Yes, we do offer financing though several banks and lending institutions. Saddles and other smaller ticketed items can be financed through our partner Bread.

You may apply online or if you are in the area you may apply in person at our location. Call 806-590-4981 or email us at trailers@coolhorse.com

With the changes in today's economy and market, more times than not the lenders are requiring a minimum of 10% down on new units, some lenders may require 20% down. On our used units, a minimum of 10% down is required, regardless of credit, and most lenders want to see 20% down.

There are several factors that are going to play into this equation. One is your income and more importantly your debt to income ratio. This is the amount of monthly payments you have versus what your income is, then they look at the residual income. Another factor is your credit score and most importantly is what kind of payment are you comfortable with every month. As in the mortgage industry, it may not be a bad idea to fill out a credit application before trailer shopping to get "pre qualified". This may help you to determine the price range of trailers creditors will approve you for.

The terms will vary depending upon the unit selected, amount you wish to finance and credit profile. Typically on a New Living Quarters trailer, financing above $25,000.00 you can receive up to a 240 month term (20 years) in some cases extended terms maybe available. On our Non-Living Quarters, goosenecks and bumper pulls, financing over $10,000.00 you can receive up to a 120 month term (10 years) and in some cases extended terms maybe available.

Yes, in most cases the equity in your trade can be used as a portion or all of your down payment. Equity would be defined as the difference in what we allow on your trade and the payoff of your trade, if any.

Yes, we can finance used trailers, however there are a few exceptions on this. Some of our used trailers may not meet the age requirements. A trailer "normally" must be less than 10 years old to be financed but there are a few exceptions to this rule. Titling requirements may also hold back the acceptability of a used unit for financing. Please contact one of our sales associates, if you have any questions on a particular unit.

It is always easier to finance a New Unit, because the lender has less risk in the collateral package securing the loan.

Rates will vary widely depending upon the age of the trailer being financed and your individual credit history.  It has become harder to get financing and interest rates have gone up as well.  New trailers do qualify for slightly lower interest rates than used trailers (trailers that have been previously titled) and we also see more competitive rates when larger amounts are financed (amounts over $25,000). Interest rates range anywhere from 8.5% up to 19.99%. On a new living quarter trailer, financing over $25,000, and with excellent credit, you could expect approximately 8.5%-10.99%.

We are typically able to provide financing to most variances of credit scores. Other factors will be assessed in the overall decision, such as debt to income ratio, amount of revolving debt, collections, judgments and other public records. Another item is the length of time and amounts of credit you have borrowed in the past. The final approval, rate and term will be made solely by that lending institution itself.

Typically it is a minimum of 3-years from the discharge date before they will consider financing a trailer. At that point they will look at credit history since and re-establishment within that time frame.

In some cases W-2’s, pay stubs or tax returns maybe required to verify income.

Yes, we will work with your outside financing. However, we do require that full payment has been made or funding arrangements prior to the unit leaving our lot. Proof of insurance will also be required.

Upon approval, we will require a copy of all applicants’ drivers’ license and a proof of full coverage insurance with a minimum of $1000.00 deductible and appropriate lien holder information.

This seems to be one of the more confusing issues when purchasing a trailer. Many customers outside of Texas are concerned that we charge a Texas sales tax on top of their own state tax. This is never the case. You only have to pay the sales tax, title, and licensing fee from the state you live in.