The term describes options for acquiring monetary assistance to purchase a trailer without a traditional credit assessment. These arrangements focus on factors beyond credit history, such as income, collateral, and the applicants capacity to repay the loan. An example includes rent-to-own agreements where ownership transfers after fulfilling the payment schedule.
Accessibility is a key advantage, opening trailer ownership to individuals who may be underserved by conventional lenders. This expands opportunities for businesses and individuals who rely on trailers for their operations or personal needs. Historically, access to credit has been a barrier for many; these alternative financing models address that disparity.