SmartWay Transport

Frequently Asked Questions

 

I want to purchase a quality used or new truck with fuel saving technologies on it. What financing options are available for me?

SmartWay provides information on financial institutions that provide loans for purchase of new or pre-owned trucks through our finance center website, www.SmartwayFinanceCenter.com .

What if I just want to purchase fuel-saving equipment to put on the truck I already own--can I use these loans for equipment purchase?

Yes, financing secured through the www.SmartwayFinanceCenter.com website can be used for equipment purchase and/or full truck/trailer purchases.

How much can I save by getting one of these loans?

An applicant that secures a loan for a new or used truck can save as much as $100 to $200 per month due to lower fuel consumption.

2004 Model Year Truck on the Used Market

How do I get a loan for a new or used truck?

If you are interested in obtaining a loan for a SmartWay Certified Tractor, SmartWay Certified Trailer or SmartWay approved fuel savings and emissions reducing technologies, you can submit a loan application at the www.SmartwayFinanceCenter.com website. This website allows you to submit one, simple, free application which is distributed to participating lenders for their consideration.  Multiple lenders will review your application, and they may send you an offer for a loan or lease.  You get to decide which offer(s), if any, best meets your needs.  You are not obligated to accept any offers.  Any loan or lease offers are from private lenders and do not constitute Federal government loans.  Further, private lenders may assess fees for issuing loans.

SmartWay also works with ACCION  which is a non-profit financial institution that provides loans up to $50,000 for New York/New Jersey residents only. To learn more about this loan opportunity, contact the Credit Specialist team:

• New York Loan Inquires: (212) 387-0494, via e-mail at loans@accionnewyork.org
• New Jersey Loan Inquiries: 1-866-5ACCION (1-866-522-2466).

 

What other financing opportunities are available?

To learn more about their financial opportunities for purchasing fuel-efficient technologies, including federal grants and state financial incentives.

Please note: EPA may not endorse the products or services of commercial companies. Any reference to a specific commercial product or service by trade name, trademark, manufacturer, company, or otherwise does not constitute or imply the endorsement or recommendation of the U.S. Environmental Protection Agency.  The financial institutions and their loan programs listed are not government loans.  If you obtain a loan from any of these financial institutions, you are subject to their terms and conditions.

Want to Learn More?

To learn more about Innovative Financing options, please contact:

SmartWay Call Center
734-214-4767
smartway_transport@epa.gov