?
Equipment financing (capital lease), TRAC leases, fair-market-value leases, $1 buyout structures, and conventional secured loans. Term lengths typically range 36–84 months depending on vehicle age and use.